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Topic: Federal income tax

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measures of national income and output

measures of national income

Income inequality metrics

Earned Income Tax Credit

income statement

fixed income

income redistribution

national income

guaranteed minimum income

progressive income tax

income distribution

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	CNN.com - Federal Income Tax - Apr 13, 2006
		Income tax is a complicated subject, but in its simplest terms, the federal government takes a percentage of one's earnings, based on the amount one earns, to pay for the services and programs that the government provides.
		In that sense, the federal income tax is often referred to as a "progressive" tax, or simply put, the more money you make, the more taxes you have to pay, although there is a point where the percentage you pay levels off no matter how much you earn.
		Others oppose tax cuts because they believe that the government should provide basic services and programs to all people, and they suggest these programs might lose their funding if the money from the cuts is lost.
	www.cnn.com /2006/EDUCATION/04/13/extra.income.tax/index.html (522 words)

	The Federal Income Tax
		It is recommended that the income tax should be drafted to supply approximately one-half to three-fourths of Federal taxes in normal and prosperous years and from one-fourth to one-half in years of serious depression and the first half of recovery therefrom.
		Taxing each spouse on income from his or her property plus one-half of income earned by both, with certain optional features, would be better than the Treadway plan in some respects, and its constitutionality may be less doubtful, though this plan removes fewer discriminations than plan 1.
		The income tax rate applicable to corporations was increased from 10 per cent to 12 1/2 per cent when the excess profits tax was repealed, but while this rate has been changed frequently since that time it was not increased very much until 1932, when it was raised to 13 3/4 per cent.
	www.taxhistory.org /Civilization/Documents/Surveys/hst23737/23737-1.htm (5953 words)

	FEDERAL INCOME TAX LIABILITIES (Site not responding. Last check: 2007-10-06)
		Persons in the household but outside a given tax filing unit may be counted as dependents of the unit, and a tax filing unit may be claimed as the dependent of another tax filing unit within the household.
		Tax units whose AGI is higher than the amount specified by ItemizedDeductionAGILimit have their itemized deductions (subject to limitation) reduced by the lesser of 1) ItemizedDeductionAGIPercent of AGI in excess of ItemizedDeductionAGILimit, and 2) ItemizedDeductionLimitMaxPct of itemized deductions subject to limitation.
		Tax units that are claimed as dependents of other tax units are not permitted to claim the personal exemption on their own return.
	trim3.urban.org /documentation/federaltax.html (7911 words)

	Income tax - Wikipedia, the free encyclopedia
		Income tax is often collected on a pay-as-you-earn basis, with small corrections made soon after the end of the tax year.
		Income tax was levied under 5 schedules—income not falling within those schedules was not taxed.
		Income tax may also be levied by individual U.S. states.
	en.wikipedia.org /wiki/Federal_income_tax (2019 words)

	Open Letter - Federal Income Tax (Site not responding. Last check: 2007-10-06)
		Furman for President Clinton regarding the unconstitutionality of the income tax and the illegality of the operations of the IRS, along with an invitation to have the administration's most knowledgeable people on the subject participate in a June conference to explore the subject of the legality of the income tax.
		The continuation of the current income tax practices by the federal administration, under the circumstances, is tyranny and it must be stopped.
		Again, the federal courts since 1985, on hearing cases challenging the ratification of the 16th Amendment as being fraudulent, have ruled that the issue of fraudulence is political and, therefore, non-justiciable -- to be dealt with by Congress.
	www.bigeye.com /fedtax.htm (4609 words)

	[No title]
		Long before the federal income tax was in place, multimillionaires such as John D. Rockefeller (who once said "I want to own nothing and control everything"), J.P. Morgan and Andrew Carnegie had their foundations set up and operating.
		Unlike Federal income tax rates that rise as income increases, the social security tax is a flat rate with a maximum taxable amount.
		The income tax was discontinued in 1872, but after heavy lobbying by the Populist Party, it was reinstated in 1894, as part of the Wilson-German Tariff Bill, when Congress enacted a 2% tax on all incomes over $4,000 a year.
	www.lycos.com /info/federal-income-tax.html (484 words)

	Federal Income Tax Reform: Resuming the Battle
		The corresponding loss of federal revenue is estimated by the Treasury at over $30 billion in fiscal year 1986 Not only does deductibility encourage states and localities to raise more revenue than their citizens otherwise would tolerate, it encourages them to raise such revenue in the form of progressive income taxes.
		The benefits of deductibility vary widely among states states with the highest taxes and the highest tax rates enjoy the greatest benefits from federal deductibility As a result, Americans in states with low taxes are penalized by paying part of their federal taxes to offset.
		Since tax legislation will continue to be considered and enacted, it is vital that supporters of genuine reform press their case by offering new initiatives consistent with the principles embodied in Reagan's original tax reform proposal.
	www.heritage.org /research/taxes/bg554.cfm (3696 words)

