Income tax is used by the government to create programs that sustain us as a people on a national level. Specifically, income tax is used mostly (53%) for social security, followed by defense/army, municipal, and enforement of law. The exac...
http://wiki.answers.com/Q/What_is_the_purpose_of_income...
Business Accounting and Bookkeeping question: What is the purpose of income tax act of canada ITA Section 1253? There is no section 1253 in the ITA. ... Discuss the question "What is the purpose of income tax act of canada ITA Section 1253?"
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Tax - Wikipedia, the free encyclopedia
To tax (from the Latin taxare : to estimate, which in turn is from tangere : to touch) is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state ...
en.wikipedia.org/wiki/Tax
I'm right with you lookout. It bothers me when people want the government to solve all of their problems and think nothing of the fact that the government is so inefficient with our tax dollars it's absurd. For example, lets compare the g...
http://cellar.org/showthread.php?p=547622
In 1862, in order to support the Civil War effort, Congress enacted the nation's first income tax law. It was a forerunner of ... The act's purpose was to reduce by approximately $496 billion the federal deficit that would otherwise accumulate in fiscal years 1994 through 1998. In 1997, Clinton signed another tax act.
www.infoplease.com/ipa/A0005921.html
Some Americans even believe it's their "patriotic duty" to pay a federal income tax. If income tax revenue was actually spent on what the U.S. Government would have us believe, there would be no organization such as ours.
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U.S. Code collection ... LII has no control over and does not endorse any external Internet site that contains links to or references LII.
www.law.cornell.edu/uscode/uscode26/usc_sec_26_00000533... www.law.cornell.edu/uscode/uscode26/usc_sec_26_00000533----000-notes.html
For purposes of section 532, the fact that the earnings and profits of a corporation are permitted to accumulate beyond the reasonable needs of the business shall be determinative of the purpose to avoid the income tax with respect to shareholders, unless the corporation by the preponderance of the evidence shall prove...
www4.law.cornell.edu/uscode/26/533.html
Common Law Definition of Charitable Purpose ... Charities receive preferential treatment under the Income Tax Act(1) (ITA). Not only is the income of a charity exempt from taxation, but a charity can issue charitable receipts to donors, who are in turn allowed to deduct amounts from their personal income tax.
www.parl.gc.ca/information/library/PRBpubs/prb0590-e.ht... www.parl.gc.ca/information/library/PRBpubs/prb0590-e.htm