Home Forums FAQ’s Why do I owe taxes?

Tagged
1 reply, 2 voices Last updated by  Refundtalk 1 year, 8 months ago
  • tara berks
    Moderator
    @t_berks
    #7339

    Why do I owe taxes?

    If You Found The Information Here Was Useful Please Consider Sharing This Page!

    Refundtalk
    Keymaster
    @admin
    #7340

    The first income tax in the U.S. was authorized by Congress in 1861 and levied the following year, to help pay for the Civil War, according to the Civil War Trust, but taxes have been around nearly as long as civilization itself. Historians have found tax records that go back to 6,000 B.C. in what is now Iraq, and the ancient Greek, Egyptian and Chinese cultures all had their own versions. In Biblical times, Roman emperor Caesar Augustus established rules around some personal and inheritance taxes that the English later used to create similar taxes centuries later, according to the Handbook on Tax Administration. Ironically, modern-day Italy has the lowest rate of income-tax compliance out of 10 major developed nations, with less than two-thirds of citizens giving the tax man his due.And although plenty of Americans have argued in court that they shouldn’t have to pay taxes, the IRS has a helpful 71-page paper that methodically debunks these claims, The Truth About Frivolous Tax Arguments, (which might be equally helpful as a cure for tax-season-induced insomnia.)

    If You Found The Information Here Was Useful Please Consider Sharing This Page!
Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

Related Posts