X-Nico

2 unusual facts about Income Tax


Proposal for the Province of Toronto

Glen Murray has stated that Canadian cities must rely on property taxes, as they have no ability to enact other taxes or collect income or consumption taxes.

Ursula Kathleen Hicks

Her 1946 paper argued against economic usefulness of the distinction between direct taxes and indirect tax (as to who the nominal payer is) versus taxes on income and expenditures (outlays), a distinction now recognized in national accounting.


2006 Canadian federal budget

Among the most notable elements of the federal budget were its reduction of the Goods and Services Tax by one percentage point, income tax cuts for middle-income earners, and $1,200-per-child childcare payment (the "Universal Child Care Benefit") for Canadian parents.

British Columbia Family Maintenance Enforcement Program

Administrative enforcement actions include Notices of Attachment, which require the garnishment of wages and other sources of income or the interception of federal payments (such as employment insurance benefits and income tax returns), reporting arrears to the credit bureau, refusing to issue or renew a payor’s driver’s license, and placing a lien on a payor's land or personal property.

C. G. H. Simon

G. H. Simon, was a British General Commissioner of Income Tax.

Commonwealth Secretariat

All members of staff are exempt from income tax, under the International Organisations Act 2005, which redefined the legal status of the Secretariat.

Commonwealth Secretariat Act 1966

Until the International Organisations Act 2005, the act did not grant employees of the Secretariat exemption from paying income tax, but this was granted with the passage of the later act.

Primary residence

A primary residence is considered to be a legal residence for the purpose of income tax and/or acquiring a mortgage.

Simeon S. Willis

Infighting among the state's Democrats combined with Willis's popular proposal to eliminate the state income tax carried him to a narrow victory over J. Lyter Donaldson.

Tax protester 861 argument

The 861 argument is a statutory argument used by tax protesters in the United States, which interprets a portion of the tax code as invalidating certain applications of income tax.

The Law that Never Was

The Law That Never Was: The Fraud of the 16th Amendment and Personal Income Tax is a 1985 book by William J. Benson and Martin J. "Red" Beckman which claims that the Sixteenth Amendment to the United States Constitution, commonly known as the income tax amendment, was never properly ratified.

Ultra trust

An Ultra Trust is a legal entity with special provisions, benefits, and limitations created and drafted by an attorney who has expertise with debtor—creditor law, income tax law, gift tax law, and estate tax law, as well as trust law.


see also

1049 5th Avenue

After moving his broadcast operation to Palm Beach, Florida in the late 1990s, Limbaugh railed on his program about high state income tax rates in New York.

Arthur Gore, 5th Earl of Arran

He was appointed High Sheriff of Donegal in 1863.He was an Attaché at the British embassies in Hanover, Stuttgart, Lisbon and Paris as well as a Special Commissioner for Income Tax from 1865 to 1881 and a Commissioner of Customs from 1883 to 1884.

Brancacci Chapel

The whole appears to be related to the establishment of the Catasto, the first income tax in Florence, in the time the painting was being executed.

Director-general

In India, there is a Director General of Police and Director General of Income Tax in each state.

Harry A. DeMaso

” In 1983 with Michigan mired in a recession and facing declining tax revenue, then Governor James Blanchard proposed a controversial income tax hike in order to maintain government spending.

Imputation

Dividend imputation, a method of attributing a company's income tax to its shareholders

Louis DeLuca

He has announced his opposition to the proposal of Governor Jodi Rell to increase the state income tax to pay for added education funding.

Maximum wage

In his 2000 run for the Green Party presidential nomination, Jello Biafra called for a maximum wage of $100,000 in the United States, and the reduction of the income tax to zero for all income below that level.

Mortgage investment corporation

Shares of a MIC are qualified investments under the Income Tax Act (Canada) for RDSPs, RRSPs, RRIFs, TFSAs, or RESPs.

Nungambakkam High Road

Important institutional spaces located on this road include the Southern India regional council of Institute of Chartered Accountants of India, Ayakar Bhavan (Office of Income tax department), Office of Central Excise and Customs and financial institutions like ICICI Bank and ABN Amro Bank,Yes Bank, Siemens office, The Park Hotel.

Optimal tax

Arnold Harberger is another economist who made strong headway in the area of optimal taxation and whose theory has become a commonly used one for policy makers in the area of corporation income tax.

Ravi Shankaran

Shankaran was a London based NRI business man and is the only one to have escaped the dragnet of the Income Tax, CBI and Interpol for his role in masterminding now what is known as the Navy War Room Leak Case.

Tax per head

Another income tax statute in 1894 was overturned in Pollock v. Farmers' Loan & Trust Co. in 1895, where the Supreme Court held that income taxes on income from property, such as rent income, interest income, and dividend income (but not income taxes on income from wages, employment, etc.) were to be treated as direct taxes.

Tax protester arguments

Arguments made by tax protesters generally deal with the U.S. federal income tax and not with other taxes such as the gift tax, estate tax, sales tax, and property tax (although some tax protesters have attacked the last category under allodial title claims).

The Wealthy Barber

Subsequent chapters discuss wills and life insurance, RRSPs, buying a home, income tax and saving and spending.

Vishwa Bandhu Gupta

An IRS officer of the 1976 batch he was suspended by then Finance Minister of India Yashwant Sinha for his alleged claims against the corruption in the Income Tax Department.

Walpole Vidal

He was also very active in local public affairs in Devon, as chairman of Abbotsham Parish Council, member of Bideford Rural District Council, vice-chairman of Bideford Board of Guardians, member of Devon County Education Committee and a local Commissioner for Income Tax.

William Terrell Hodges

Hodges presided over the 2008 trial of celebrity actor Wesley Snipes for failure to file personal income tax returns (Not to be confused with tax evasion).

William Walsingham, Jr.

In January 1953, Saigh was forced to dispose of the Cardinals after his conviction on income tax charges.