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From Wiktionary under the GNU Free Documentation License. To tax (from the Latin taxare: to estimate, which in turn is from tangere: to touch) is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state. Taxes are also imposed by many subnational entities. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid). A tax may be defined as a "pecuniary burden laid upon individuals or property to support the government […] a payment exacted by legislative authority." A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government […] whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name." In modern taxation systems, taxes are levied in money, but in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents. The method of taxation and the government expenditure of taxes raised is often highly debated in politics and economics. Tax collection is performed by a government agency such as Canada Revenue Agency, the Internal Revenue Service (IRS) in the United States, or Her Majesty's Revenue and Customs (HMRC) in the UK. When taxes are not fully paid, civil penalties (such as fines or forfeiture) or criminal penalties (such as incarceration) may be imposed on the non-paying entity or individual. From Wikipedia under the
GNU Free Documentation License Is sales tax charged on Income tax preparation in Ohio? Q. When someone gets their income taxes done (specifically in Ohio) is there a sales tax that is added to the cost of the preparers fees. If so is it charged on the total amount due/refunded or on the charge for the tax preparation itself? Asked by Donald C - Mon Jan 7 19:08:33 2008 - - 1 Answers - 0 Comments A. Looking at the ohio state tax faq section, Tax prep is not listed as a service subject to the sales tax, so I was say, no, preperation of a tax return isn't subject to sales tax in Ohio. I hope that helps. Answered by Michael K - Tue Jan 8 16:34:45 2008 How come the US government can change tax laws over and over again during tax season? Q. With certain tax law changes since the beginning of 2007, my CPA is having to correct my taxes several times. It doesn't seem right that the govt can change tax laws several times during tax season. Other than "because they are the govt," how come they can tamper with tax laws during tax season. My CPA is correcting my taxes because we keep getting corrected 1099's from my brokerage firms. The reason for the corrections I was given was because the laws keep changing. *shrug* Asked by Tamug01 - Mon Apr 2 17:18:32 2007 - - 5 Answers - 0 Comments A. The Tax Laws that were changed or extented in January 2007 were a benefit to the tax payer. The Tuition and Fees deduction was extended as was the Deduction for State and Local Sales Tax.. The changes were up for vote before the Holiday break, but Congress did not vote to extend them until after the first of the year. It was frustrating to both the taxpayer and the IRS as the Forms for 2006 were already printed Answered by Rob - Mon Apr 2 17:25:13 2007 How do property tax appraisals on a new home work?
Q. We bought a new home last August 2005. The taxes for 2005 were based on a property value of 17,000$. Our home is now worth about 150,000$ for 2006. We signed a paper during the purchase, asking the escrow account to go ahead on figure the new tax rate on our home into the mortgage payments from the beginning. I am not sure if they are doing it from the paperwork I have seen. So I am afraid we will be responsible for a huge tax payment come January that we are not prepared for. And, our monthly payments will go up to accommodate the new tax rate for the next year, etc. We cannot afford a 300-400$ increase a month. How do I find out for sure if the escrow account is being funded at the proper levels so there are no surprises come January.… [cont.] Asked by Sandianne - Sat Aug 26 19:17:39 2006 - - 4 Answers - 0 Comments A. Call your local city or county goverment and request your tax bill. That will tell you how much they should be collecting for the year. Take that number and divide by 12 to tell you how much you should be paying monthly. Compare that to what your statement says you are paying and you will have your answer. Just an FYI that from a financial perspective it makes no sense to escrow your taxes. Problems arise constantly with escrow accounts. Thanks, Answered by Crystal S - Sat Aug 26 22:49:02 2006 From Yahoo Answer Search: "Tax" From Wikiquote under the GNU Free Documentation License.
See also:
 news.google.com Reuters Based on projections for increased income tax expenses and its forecast for the remainder of the year, Navistar lowered its guidance for net income for its ... and more » news.google.com Sealy News 10, on its proposed property tax rate of $0.30579. The proposed rate is slightly higher than the current rate, at 30.12 cents per $100 valuation. ... and more » news.google.com Daily Mail - Charleston Joe Manchin announced that he is re-forming the West Virginia Tax Modernization Project. About four weeks ago, the Public Policy Foundation of West Virginia ... and more » From Google News Search: "Tax"  ct.gov 321px x 390px | 40.20kB [source page] Governor Rell Announces Sales Tax Free Week Governor Rell Announces Sales Tax Free Week to be held this year from August 15 to 21 For additional information read the Governor s news release Governor Rell was joined by State  metalroofingsource.com 893px x 598px | 124.90kB [source page] Get a Tax Credit with Your New Metal Roof  midyork.org 1306px x 700px | 804.00kB [source page] isley mrs john eames julia land tax letter oct 9 1918 jpg From Yahoo Image Search: "Tax"  realtor.com Audie Chamberlain hu, 10 Sep 2009 13:00:19 GM Josh Aberson blogs about a possible extension to the first-time buyer . tax. credit.  ghanavoices.wordpress.com newshoundjoana hu, 10 Sep 2009 15:55:15 GM French President Nicolas Sarkozy has announced plans for a new carbon . tax. aimed at combating global warming. The . tax. will be introduced next year and will cover the use of oil, gas and coal, he said. The new . tax. will be 17 euros ( 15) ...  sfexaminer.com Mike Aldax hu, 10 Sep 2009 16:25:12 GM Nebraska . tax. revenue fell below projections in August, prompting Gov. Dave Heineman to say the national economic slowdown may be starting to have a more direct effect on the state's receipts. From Google Blog Search: "Tax" |
