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1). Deciding when to File a Tax Return? By : K Hoyng
April 15th – “The Day of Reckoning”! Every year, millions of Americans get ready to pay taxes to Uncle Sam, or get ready to collect a tax refund from Uncle Sam; when did this become the great day that it is for taxpayers, and when are we actually required to file a income tax return? Let’s take a look at the beginnings of the income tax date of April 15 and why it was chosen?
The first known income tax that Americans were legally required to pay was enacted during the early 1860s, and the Presidency of Abraham Lincoln.
Article Related to: tax return, tax returns, income tax, income taxes, tax, taxes, income tax return, taxpayer, federal income tax, federal income taxes
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2). A Brief History Of The U.S. Income Tax By : Doug Smith
Introduction
The U.S. Federal Income Tax Code requires American corporations and citizens to pay a percentage of their income (earnings) to the government. This income tax provides for the operation of the government. The current Tax Code is found in Title 26 of the U.S. Code of Federal Regulations (CFR), as amended.
A Clause For Alarm
The Taxing and Spending Clause of the U.S. Constitution is found in Article I, Section 3, Clause 1. This article gave Congress the po...
Article Related to: income tax, income, tax, taxes, tax deduction, tax return, tax code, irs, income tax return, history
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