Income tax: Difference between revisions
John James (talk | contribs) Created page with "An '''income tax''' is a tax levied on the income of individuals or businesses (corporations or other legal entities). {{stub}} [[Category:P..." |
No edit summary |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
The United States Federal Income Tax is a tax levied on an activity or event. There are three possible subjects which the Federal Government could tax: 1)Property 2)Capitation and 3) an activity or event. The first two are considered direct taxes. The third is an Indirect tax. There are specific rules for each of these classes of taxes in the U.S. Federal Constitution. | |||
[[Category:Income taxes| ]] | [[Category:Income taxes| ]] | ||
[[Category:Personal taxes]] | [[Category:Personal taxes]] | ||
[[Category:Taxation]] | [[Category:Taxation]] | ||
Latest revision as of 01:37, 15 November 2013
The United States Federal Income Tax is a tax levied on an activity or event. There are three possible subjects which the Federal Government could tax: 1)Property 2)Capitation and 3) an activity or event. The first two are considered direct taxes. The third is an Indirect tax. There are specific rules for each of these classes of taxes in the U.S. Federal Constitution.