Category: Taxes
The Laffer Curve and Taxation in the United States
Finance KarmaDec 21, 2016
The Laffer Curve, made popular in the 1980s as one of the premises behind supply-side economics and espoused by proponents of government tax cuts, has a long and...
Is Disability Income Taxable?
Finance KarmaDec 21, 2016
Publication 907 by the Internal Revenue Service (IRS) explicitly states that income from any benefit received in the form of disability insurance compensation becomes...
How to Get a Federal Tax ID Number
Finance KarmaDec 21, 2016
A federal tax identification number is also known as the Employer Identification Number (EIN). All the employers need to have it in order to be tracked by the government...
Check Out This Notable Information to Know How Bonuses are Taxed
Finance KarmaDec 21, 2016
Bonus amounts granted to employees are taxed, as the IRS considers it to be a part of the income. Facts About Bonus Payments Bonus payments are made by employers to...
Information about Claiming a Child on Tax Return
Finance KarmaDec 21, 2016
Having kids can reduce some amount of tax one pays to the government. Such a tax is known as ‘Child Tax Credit’. It is one of the many ways of availing...
Flat Tax Vs. Fair Tax
Finance KarmaDec 21, 2016
As the powerhouses in the US pit their wits against two startlingly different tax reforms to ever be implemented, the debate of flat tax vs. fair tax is an engaging one....
What are Withholding Allowances?
Finance KarmaDec 21, 2016
A withholding allowance is basically a tax compliance that is imposed by the Internal Revenue Service (IRS) of the United States, and is adhered to by the employees and...
Are Property Taxes Deductible?
Finance KarmaDec 21, 2016
There are a considerable number of deductions that can be used while one files the income tax return. The income tax in the United States of America, is basically a...
Capital Loss Carryover
Finance KarmaDec 21, 2016
Capital Loss Carryover Every year, companies calculate their annual profits and losses by preparing a set of statements that are collectively termed as the final...
Evolution of Tax Structure in the US
Finance KarmaDec 21, 2016
Evolution of Tax Structure in the US Federal, state, and local taxes in the United States have evolved in response to the changes that have occurred in the country. Over...
