Annual Taxes - Humor In The Drudgery: Difference between revisions

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Latest revision as of 20:11, 21 July 2025


One more week until Tax Night out. Have you filed yours yet? I haven't (probably should onboard that, actually), and when I read in USA Today that roughly 47% of Americans won't even need to worry about paying federal income taxes, I start to wonder if I would even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what's the point if half the damn country isn't going fork out up and jump off scot-free?

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The federal income tax statutes echos the language of the 16th amendment in on the grounds that it reaches "all income from whatever source derived," (26 USC s. 61) including criminal enterprises; criminals who fail to report their income accurately have been successfully prosecuted for login buncistoto. Since the language of the amendment is clearly intended restrict the jurisdiction within the courts, occasion not immediately clear why the courts emphasize the text "all income" and disregard the derivation among the entire phrase to interpret this section - except to reach a desired political conclusion.

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We hear a lot about income taxes, but a majority people concept just how much income-related taxes they're paying. We're taxed by both our federal government and our state. Being the federal government takes the lion's share, I'll focus on its free stuff.

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Have your real estate agent tip you on to a building with an out-of-town owner who is eager to trade. Sometimes such owners needs a two- or five-year contract for deed, to ensure that you a minimal down fee.

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