Tax
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Madoff property heads to auction block in Fla....was listed for $8.75 million, sold for $9.41 million, according to records. The buyer also paid property transfer taxes of $37,640 and a mansion tax of $94,100. Madoff's personal belongings up for auction in NYC As Bernard Madoff sits in... In this article: Bernard Madoff, U.S. Marshals Service, Tax, Florida, Manhattan, Fort Lauderdale, North Carolina, and Vornado Realty Trust |
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San Jose Mercury News | November 03, 2009
Bill in Senate includes tax relief for small investors hurt by Madoff
Bill in Senate includes tax relief for small investors hurt by Madoff Updated: 11/03/2009 02:37:53 PM PST WASHINGTON - Tax relief for thousands of small, indirect investors in Bernard Madoff's swindle and other fraudulent schemes appears...
In this article: Bernard Madoff, Unemployment, Internal Revenue Service, Nasdaq, Charles Schumer, Hollywood, and Washington
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Miami Herald - Breaking News | November 13, 2009
Spoils of Madoff's feast go on the auction block
...transfer taxes of $37,640 and a mansion tax of $94,100. NEW YORK -- They're the spoils of a feast that's over forever: Bernard Madoff's stuff on a government auction block. Almost 200 items seized from the fallen financier's homes are...
In this article: Bernard Madoff, Manhattan, U.S. Marshals Service, Rolex, New York Mets, and Red velvet
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Ex-Madoff computer programmers arrested
...the SEC could still have taken simple steps that would have easily discovered the deception. Tax relief for small Madoff investors eyed Tax relief for thousands of small, indirect investors in Bernard Madoff's swindle and other...
In this article: Bernard Madoff, SEC, Frank DiPascali, Unemployment, and Manhattan
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Centre Daily Times | November 03, 2009
Tax relief for small Madoff investors eyed
...biggest Ponzi scheme ever. Madoff investors should have paid taxes on earnings from their "feeder fund" investments through the years - the scheme stretched from the early 1990s to Madoff's arrest in December. Given that some of those were...
In this article: Bernard Madoff, Unemployment, Internal Revenue Service, Nasdaq, Charles Schumer, Hollywood, Washington, and North Carolina
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Boston Globe -- Today's paper A to Z | November 03, 2009
Feeder fund investors may get tax relief
...not eligible for the tax break. Madoff investors should have paid taxes on earnings from their "feeder fund'' investments through the years - the scheme from the early 1990s to his arrest in December. Given that some of those were...
In this article: Bernard Madoff, Unemployment, Internal Revenue Service, Charles Schumer, Washington, and New York
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New York Business | November 03, 2009
NY senator pushes for Madoff-related tax relief
...late Tuesday or Wednesday. The Internal Revenue Service issued guidelines in March that allowed tax relief and refunds for victims of Ponzi schemes like Mr. Madoff's, in which investors are paid with other investors' money rather than...
In this article: Bernard Madoff, Unemployment, Internal Revenue Service, Charles Schumer, All rights reserved, and Nasdaq
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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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