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In United States politics, the gas tax holiday or the gas tax loophole was originally a 2008 proposal made by presidential contenders Arizona Senator John McCain and New York Senator Hillary Clinton to suspend the federal excise tax on gasoline from Memorial Day to Labor Day in the year 2008. Proponents argued that this could reduce the gas ...
In the United States, Tax Day is the day on which individual income tax returns are due to be submitted to the federal government. [3] Since 1955, Tax Day has typically fallen on or just after April 15. Tax Day was first introduced in 1913, when the Sixteenth Amendment was ratified.
A number of Tea Party protests were held the weekend of July 4, 2009, coinciding with Independence Day. [99] [100] "The rally followed a national effort that drew thousands of activists to Tea Party events across the country on April 15, 2009, when income taxes are due." [101]
With each new year comes a new batch of tax rules and miscellaneous changes to the laws that taxpayers need to be aware of. There's no denying that the tax code in the United States is incredibly ...
I am one of the world's leading procrastinators. Last night I finished and hit "transmit" on my E-filed taxes at exactly 11:59 p.m. I had planned to do my taxes in February, of course, and then ...
So let's expose eight hidden taxes you probably didn't even know you were paying... 1. Gasoline tax. Next time you fork over big bucks at the gas pump, remember that you are paying nearly 46 cents ...
Tax Freedom Day. Tax Freedom Day is a concept developed and trademarked by American businessman Dallas Hostetler, which aims to calculate the first day of the year on which a nation as a whole has theoretically earned enough income to pay its taxes. Every dollar that is officially considered income by the government is counted, and every ...
Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]).
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