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Taxes and Tax Preparation

Levies imposed by the government on individuals or organizations such as income taxes, sales taxes, property taxes, and capital gains taxes

500 Questions

What is the law on taxes on money made on Indian reservations?

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Income generated on Indian reservations is generally exempt from federal income tax. However, state income taxes may still apply, depending on the specific laws of the state where the reservation is located. Additionally, income earned from sources outside the reservation is subject to federal income tax.

Why did Thoreau chose to go to jail instead of paying his taxes?

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Thoreau went to jail for refusing to pay taxes as a form of protest against the Mexican-American War and the institution of slavery. He believed that by going to jail, he was standing up for his principles and refusing to support a government that he believed was unjust.

How many years can a local tax collector go back to collect taxes?

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The time limit for a local tax collector to go back and collect unpaid taxes typically ranges from 3 to 7 years, depending on the jurisdiction. After this period, the tax collector may not be able to pursue collection of the outstanding taxes. It is advisable to consult with a tax professional or local tax authority to get accurate information specific to your situation.

Do illegal immigrants have to pay self employment tax?

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Yes, illegal immigrants who work as self-employed individuals are still required to pay self-employment taxes on their income. The IRS requires all individuals earning self-employment income to pay self-employment taxes, regardless of their immigration status.

How did taxes and customs combine to produce social unrest?

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Taxes increased the economic burden on individuals, while customs duties affected the prices of imported goods. This led to rising costs of living and reduced purchasing power for many people, resulting in social unrest as individuals felt the financial strain of both taxes and customs duties.

What is the meaning of sintax law?

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Syntax law refers to the rules governing the structure and ordering of words and phrases in a language to form grammatically correct sentences. It is crucial for effective communication and ensuring clarity in written and spoken language.

Who collected taxes in the feudal system?

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In the feudal system, taxes were collected by the lords or nobility from the peasants who worked the land. The peasants were required to provide goods or services in exchange for the protection and use of the land. Each lord had the authority to establish and collect taxes within their own domain.

Why did Hammurabi develop the system of taxation?

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Hammurabi developed the system of taxation to fund public projects and services, such as building infrastructure, maintaining a standing army, and administering justice. Taxation also helped consolidate his power by centralizing resources under the control of the state.

What is a system of forced labor and taxation used in new Spain?

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The system of forced labor and taxation used in New Spain was called the encomienda system. It granted Spanish colonizers the right to extract labor and tribute from indigenous populations in exchange for protection and religious conversion. This system was widely criticized for its harsh treatment of indigenous peoples and for perpetuating exploitation and abuse.

What is socialized housing tax?

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Socialized housing tax is a tax incentive provided by the government to encourage the development of low-cost housing for low-income families. Developers who qualify for socialized housing programs may receive tax breaks or exemptions to help make the housing more affordable.

What percentage of US Taxes do corporations pay?

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On average, corporations pay approximately 9-10% of total U.S. federal tax revenue. This percentage can vary depending on economic conditions, tax policies, and individual company performance.

Do you have to pay federal income tax on Social Se?

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Yes, you may have to pay federal income tax on your Social Security benefits if your income exceeds a certain threshold. The amount of tax you owe will depend on your total income, including other sources of income besides Social Security.

What is a lifeblood doctrine?

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Taxes are the lifeblood of the nation Without revenue raised from taxation, the government will not survive, resulting in detriment to society. Without taxes, the government would be paralyzed for lack of motive power to activate and operate it.

When did sales tax begin in New Jersey?

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Sales tax was first implemented in New Jersey on July 15, 1966. This tax was imposed to generate revenue for the state by taxing retail transactions on specific goods and services.

What percent of taxes go toward social services?

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In the United States, roughly 27% of federal government spending goes toward social services like healthcare, education, and housing through programs like Medicare, Medicaid, and Social Security. State and local governments also contribute funding towards social services, but the proportion can vary by region.

Must a felon file tax returns for the years in prison?

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Yes, felons are still required to file tax returns for the years in prison if they meet the income thresholds that require filing. Income earned while incarcerated is still taxable, and failure to file can result in penalties and legal consequences.

When did the FICA law take effect?

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The Federal Insurance Contributions Act (FICA) was enacted in 1935 as part of the Social Security Act. It became effective in 1937 to fund Social Security and Medicare programs through payroll taxes on employees and employers.

Is it legal to charge sales tax on shipping in Illinois?

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In Illinois, sales tax should only be calculated on the price of the item being purchased and not on shipping charges. However, if the shipping charges are combined with the price of the item (e.g., a single charge for both), then sales tax would apply to the total amount.

What did sons of liberty do to tax collectors?

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The Sons of Liberty tarred and feathered tax collectors as a form of protest against British taxation policies. This violent action was meant to intimidate tax collectors and discourage them from carrying out their duties.

Were the rights granted to settlers to demand taxes or labor from Indians living on the land?

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Yes, in some cases, settlers were granted rights to demand taxes or labor from Native Americans living on the land through legal agreements and treaties that were often unjustly enforced. These actions were part of the broader efforts to colonize and exploit indigenous populations.

What law introduced a version of the modern income tax on personal earnings?

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The 16th Amendment to the United States Constitution, ratified in 1913, introduced the modern income tax on personal earnings. This amendment granted Congress the power to levy an income tax without apportioning it among the states based on population.

Does a person have to pay tax on a law suite settlement from eeoc?

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Law suit settlements from the Equal Employment Opportunity Commission (EEOC) are typically not subject to income tax. However, any portion of the settlement designated as back pay may be subject to taxation. It is recommended to consult with a tax professional for guidance on your specific situation.

What group was chosen by the people in a colony to make its laws and set taxes?

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A legislature or assembly was typically chosen by the people in a colony to make laws and set taxes. Members of this group were elected or appointed representatives who were responsible for governing the colony on behalf of its inhabitants.

What is local tax rate for school district in Dover PA?

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The local tax rate for the school district in Dover, PA can vary depending on the specific area within the school district you are referring to. It is best to contact the local school district or county tax assessor's office for the most accurate and up-to-date information on the tax rates in that specific location.