A fee charged ("levied") by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure. One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning. Since public goods and services do not allow a non-payer to be excluded, or allow exclusion by a consumer, there cannot be a market in the good or service, and so they need to be provided by the government or a quasi-government agency, which tend to finance themselves largely through taxes. Taxes may be part of a direct tax or indirect tax, and may be paid in money or as corvée labor. In modern, capitalist taxation systems, taxes are levied in money. Short-term capital gains are taxed according to your income tax bracket and long-term gains are taxed at 20% if you are in the 28% or higher tax bracket, and only 10% if you are in the 15% bracket. In other words, long-term gains are subject to lower tax rates because the IRS wants to encourage long-term investing. http://your_home_page_url/ Your copyright information Do you dread seeing those brown envelopes with the IRS or Inland Renenue address on them? Do you put them on one side until you have summoned the courage to read their latest demand for money? Does the thought of filing your tax return stress you out unbearably? Tax laws in most cou http://www.articles.travelmycity.com/Finance/articles_Tax-Demand-A-Tax-Attorney-Could-Reduce-It.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_Tax-Demand-A-Tax-Attorney-Could-Reduce-It.htm When you run a business- it can feel like you spend far too much of your time worrying about tax. Here/' s a quick guide to the what you need to know about tax. What Do You Qualify For? There are all sorts of tax breaks for home and small businesses- to try and make i http://www.articles.travelmycity.com/Finance/articles_Tax,-Tax-And-More-Tax.-What-A-Bummer!-Here-is-How-To-Handle-It..htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_Tax,-Tax-And-More-Tax.-What-A-Bummer!-Here-is-How-To-Handle-It..htm Organizing your taxes can get quite nerve-racking. This is the main reason why many people would find some assistance in preparing their taxes. When you file your taxes- you can find someone who can do the job for you. Look for a person who is knowledgeable- an experienced expert http://www.articles.travelmycity.com/Finance/articles_Finding-Assistance-with-Your-Taxes.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_Finding-Assistance-with-Your-Taxes.htm “Payroll Taxes are Due- with Penalties and Interest” At least that is what the letter from the IRS says. First thing- don’t panic. Quoting Daniel J. Pilla’s study for the Cato Institute “About 40 percent of the revenues the IRS collects through penalty assessments are ab http://www.articles.travelmycity.com/Finance/articles_Payroll-Tax-Penalties,-When-the-IRS-sends-a-Letter..htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_Payroll-Tax-Penalties,-When-the-IRS-sends-a-Letter..htm Money is like manure; it/' s not worth a thing unless it/' s spread around encouraging young things to grow. – Thornton Wilder The lack of money is the root of all evil. – Mark Twain Did you know that Congress passed a bill in 2005 that can provide you a tax credit (that’s a d http://www.articles.travelmycity.com/Finance/articles_Come-and-get-it…Your-Federal-Tax-Credits.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_Come-and-get-it…Your-Federal-Tax-Credits.htm If you are considering hiring a nanny to care for your children then there are a few important considerations about nanny tax which you need to take into account. Read on to find out more. When it comes to hiring a nanny one of the most important considerations will be the expense. http://www.articles.travelmycity.com/Finance/articles_What-You-Really-Need-To-Know-About-Nanny-Tax.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_What-You-Really-Need-To-Know-About-Nanny-Tax.htm The end of year tax return must be the most stressful part of running your own business. It is even worse if you have earnings abroad and have to fill in tax returns from those countries as well. How can you make life easier? 1. Start an accounts system. This can be in http://www.articles.travelmycity.com/Finance/articles_Tax-Returns-7-Steps-To-Reduce-Your-Stress.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_Tax-Returns-7-Steps-To-Reduce-Your-Stress.htm The IRS has decided to give up the fight on an ongoing legal issue regarding taxes it has collected on long distance telephone services. Here is the scoop. The IRS Owes You Money If You Have Paid Long Distance Phone Taxes Every one of us pays for some form of long dist http://www.articles.travelmycity.com/Finance/articles_IRS-Owes-You-Money-If-You-Paid-Long-Distance-Phone-Taxes.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_IRS-Owes-You-Money-If-You-Paid-Long-Distance-Phone-Taxes.htm The IRS is heavily promoting electronic filing options. This promotion has run into problems with corporations because of complex regulations. The IRS is now moving to correct this problem. IRS Simplifies Reporting Requirements for Corps Corporate tax filings are lege http://www.articles.travelmycity.com/Finance/articles_IRS-Simplifies-Reporting-Requirements-for-Corps.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_IRS-Simplifies-Reporting-Requirements-for-Corps.htm In modern America- it is rare to find a person or family living in the same place for thirty years. Most of us move five or ten times- which means taxes become an issue. Moving To A New Location – Tax Information I hate moving. Absolutely loathe it. I am sure you do http://www.articles.travelmycity.com/Finance/articles_Moving-To-A-New-Location-Tax-Information.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_Moving-To-A-New-Location-Tax-Information.htm The IRS is heavily promoting electronic filing options. This promotion has run into problems with corporations because of complex regulations. The IRS is now moving to correct this problem. IRS Simplifies Reporting Requirements for Corps and Shareholders Corporate tax http://www.articles.travelmycity.com/Finance/articles_IRS-Simplifies-Reporting-Requirements-for-Corps-and-Shareholders.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_IRS-Simplifies-Reporting-Requirements-for-Corps-and-Shareholders.htm With the booming property prices of recent years- more and more people are finding themselves facing a large tax bill when they come to sell their investment properties. However- did you realize that there is a perfectly legal way of deferring payment of such taxes by utilizing the advantageou http://www.articles.travelmycity.com/Finance/articles_1031-Exchanges--The-Legal-Way-To-Defer-Investment-Property-Capital-Gains-Tax.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_1031-Exchanges--The-Legal-Way-To-Defer-Investment-Property-Capital-Gains-Tax.htm As tax season draws irresistibly closer- the scam artists are polishing their latest techniques. This article should help you keep an eye out for these nasty individuals. Tax Season – Time for Scams In a particularly cheeky move- scam artists have started posing in on http://www.articles.travelmycity.com/Finance/articles_Tax-Season--Time-for-Scams.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_Tax-Season--Time-for-Scams.htm Tax is most often the bane of all profits. There are those who forget to pay their taxes and suddenly find themselves prosecuted. Tax has a way of creeping up on you. However- we all need to pay taxes- do we not? Tax is just one of those little irritations that we all must learn to live with. http://www.articles.travelmycity.com/Finance/articles_The-Advantage-of-Tax-Software-and-How-to-Get-It.htm Thu, 08 Jan 2009 11:04:03 -0800 http://www.articles.travelmycity.com/Finance/articles_The-Advantage-of-Tax-Software-and-How-to-Get-It.htm