The IRS amnesty program for taxpayers who had previously failed to disclose income from offshore accounts ended last week on October 15. By all accounts,
Read MoreCategory: tax stats
Tax Or No Tax?
The good news: nearly 50% of American households (47%, to be precise) won’t pay any federal income tax in 2009. The bad news: the remaining
Read MoreTax Revenues Lowest Since Depression
The sky is falling! The sky is falling! Okay, not really. But revenues are falling. And it feels just as dramatic. As the economy slowly
Read MoreTax Trivia: Millionaires & Taxes
We have a winner! See comments! Our next tax trivia question is: For the 2006 tax year, which state’s population filed the fewest number of
Read MoreMore Than Half Of US Companies Pay No Income Tax
According to the Government Accountability Office, in any given year, at least 60% of US corporations surveyed paid no federal income tax liability for 1998
Read MoreNo Surprise Here: IRS Data Says More Taxpayers Filed In 2008
The IRS has reported that as of May 3, 2008, more tax returns had been processed than at the same time last year. How many
Read MoreAre Sales Tax Rates Going Up As The Economy Goes Down?
The semester before I left for law school, my best friend, Bren, and I packed our stuff into my old Buick Regal (the former family
Read MoreCall For Tax Papers
The IRS Statistics of Income Division has issued a request for paper for its 2008 conference to be held in Washington, DC. According to the
Read MoreFix The Tax Code Friday: Flat Tax
A number of the presidential candidates have suggested replacing the current tax system with a more simple program. It feels like it shouldn’t be hard
Read MoreWe’re Rich, We’re Rich!
Well, at least somebody is. The Treasury Department has reported that tax receipts from individuals hit a record one-day high of $48.7 billion on April
Read More