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We hear a lot about income taxes, but a majority of people need to know just how much income-related taxes they're spending money. We're taxed by both our federal government and our state. Ever since federal government takes the lion's share, I'll concentrate on its tax.

The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The internal revenue service contended that evaded taxes by making several inter company transactions to foreign affiliates regarding two of your patents and trademarks on popular drugs it operates. That is known as offshore tax fraud.

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