All About Taxes

All About Taxes


All About Taxes

401 k

1099s

Business Expense

C Corporations

Capital Gains Tax

Child Tax Credit

Corporate Income Tax

Cost of Goods Sold

Earned Income Credit

Education Credits

Hope and Lifetime Learning Credits

Income Tax Refunds

Income Tax Season

IRAs

Labor/Employment Taxes

Legal Entities and Tax Liabilities

Medical Deductions

Medical Expenses and Your Itemized Deductions

Medicare Tax

Mortgage Interest and Your Itemized Deductions

MSAs

Non-Profits and Tax Liability

Penalties on IRAs, MSAs, and 401(k) s

Personal Deductions

Personal Exemptions

Personal Income Tax Returns

Rapid Refunds

Refund Anticipation Loans

S Corporations

Schedule C Returns

Self Employment Pensions

Self-Employment Tax

Social Security and Our Current Tax System

Social Security Tax

Sole Proprietorship

State and Local Taxes

Student Loan Interest

A Tax and Government: By the People, For the People, Still?

Tax Auditing

Tax Evasion

Tax Fraud

The History of the Internal Revenue Service

The History of the Social Security System

The Internal Revenue Service

The Widening Income Gap: Rich vs. Poor

W-2s

What is a Dependent?

When Do You File a Tax Return?

Your Tax Dollars at Work

Your Tax Status



Many years ago, the necessities of life would have been just food, water, clothes, and shelter. But in todays modern times, the things that used to be called luxuries are now considered necessities. One good example is insurance. Before, insurance was considered a luxury because only the rich individuals can afford as it is quite expensive. But because of the market competition in the insurance industry, prices have gone down and now insurance policies are much more affordable, even air travel insurance. More at The Good and Bad Side of Air Travel Insurance

Traveling to another place or country is no joke. It involves a lot of things and it can really get you exhausted and exhilarated. Now, one of the many things that you would have to do once you finally decide to travel abroad is getting a good but cheap insurance. You see, insurance policies these days are quite expensive. But for purposes of traveling abroad, you only need to secure a travel insurance. More at Cheap Insurance for International Travel

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A tax (from the Latin taxo; "rate") is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many administrative divisions. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.

According to Black's Law Dictionary, a tax is a "pecuniary burden laid upon individuals or property owners to support the government [...] a payment exacted by legislative authority." It "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government [...] whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name."

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