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Doug Smith's Articles in Tax Management

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What Is The Fair Tax And Why Should You Care? The U.S. Federal Income Tax Code is a tax on the income of American companies and citizens enacted by the government. The U.S. Constitution gives Congress the power to impose taxes, duties, imposts, and excises. The purpose of the Tax Code is to provide income for the operation of the government. The Tax Code is found in Title 26 of the U.S. Code of Federal Regulations (CFR). Any U.S. citizen who has filled out a federal tax return knows how confusing the current U.S. T... A Brief History Of The U.S. Income Tax Introduction The U.S. Federal Income Tax Code requires American corporations and citizens to pay a percentage of their income (earnings) to the government. This income tax provides for the operation of the government. The current Tax Code is found in Title 26 of the U.S. Code of Federal Regulations (CFR), as amended. A Clause For Alarm The Taxing and Spending Clause of the U.S. Constitution is found in Article I, Section 3, Clause 1. This article gave Congress the po...

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