Tax
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Sunday Perspective: California isn't worth it...expenditures in Texas were lower than in all but seven states. California ranked 10th in overall taxes levied by state and local governments, on a per-capita basis, Advertisement seven states with no individual income tax, was... In this article: California, Tax, Texas, Census Bureau, Recession, Beneficiary, Interlocking directorate, Chapman University, McKinsey & Co., and Joel Kotkin |
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San Francisco Chronicle | 17 hours ago
California adds 28 to top tax delinquents' list
California adds 28 to top tax delinquents' list Article:California adds 28 to top tax delinquents' list:/c/a/2009/11/25/BAL81AQIG4. DTL California adds 28 to top tax delinquents' list California tax collectors have added 28 names to...
In this article: California, Doing business as, and Dionne Warwick
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washingtonpost.com | 2 days ago
U.S. court bars promotion of stock sale tax scheme
...stock sale tax scheme WASHINGTON (Reuters) - A federal judge has barred the promotion of a scheme designed to help clients evade taxes on more than $1.25 billion in asset sales, the U.S. government said on Tuesday. The U.S. District Court...
In this article: United States, Injunction, and U.S. Treasury
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Guardian | 6 days ago
Students taught how to grow marijuana in Detroit's new cannabis college
...growing acceptance of the drug in large parts of the country. In the past week, the US's first marijuana cafe opened in Oregon and Colorado ordered cannabis sales subject to tax. The path was carved by California, where permission to buy...
In this article: Marijuana, Cannabis, Michigan, Detroit, AIDS, and Chronic pain
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AP Online | November 18, 2009
Colo. medical pot suppliers will have to pay taxes
...sales of $142 million in 2006. A bill to tax and regulate all marijuana use in California like alcohol would generate nearly $1.4 billion in revenue, according to an analysis released in July by tax officials. Couch said the revenue agency...
In this article: Marijuana, Colorado, John Suthers, Revenue, Denver, Chris Romer, and California
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Spartan Daily | 7 days ago
Oil tax for higher education gains support
...Oil Severance Tax." The former study stated that an oil severance tax would make California oil companies the most heavily taxed in the nation, taking into account other taxes such as property and corporate taxes. The latter study stated...
In this article: Alberto Torrico, California, California State University, LECG, and Pedro Nava
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L.A. Times - L.A. Now | November 18, 2009
Eight arrested at UC Regents meeting at UCLA
...wondering why property taxes in CA are among the lowest in the country. (yes. warren bufffet pays more taxes on his house in oklahoma than his house in california.) Posted by: chuck | November 18, 2009 at 02:04 PM "These cry babies can...
In this article: UCLA, California, GI Bill, Liberal arts, Misdemeanor, Recession, Waste, and Unemployment
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Rise in stock ownership among lawmakers brings ethics concerns
The lawmakers' holdings became a backdrop to the health-care debate in September when Baucus, chairman of the Senate Finance Committee, recommended the tax on medical devices as a way of raising about $40 billion over a decade. (After...
In this article: John F. Kerry, Fred Upton, Stryker, California, Harvard University, and Michigan
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Semtech to buy Sierra Monolithics for $180 million
...at up to $12 million. Semtech, which is based in Camarillo, Calif., said it will pay for the acquisition with cash reserves and expects to book a related one-time tax charge of $33 million in the third quarter of 2010. Semtech expects the...
In this article: Semtech Corp., Sierra, Revenue, California, Cloud computing, Camarillo, and Irvine
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Description from Wikipedia:
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 or the functional equivalent of a state.
Taxes are also imposed by many subnational entities. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid). A tax may be defined as a "pecuniary burden laid upon individuals or property to support the government […] a payment exacted by legislative authority." A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government […] whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name."
In modern taxation systems, taxes are levied in money, but in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents. The method of taxation and the government expenditure of taxes raised is often highly debated in politics and economics. Tax collection is performed by a government agency such as Canada Revenue Agency, the Internal Revenue Service (IRS) in the United States, or Her Majesty's Revenue and Customs (HMRC) in the UK. When taxes are not fully paid, civil penalties (such as fines or forfeiture) or criminal penalties (such as incarceration) may be imposed on the non-paying entity or individual.
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