income tax »
The Basics for Small Business Tax Filings
The form of business you operate determines what taxes you must pay and how you pay them. The following are the four general types of business taxes. Income Tax Self-Employment Tax Employment Taxes Excise
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Lincoln and the First Tax
Top Takeaways 1: President Lincoln Imposed the First Federal Income Tax On August 5, 1861, President Abraham Lincoln, the first Republican president, imposed the first federal income tax in U.S. history in order to
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New Tax Laws for 2011 Tax Season
Top Takeaways 1: Reduced Tax Rates for 2012 The law exceeds the reduction of the Individual Income Tax Rates through 2012. This includes the reduction in the five basic individual income tax rate percentages
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Colorado Ballot Measure Seeks to Overhaul State Tax System
Two proposed ballot initiatives might mean big changes for taxpayers in Colorado. These initiatives, both of which require changes to the state’s constitution, seek to eliminate the state’s business personal-property tax while also overhauling
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Personal Income Tax Rates in New York
A new bill called the New York S. 50002 was passed in the New York State Legislature on December 7, 2011, and signed by New York’s Governor on December 9, 2011, wherein the personal
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Michigan Supreme Court To Uphold Income Tax Changes, With Few Exceptions
In May 2011, Michigan Governor Rick Snyder signed Public Act 38 of 2011 (“P.A. 38) and a sequence of other laws that made significant changes toMichigan’s Individual Income Tax provisions. These changes eliminated various
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