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Tax Evasion In The United States
Under the federal law of the United States of America, tax evasion or tax fraud, is the purposeful illegal attempt of a taxpayer to evade assessment or payment of a tax imposed by Federal law. Conviction of tax evasion may result in fines and imprisonment. Compared to other countries, Americans are more likely to pay their taxes on time and law-abidingly. Tax evasion is separate from tax avoidance, which is the legal utilization of the tax regime to one's own advantage in order to reduce the amount of tax that is payable by means that are within the law. For example, a person can legally avoid some taxes by refusing to earn more taxable income, or by buying fewer things subject to sales taxes. Tax evasion is illegal, while tax avoidance is legal. In ''Gregory v. Helvering'' the US Supreme Court concurred with Judge Learned Hand's statement that: "Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Toledo News-Bee, April 24, 1916
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of pronoun ''thee'') when followed by a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charitable Contribution Deductions In The United States
Charitable contribution deductions for United States Federal Income Tax purposes are defined in section 170(c) of the Internal Revenue Code as contributions to or for the use of certain nonprofit enterprises. Exclusions of certain amounts from deduction Certain portions of the market value of non-cash donations, such as short-term capital gains, are made non-deductible by I.R.C. 170(e)(1)(A). Organization eligibility An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows: *Synagogues, churches and other religious organizations; *A fraternal order or lodge *An organization of war veterans *Any level of government if the contribution is made for exclusively public purposes *An organization de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Syphilis
Syphilis () is a sexually transmitted infection caused by the bacterium ''Treponema pallidum'' subspecies ''pallidum''. The signs and symptoms of syphilis vary depending in which of the four stages it presents (primary, secondary, latent, and tertiary). The primary stage classically presents with a single chancre (a firm, painless, non-itchy skin ulceration usually between 1 cm and 2 cm in diameter) though there may be multiple sores. In secondary syphilis, a diffuse rash occurs, which frequently involves the palms of the hands and soles of the feet. There may also be sores in the mouth or vagina. In latent syphilis, which can last for years, there are few or no symptoms. In tertiary syphilis, there are gummas (soft, non-cancerous growths), neurological problems, or heart symptoms. Syphilis has been known as "the great imitator" as it may cause symptoms similar to many other diseases. Syphilis is most commonly spread through sexual activity. It may also be transmi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcatraz Island
Alcatraz Island () is a small island in San Francisco Bay, offshore from San Francisco, California, United States. The island was developed in the mid-19th century with facilities for a lighthouse, a military fortification, and a military prison. In 1934, the island was converted into a federal prison, Alcatraz Federal Penitentiary. The strong currents around the island and cold water temperatures made escape nearly impossible, and the prison became one of the most notorious in American history. The prison closed in 1963, and the island is now a major tourist attraction. Beginning in November 1969, the island was occupied for more than 19 months by a group of Native Americans, initially primarily from San Francisco, who were later joined by AIM and other urban Indians from other parts of the country, who were part of a wave of Native American activists organizing public protests across the US through the 1970s. In 1972, Alcatraz was transferred to the Department of Interior ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whistle Blower
A whistleblower (also written as whistle-blower or whistle blower) is a person, often an employee, who reveals information about activity within a private or public organization that is deemed illegal, immoral, illicit, unsafe or fraudulent. Whistleblowers can use a variety of internal or external channels to communicate information or allegations. Over 83% of whistleblowers report internally to a supervisor, human resources, compliance, or a neutral third party within the company, hoping that the company will address and correct the issues. A whistleblower can also bring allegations to light by communicating with external entities, such as the media, government, or law enforcement. Whistleblowing can occur in either the private sector or the public sector. Retaliation is a real risk for whistleblowers, who often pay a heavy price for blowing the whistle. The most common form of retaliation is abrupt termination of employment. However, several other actions may also be conside ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whistleblower Office
The IRS Whistleblower Office is a branch of the United States Internal Revenue Service that will "process tips received from individuals, who spot tax problems in their workplace, while conducting day-to-day personal business or anywhere else they may be encountered." Tipsters should use IRForm 211to make a claim. History and operations The program has existed since the 1800s in various forms and is intended to uncover companies and individuals who are underpaying their taxes or otherwise committing tax fraud. To motivate people to notify the IRS of first-hand knowledge of tax-evasion schemes, such as improper tax shelters or transfer pricing abuse, the U.S. Congress directed the IRS to pay tipsters at least 15% and as much as 30% of taxes, penalties, and interest collected in cases where $2 million or more is at stake. 2006 Amendments Establishing the Whistleblower Office Section 406 of the Tax Relief and Health Care Act of 2006 and Section 7623(b) of the Internal Revenue Code f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Relief And Health Care Act Of 2006
