Paying Taxes Can Tax The Best Of Us: Difference between revisions

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Revision as of 16:51, 16 September 2024

The courts have generally held that direct taxes are restricted to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Company. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) All the other taxes are known as "indirect taxes," as these tax an event, rather than human being or property as such. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What was a straightforward limitation on the power of the legislature based on the main topics the tax proved inexact and unclear when applied to an income tax, that arguably viewed either as a direct or an indirect tax.

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Three Year Rule - The tax owed in question has for for going back that was due incredibly least three years in items on the market. You cannot file bankruptcy in 2007 try to discharge a 2006 taxes owed.

In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% tax bracket and accelerating some with the changes passed in the 2001 EGTRRA.

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