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A Brief History of Income Tax in America - Part 2

income tax, History of Income Tax | July 03, 2015

With the winning of the Revolution, the American colonies became the United States – and taxation became a much more local issue. But to this point, taxation – whether British or home-grown – was pretty straightforward. Taxes were levied on sales of products or on property. The tariff, a tax on imports or exports – became a popular vehicle. Taxing income, though, was still years away.

The fledgling Congress struggled with running a new nation; just paying the bills was a work in progress in those early days.

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A Brief History of Income Tax in America - Part 1

income tax, History of Income Tax | July 02, 2015

Taxes have always been a fact of life on the American continent, from the first day the Europeans landed here.  The only Americans who didn’t know taxes in those early days were the original residents – the Indian tribes who wondered what all the fuss was about in the first place.

But from the day the King of England and Parliament knew there were colonists on the ground in the New World, they were looking for a way to make them pad the Crown’s coffers.

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Care and Feeding of the Child and Dependent Care Tax Credit

taxes, income tax, tax credits, income tax return | June 29, 2015

Life these days can be a delicate balancing act if you have a job, but you also have young children who don’t go to school yet. Or you’re caring for a spouse or other dependent. Many times the only answer is to pay someone to care for your little bundle of joy while you’re on the job. If this scenario sounds familiar, the Child and Dependent Care Tax Credit could leave you smiling at the end of the workday.

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Feeding the Wolf

income tax | June 25, 2015

Back in the day, the term “keeping the wolf from the door” meant that we were paying our bills and keeping our heads above the financial waters. Nowadays, though, the imagery isn’t so clear cut.

For whatever reasons – and there are many – sometimes you end up with a balance due on your tax return. What can you do if you don’t have the money to pay?

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