Tax law

the British Parliament which meant all Americans were required to pay tax on each individual piece of paper they used, such as legal documents, newspapers, license etc. The money that was collected by the tax collectors was used to help protect the American frontier near the Appalachian Mountains. The actual cost of the tax was evidently small but what made the law so cruel to colonist (Americans) was not the instant cost of the tax but the standard it seems to set among the colonist. The…

Inequality The world around us is comprised of unequal social factors in all ages and periods, and inequality is preeminently shown in economics. In the past, inequality was mainly reflected by gender discrimination and racial discrimination. In the present, inequality is revealed by class-ism, a prejudice on the basis of social class. All these discriminations and inequalities were actually created by profits. Besides, inequality will not be disappeared shortly. In the past, white Americans…

Taxes are an integral part of any economy. As a responsible Bronx Tax Payer, you are supposed to pay your taxes and file your returns on time. While these are important exercises, most people consider this to be a formality or a burden hence do not understand the intricacies of the process and things related to it. Did you know that as a tax payer, there are certain rights that you have? Paying taxes is not only a duty but it also comes with some benefits and rights that you as a responsible…

passing the Stamp Act on March 22, 1765. This law forced a tax on all kinds of paper goods used in the colonies including newspapers, legal documents, licenses, and even playing cards. It affected almost all colonists in some fashion. The Stamp Act, was not only a means for Parliament to raise money, but also a means to show the colonists that the British government has supreme rule over the colonies. The tax on the Stamp was not very expensive, but this law angered many colonists. This was…

Tax reform, dating back to before the inception of our great nation, has always been a topic of heated discussion. The apathy of a society towards the unfair taxation of its people was made known in 1775; when the shot heard around the world reverberated in the ears of their oppressor King George III. As a result of the issuing revolution in America, the constitution as amended to which we still follow today was written. After extensive research the Republic of District Four concluded that…

recession for the last four years the low tax revenues have lead the country to have consecutive trillion-dollar yearly deficits. The spending has and will remain above the historical average of 20.2%. This is then expected to have massive growth when we come to the end of the decade when programs such as Medicaide and health care subsidies with in the Affordable Care Act overpower the federal budget.…

The creation of the IRS dates back to 1862, when President Lincoln established an income tax to pay for the Civil War. The IRS is a tax administrator under the Department of the Treasury. Their mission is to help American taxpayers understand and meet their tax responsibilities, and enforce the law with integrity and fairness to all. The Commissioner is the head of the agency, they must be appointed by the President and approved by the Senate. I choose the IRS because it is one of the most…

Whether tax avoidance is an acceptable business practice Tax avoidance is a very common phenomenon in modern society, as it is a legal way to reduce taxation, in other word, to increase profit. There are two main types of tax avoidance, one is using methods, allowed by law, to minimise tax, another one is manipulating tax loopholes to reduce tax payment. This essay will mainly discuss the later type, as the line between this kind of tax avoidance and tax evasion is not clear, and there are…

The Congress passed the Sixteenth Amendment to impose a Federal income tax. Income tax gives the opportunity for the federal government to build bridges and roads, army, and also enforce laws and carry out other essential duties. The reason for the Sixteenth Amendment because after the Civil War, the industrial and financial markets increased of the eastern United States. Although the farmers of the west and south suffered from low prices for their farm products, due to the fact they were…

The rule of Texas Public Accountancy Administration (TPAA) prohibits Certified Public Accountants (CPA) in Texas from advertising their tax services to the person whose name is on the IRS’s potential audit list within 30 days following the date of publication. This case raises a question whether the TPAA’s policy of banning CPA’s solicitation to potential customers violates the right of free speech under the First Amendment. We hold the opinion that the policy is unconstitutional in serving the…