	DivorceNet - Federal Income Tax FAQ's
		You do not qualify for the head of household filing status because you and your spouse have not lived apart for the last 6 months of the taxable year and are not considered unmarried.
		The custodial parent signs a Form 8332, Release of Claim to Exemption for Child of Divorced or Separated Parents, or a substantially similar statement, and provides it to the noncustodial parent who attaches it to his or her return.
		However, the noncustodial parent may be treated as the parent who provided more than half of the child's support if the custodial parent releases the exemption by signing a Form 8332, Release of Claim to Exemption for Child of Divorced or Separated Parents, or a substantially similar statement.
	www.divorcenet.com /states/nationwide/federal_income_tax_faqs (1123 words)

	Income tax - Wex
		While some states do not have an income tax (Nevada), all residents and all citizens of the United States are subject to the federal income tax.
		As the largest contributor, its purpose is to generate revenue for the federal budget.
		In 1985 for example, the government collected over $450 billion in income tax from a total of $742 billion in total internal revenue receipts.
	www.law.cornell.edu /topics/income_tax.html (385 words)

	FEDERAL INCOME TAX (Site not responding. Last check: 2007-10-06)
		Without a firm grounding in the fundamental tax concepts studied in Federal Income Tax, it is impossible to fully understand the advanced business tax or estate planning course.
		Moreover, the fundamental concepts studied in FIT are important in many other areas of practice, including family law, tort law and environmental law, to name just a few.
		One reason why Federal Income Tax is tested on many state bar examinations is because of its wide applicability.
	www.law.pitt.edu /jones/federal_income_tax.htm (464 words)

	State and Federal Income Tax Information - 3/22/04
		Income from interest-bearing accounts, profits from the sale of property, gambling winnings, investment income, and wages from part-time or spousal/dependent employment are examples of earnings that may result in a U.S. tax liability for diplomatic agents, consular officers, and their family members.
		If an individual is found to have a U.S. federal income tax liability, then generally this individual may also have an income tax liability to the state/district where he or she resides.
		If you have questions regarding federal income tax liabilities you should contact a tax professional or the IRS by phone at 1-800-829-1040, in person, or through the IRS website at www.irs.gov.
	www.state.gov /ofm/tax/30640.htm (534 words)

	Federal Income Tax Course National Tax Training School
		If you have no previous knowledge in tax preparation then the Federal Tax Course will provide you with the proper training, covering all pertinent phases of the Federal individual income tax so you can become a professional tax preparer.
		National Tax Training School - founded in 1952 - is a licensed and accredited educational institution that is devoted to teaching tax preparation.
		Other courses such as those given by nationally franchised tax return preparation services, are typically given only before the tax season and are designed primarily to train its students to work for them on their proprietary computerized system preparing simple individual tax returns, and more complicated returns are usually referred to the office manager.
	www.nattax.com /fedbasic.htm (830 words)

	Oklahoma Income Tax Information
		The tax is computed under two methods, then the taxpayer may use the lower of the two methods as the final tax.
		In the case of resident individuals having income from sources both within and without the State of Oklahoma, the standard or itemized deductions and personal exemptions will be reduced to an amount which is the same portion of the total of Oklahoma AGI to Federal AGI.
		A corporation having an election in effect under subchapter S of the Internal Revenue Code shall not be subject to the Oklahoma income tax on corporations, and the shareholder shall include in their taxable incomes their proportionable share of the distributive income.
	www.oktax.state.ok.us /oktax/incomtax.html (966 words)

	Original Intent Treatise - Federal Income Tax
		The term "income tax" is a broad umbrella term that embraces all manner of taxes that bring revenue into the US Treasury.
		In other words, the subtitle A tax is separate and distinct from the subtitle B tax, which is a separate and distinct tax from the tax imposed under subtitle C, and so on.
		The term "income tax" can be used by the US government and its courts to describe revenue laws generally, or it can be used to describe a specific type of tax.
	www.originalintent.org /edu/fedincometax.php (5603 words)

	Arthur L. Farnsworth's Internet Site - Income Taxes page (Site not responding. Last check: 2007-10-06)
		He points out quite clearly that the income tax is voluntary and thus differs from the liquor taxes for which distillers have a liability (see I.R.C. Section 5005(a) which says "The distiller or importer of distilled spirits shall be liable for the taxes imposed thereon by section 5001(a)(1)").
		Gates tells us (in underlined text even!) that "our" federal tax system is based upon voluntary compliance, and that it is founded on trust in the taxpayer's honesty to comply with the tax system.
		If the federal income tax were compulsory (mandatory), it would violate the taxing clauses of the Constitution for the United States.
	www.enter.net /~arthurlf/incomet/fincomet.htm (4916 words)

	US Federal Income Tax (Site not responding. Last check: 2007-10-06)
		The federal tax is managed by the US Department of Treasury, the Internal Revenue Service (IRS).
		Congress passes the tax law, the IRS bureaucrats specify it in detail, and the tax payers attempt to minimize their tax burden.
		The tax code is a mammoth of complex rules which creates a profitable profession of tax avoidance specialists.
	www.tryagain.com /feditax (166 words)

