A look back at tax law, IRS history, and the stories behind how we got the tax system we have today.
We have a winner! See comments! Our next tax trivia question is: In the mid-50s, Congress passed a law stating that Social Security benefits were not “rights” and could be taken away for a number of reasons, including deportation. Shortly thereafter, a resident alien who paid taxes into the Social Security system was eventually denied…
We have a winner! See comments! Our next tax trivia question is: The IRS announced this month that they would no longer be using the private collections companies authorized during the Bush administration. The Bush administration was not the first to have tried using private companies for collection. Which former President also authorized private companies…
We have a winner! See comments! Our next tax trivia question is: Beginning in the early 19th century, the US did not impose any direct taxes on income for nearly 50 years. Other than occasional excise taxes, what was biggest revenue raiser for the US during that time? Don’t forget: the first correct answer wins…
We have a winner! See comments! Our next tax trivia question is: Who was President of the US when the first federal estate tax was adopted? Don’t forget: the first correct answer wins free CCH tax prep software. What’s your guess?
We have a winner! See comments! Our next tax trivia question is: The largest tax return in history was filed electronically in 2006. The 237 MB return, filed by GE, would have been more than 24,000 pages if printed. If those pages were laid head to head, how many miles would they cover? Don’t forget:…
We have a winner! See comments! Today’s tax trivia question is: In 1861, Congress instituted the first US federal income tax in order to raise revenue to pay for the Civil War. What was the top tax rate at that time? Don’t forget: the first correct answer wins free CCH tax prep software. What’s your…
Today, we celebrate the life of Martin Luther King, Jr. To honor the day, I am reposting something that I wrote around this time last year. It remains one of my favorite posts. Enjoy! — I’ll be frank. I don’t always love being a lawyer. When I was a little girl, I used to watch…
Wrapping up my series of presidential tax quotes (which was great fun to do), here’s my final quote for you to guess the speaker: #5: I am a tariff man, standing on a tariff platform.
Just two more quotes on my list of presidential quotes… #4: Taxes, after all, are dues that we pay for the privileges of membership in an organized society. Guesses as to who said this?
So it’s not exactly President’s Day, but I have a few more quotes up my sleeve. Guess which President said: #3: Let me tell you my thoughts about tax relief. When your economy is kind of ooching along, it’s important to let people have more of their own money.