The Tax Relief and Health Care Act of 2006 (, ), includes a package of tax extenders, provisions affecting health savings accounts and other provisions in the United States. Tax provisions Extenders The Act retroactively extended for two years (through December 31, 2007) certain provisions that had expired at the end of 2005, including: * Above the line deduction for qualified tuition and higher education expenses * Elective itemized deduction for state and local general sales taxes (in lieu of a deduction for state and local income taxes) * Research credit * For tax years ending after December 31, 2006, the Act also modifies the rules for calculating the research credit: it increases the rates of the alternative incremental credit and creates a new alternative simplified credit * Work opportunity tax credit, welfare-to-work tax credit * Tax credit for Qualified Zone Academy Bonds * Up to $250 above-the-line deduction for certain expenses of elementary and secondary school te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estimates Of Lost Government Revenue
{{otheruses, Estimate (other) In the Westminster system of government, the ''Estimates'' are an outline of government spending for the following fiscal year presented by the cabinet to parliament. The Estimates are drawn up by bureaucrats in the finance ministry in collaboration with cabinet ministers. They consist of detailed reports on how each department or ministry will spend its money. The estimates are normally introduced in the responsible chamber (the lower house in bicameral parliaments) just prior to the main Budget Day, which gives them time to be analyzed by House committees. Unlike the budget, the estimates contain no references to fiscal policy, long-term goals, or funding. After each section is reviewed by the relevant committee the entire Estimates are voted on as one bill. Defeat on the vote is treated as loss of supply Loss of supply occurs where a government in a parliamentary democracy using the Westminster System or a system derived from it i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slemrod, Joel
Joel Brian Slemrod (born July 14, 1951) is an American economist and academic, currently serving as a professor of economics at the University of Michigan and the Paul W. McCracken Collegiate Professor of Business Economics and Public Policy at the Stephen M. Ross School of Business at the University of Michigan. Education He earned a Bachelor of Arts degree from Princeton University in 1973 and a Ph.D. in economics from Harvard University in 1980. Career Slemrod has served on the faculty of the University of Michigan since 1987, and does research on taxation, with a focus on taxation of personal income. He is co-author of ''Taxing Ourselves: A Citizen's Guide to the Great Debate over Tax Reform'' and the editor of Does Atlas Shrug? The Economic Consequences of Taxing the Rich. Slemrod also serves as Director of the Office of Tax Policy Research, which is a research center at the University of Michigan on matters of tax policy. In 2001, Slemrod shared an Ig Nobel Prize with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
20220826 Share Of Unpaid Taxes, By Income Level - Area Chart, Treemap - NYTimes - Dept Of Treasury
8 (eight) is the natural number following 7 and preceding 9. In mathematics 8 is: * a composite number, its proper divisors being , , and . It is twice 4 or four times 2. * a power of two, being 2 (two cubed), and is the first number of the form , being an integer greater than 1. * the first number which is neither prime nor semiprime. * the base of the octal number system, which is mostly used with computers. In octal, one digit represents three bits. In modern computers, a byte is a grouping of eight bits, also called an octet. * a Fibonacci number, being plus . The next Fibonacci number is . 8 is the only positive Fibonacci number, aside from 1, that is a perfect cube. * the only nonzero perfect power that is one less than another perfect power, by Mihăilescu's Theorem. * the order of the smallest non-abelian group all of whose subgroups are normal. * the dimension of the octonions and is the highest possible dimension of a normed division algebra. * the first number ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Capone
Alphonse Gabriel Capone (; January 17, 1899 – January 25, 1947), sometimes known by the nickname "Scarface", was an American gangster and businessman who attained notoriety during the Prohibition era as the co-founder and boss of the Chicago Outfit. His seven-year reign as a crime boss ended when he went to prison at the age of 33. Capone was born in New York City in 1899 to Italian immigrants. He joined the Five Points Gang as a teenager and became a bouncer in organized crime premises such as brothels. In his early twenties, he moved to Chicago and became a bodyguard and trusted factotum for Johnny Torrio, head of a criminal syndicate that illegally supplied alcohol—the forerunner of the Outfit—and was politically protected through the Unione Siciliana. A conflict with the North Side Gang was instrumental in Capone's rise and fall. Torrio went into retirement after North Side gunmen almost killed him, handing control to Capone. Capone expanded the bootlegging b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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