	Obtaining U.S. Federal Income Tax Publications, Forms, and Instructions (Site not responding. Last check: 2007-10-06)
		Request tax forms and instructions for current and prior years, as well as free publications on a variety of topics.
		Many of the most popular tax forms, instructions, and publications are available free of charge at the Denton Public Library, North Branch, at 3020 N. Locust.
		If you cannot locate a tax product, or need a tax product from a prior year, visit the IRS Forms and Publications page to download products or call 1-800-829-3676 to place your order.
	www.library.unt.edu /govinfo/tax/taxfile.html (1396 words)

	Internal Revenue Service
		People who owe delinquent taxes can now file an application for a payment agreement using this Web site.
		The IRS reminds churches/charities of the 50-year-old ban on political activity.
		Taxpayers in portions of New York and Hawaii have until Oct. 23 to file their tax returns.
	www.irs.gov (64 words)

	Federal Income Tax Deduction
		The State of Missouri allows a deduction on your individual income tax return for the amount of federal tax you paid.
		The federal income tax deduction is often figured incorrectly.
		Federal Form 1040 — The other federal tax deduction includes alternative minimum tax on Line 45, any foreign tax credit on Line 47, tax on qualified retirement plans and MSAs on Line 60 and any recapture tax included on Line 63.
	www.dor.mo.gov /tax/personal/individual/fitdeduc.htm (430 words)

	Federal Income Tax
		We will study the current laws relating to income realization and recognition, exclusions from income, business and personal deductions, credits from tax, business and personal gains and losses, depreciation, accounting periods and methods, and the alternative minimum tax.
		This class would not be as much fun if we didn't have to prepare a federal income tax return for a hypothetical human being.
		Learning activities may include the tax return project and various CCH tax research projects to be assigned.
	www.austincc.edu /helin/Sylindtaxfall00.htm (1107 words)

	Federal Income Tax Primer (Site not responding. Last check: 2007-10-06)
		The federal income tax body of research is quite large, but the reason we don't have to pay can be distilled into a few key concepts, which I present below.
		The entries for "Income" and "Income tax" are both found on page 194 of the index, which I have included for you here.
		Don't worry, because you will find out in my Income Primer that even this section has no effect on you, because you have absolutely no income, as that term has been defined by the supreme court for constitutional and federal tax purposes.
	www.enter.net /~arthurlf/incomet/fitprmr.htm (2219 words)

	Federal State Income Tax Return Services IRS Problems (Site not responding. Last check: 2007-10-06)
		In addition to keeping clients in compliance with Federal, State and Local income tax laws, the firm offers income tax planning and business consulting services on a year-round basis.
		Business and personal changes through out the year affect your tax liability and if you wait until the year's end, it may be too late to effectively reduce your tax burden.
		My version of "tax planning" involves constantly reassessing your current situation to proactively evaluate and revise your tax strategies as opportunities or challenges arise.
	www.kelanroycpa.com /krcpa/Tax_Services.htm (297 words)

	index
		Filing federal income tax forms is the personal responsibility of each international student and scholar.
		Staff members of the International Office have been trained as IRS Volunteer Income Tax Assistance (VITA) volunteers and they are willing to provide assistance through seminars and scheduled appointments.
		Please be aware that each student/scholar is ultimately responsible for the accuracy of his/her income tax returns and any resulting penalties or interest.
	www.utexas.edu /international/taxes (207 words)

	Federal Income Tax Form 1040 (Excel 5.0 Spreadsheet) Income Tax Calculator - Free!
		These spreadsheets attempt to perform the mechanics of tax preparation in accordance with IRS forms and instructions.
		The tax form was finished, printed, mailed in, and I got my return.
		I even had a minor discussion with an IRS tax representative and he never even knew that the form was anything other than a regular tax form set to take inputted data (one square at a time).
	home.mchsi.com /~taxcalculator (1710 words)

	Tax Return Preparation software, Free Online Tax Filing For Federal and State Income Taxes (Site not responding. Last check: 2007-10-06)
		Federal and State Income Tax Preparation and Online Tax Filing Services.
		Tax Solutions developed by professionals for Tax Professionals.
		TaxExact pro includes comprehensive Federal and State forms for individuals and business taxes with advanced utilities and in depth help.
	www.taxexact.com (120 words)

	Federal Income Tax (Site not responding. Last check: 2007-10-06)
		CORPORATE Pro Federal module provides a top quality corporate income tax software program capable of handling the calculations of Annual, Estimates, Extensions and Amended returns.
		The software is designed to suit the needs of all types of insurance companies and C-Corporations and includes return types of 1120, 1120-L, 1120-PC, 1120-F and 1120-RIC.
		CORPORATE Pro Federal has been written in a manner to streamline calculations and the processing of anything from a simple return all the way to the most complicated of all returns including a full-blown, One-Step Consolidation.
	www.taxsation.com /Federal_Income_Tax.asp (88 words)

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