The first tax in the United States was imposed on distilled spirits in 1791. The purpose of the tax was to generate revenue for the federal government to help pay off the debt from the American Revolution. The tax was unpopular and was often evaded by moonshiners. In 1862, Congress passed the Internal Revenue Act, which imposed a tax on income and expanded the tax base to include other items such as tobacco and alcohol.
The history of taxation in the United States is a long and complicated one. There have been many different types of taxes imposed on the American people over the years, and the tax code has undergone numerous changes. The earliest taxes in the United States were imposed on distilled spirits in 1791, and the tax base has since expanded to include other items such as tobacco and alcohol. The Internal Revenue Act of 1862 expanded the tax base to include income, and the 16th Amendment to the Constitution authorized Congress to impose a tax on incomes.
Today, the federal government imposes taxes on income, payroll, estates, gifts, and certain excise taxes. The history of taxation in the United States is a long and complicated one, but it is important to understand in order to appreciate the taxes we pay today.
If you think you are the victim of tax fraud, the first thing you should do is contact the IRS. You can do this by cal...
If you disagree with a tax decision made by the IRS, you have the right to appeal that decision. The IRS has an appeal...
A 457(b) retirement plan is a deferred compensation plan that is available to certain public and nonprofit employees i...
If you’re looking to contribute to a Self-Directed Roth 403(b), there are a few things you’ll need to do. First, y...
When you file your taxes in the United States, the Internal Revenue Service (IRS) will either owe you a refund, or you...
An estate in the United States is a piece of property that is owned by an individual.It can be real estate, such as ...
When it comes time to file your taxes, you may be wondering what deductions you’re eligible for. Depending on your s...
The United States tax code has a gift tax which is imposed on gifts given from one person to another. The gift tax is ...
If your business consumes fuel in the United States, you may be eligible to receive a tax credit for a portion of the ...
There are a number of common tax scams in the United States, and it’s important to be aware of them so that you donâ...
In order to claim the Child Tax Credit, you must have a qualifying child as defined by the IRS. The child must be unde...
A self-directed IRA is an Individual Retirement Account that gives the account holder more control over their investme...
A traditional Individual Retirement Account (IRA) is a personal savings plan that offers tax advantages to help you sa...
When it comes to estate planning, one of the most important – but often misunderstood – elements is probate. Many ...
The first tax in the United States was imposed on distilled spirits in 1791. The purpose of the tax was to generate re...
The United States has a complex tax system, which can be confusing for many people. There are several ways to pay your...
The Solar Energy Tax Credit is a federal tax credit for individuals and businesses that purchase and install solar ene...
When it comes time to pay federal taxes, many Americans are able to take advantage of tax credits. Tax credits can sig...
How do taxes work in the United States? The United States government collects taxes to pay for public goods and servi...
There are two main types of tax credits available in the United States: refundable and non-refundable. Refundable cred...