Tag: income taxes

Tax Code, Regulations and Guidance

Taxation Definition

April 5, 2022

Via: Investopedia

Taxation is a term for when a taxing authority, usually a government, levies or imposes a financial obligation on its citizens or residents. Paying taxes to governments or officials has been a mainstay of civilization since ancient times. The term […]

Tax Code, Regulations and Guidance

Capital Gains: A Century-Old Tax Break Gets a Rush of Attention

June 18, 2021

Via: The Wall Street Journal

Suddenly, capital-gains taxes are all over the news. In late May, the Biden administration released details of its proposals to boost taxes on Americans’ long-term capital-gains income above $1 million by 82%. Soon after, the investigative site ProPublica published an […]

Tax Code, Regulations and Guidance

TaxSlayer Offers a More Cost-Effective Way to File This Tax Season

February 15, 2019

Via: Entrepreneur

Contrary to popular belief, not everyone hates dreads tax season — in fact, some people actually look forward to it. That’s according to the Pew Research Center’s most recent data on the matter, which revealed that just over a third […]

Tax Code, Regulations and Guidance

Payroll Tax

May 2, 2018

Via: Investopedia

What is a ‘Payroll Tax’ A payroll tax is a tax that an employer withholds from an employee’s salary and pays on behalf of his employees. The payroll tax is based on the wage or salary of the employee. In […]

Tax Code, Regulations and Guidance

Think you pay a lot in income taxes? You might pay more in this tax

September 7, 2016

Via: CNN

Many people complain about paying too much in federal income taxes. But it turns out that a majority of U.S. tax filers actually payless in income taxes than they do in payroll taxes, which fund Social Security and Medicare. That’s […]