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Facts - Books - News    U.S. Facts Of Law:


Free Tax Law Facts

Learn About Tax Law And
How It Applies To You

Our free tax law facts section covers basic taxation facts with regards to the different levels of government that may levy taxes.  Taxing authority is available to municipalities, counties, regional service entities such as school districts, State governments and the federal government.

The federal government levies many taxes including income tax, estate tax, import duty, excise taxes and a myriad of other special taxes and fees.  Income tax on individuals, corporations and other entities is the primary source of revenue for the U.S. Government.

States and local governments, on the other hand, collect most of their taxes from a combination of real property tax, personal property tax, sales tax and income tax.  In some places, residents may pay income taxes to federal, state and city governments.

Concurrent with income taxes, the federal government also collects FICA or social security taxes and Medicare taxes.  These taxes fund two of the ever growing entitlement programs created by the U.S. Congress.  The social security system technically is not an entitlement program since the original intent was a for a forced retirement savings plan a worker would fund over his or her lifetime.  Unfortunately, unscrupulous Congresses over the years spent the money workers saved and today social security payments for retired workers are funded by the payments of those still working in a never ending Congressional ponzi scheme.

 

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Crypto Enthusiasts Demand Thailandaposs Finance Ministry Revamp The Merkle
The Merkle Crypto Enthusiasts Demand Thailand39s Finance Ministry Revamp The Merkle Capital gains taxes will always remain a controversial topic. This is especially true in Thailand, by the look of things, as the cryptocurrency community wants the nation39s Finance Ministry to rethink its guidelines in this regard. For most people and more raquo

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Markets Media press release blog Taxation of Crypto and Digital Assets Markets Media press release blog Make a killing on trading cryptocurrencies Then get ready to deal with the tax man. But do you know just what the tax implications are for buying and selling Bitcoin, Ripple, Etherium and the myriad other new tokens out there Well, it time to get How to report cryptocurrencies on your taxesWZZM13.com all 63 news articles raquo

AposNew Economyapos Taxes Are Sneaky Double Taxation The Gazette: Eastern Io...
The Gazette: Eastern Iowa Breaking News and Headlines 39New economy39 taxes are sneaky double taxation The Gazette: Eastern Iowa Breaking News and Headlines While Americans are observing tax day this week, your state government is preparing a cruel gift double taxation on some of your favorite goods and services. Republicans in the Iowa Legislature are debating tax reform plans, with promises to cut most

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The Presbyterian Outlook Taxation without representation Mid council leaders release statement addressing proposed per capita increase The Presbyterian Outlook A group of 40 mid council leaders has written a statement urging the 2018 General Assembly to vote down a proposed General Assembly per capita increase saying the proposed increase of 39 percent from 2018 to 2019 and another 7 percent from 2019 to

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Facts of Law - Taxes