excise taxes

The first attempt to impose an income tax on America occurred during the War of 1812. After more than two years of war, the federal government owed an unbelievable $100 million of debt. To pay for this, the government doubled the rates of its… Read the rest –>

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According to the IRS, each U.S. citizen is responsible for filing their tax return when required to do so by a bond known as a Voluntary Compliance. Fortunately, the majority of Americans comply in identifying and paying the correct amount of taxes to the… Read the rest –>

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