Most people aren’t big fans of a national income tax, but it was on this day back in 1861 that the first one was levied by the new President, Abraham Lincoln.
April 15 is usually marked each year as the traditional day people need to file their taxes, so it’s not exactly celebrated as a holiday. But how did April 15 become the big day--and how did we get the IRS in the first place?
Today we celebrate a constitutional ratification twofer: the 15th Amendment (ratified February 3, 1870) and the 16th Amendment (ratified February 3, 1913). Here’s what you need to know.
Despite several years of strong lobbying and legislative efforts, the supporters of a national Internet sales tax won’t be getting that as a gift this holiday season.
The price you pay for items bought on the Internet could be heading up, after the U.S. Supreme Court decided on Monday to stay out of a fight over adding Internet sales taxes to consumer purchases.
On Tuesday, the Supreme Court will debate, behind closed doors, if Americans should be forced to pay a sales tax on almost items they buy on the Internet.
Ronald Coase, who died on Monday at the age of 102, was one of the most influential thinkers in American law during the past century, even though he was an economist, not a lawyer.
A group called TIGTA has reportedly found that Internal Revenue Service workers targeted non-profits associated with the Tea Party and groups involved in “educating on the Constitution and Bill of Rights.” So what is TIGTA and how powerful is it?
Most Americans could pay more local and state sales taxes on items they buy online if pro-tax forces win a fight in Congress underway this week. But will the bill run afoul of the same constitutional problem that affected the health care decision last June?
The Speaker of the House, John Boehner, is teetering on the edge of the dreaded Washington fiscal cliff. And the big question is if the speaker can become a hero by brokering a deal, or wind up as collateral damage in an epic political fight.