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Ny State Taxes Article
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A Take on Federal Income Taxes
from:Were it not for federal income taxes many of the benefits that people depend on, such as roads, schools or even programs like Medicare and Social Security could not exist. Federal income taxes are levied against the earnings of individuals and businesses on an annual basis. The only persons not required to file are those who fail to meet the minimum earning requirement for taxation. While the complex structure of tax systems and codes can seem somewhat daunting, professional tax preparers can help make the filing process much easier. Other aspects that have made filing easier are the introduction of shorter forms, easier instructions and online filing programs.
The current system of federal income taxes evolved from a long history of tax systems that were rather primitive in concept. Because the vast majority of early civilizations did not have a financial structure based on money, contributions typically came in the form of goods such as grain, animals or other services. The system for keeping track of distributions was also primitive and the burdens could be quite heavy, especially on those who were not in a position to contribute. It was not uncommon for those who could not pay their taxes to be imprisoned or, more commonly, be forced into slavery to pay their debts.
While those who deliberately avoid paying their federal income taxes can still face imprisonment, the use of slavery or any other inhumane treatment has drifted out of existence. In fact, even in recent times the use of imprisonment is only applied as a last resort. Contrary to popular belief, the IRS and other like agencies prefer to work out viable payment arrangements with those who have a tax debt. A majority of the time, tax debts are the result of small mistakes that were in no way deceptive on the part of the debtor. With an approved payment arrangement, the debt is often paid off in no time.
When it comes to federal income taxes, nearly every country in the world has some sort of system, whether it is proportional, progressive or regressive. Each year, more and more taxpayers file their federal income taxes using convenient online filing programs. This quick and easy option is not only favored by taxpayers but the IRS also. Cutting down on paperwork not only allows returns to be filed faster but refund checks can also be disbursed quicker. While many dislike having to file taxes, it is no longer the stressful event it used to be. Both federal and state income taxes can be filed in one sitting.
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Ny State Taxes News
Heated words, but no action on budget cuts - Daily Gazette
Gov. David Paterson, center, Senate Majority Leader Dean Skelos, left, and Assembly Speaker Sheldon Silver prepare for a legislative leaders meeting at the Capitol in Albany on Tuesday. CAPITOL — Gov. David Paterson and more than 200 legislators ...
Read more...To help stop budget bleeding, raise taxes on the rich - New York Daily News
After a week of posturing and finger-pointing in Albany , New York is still staring at a growing budget deficit and no consensus on how to fix it. Tuesday, legislative leaders balked at passing Gov. Paterson 's proposed $5.2 billion in spending ...
Read more...Babylon sits on $54M, plans to raise taxes - Newsday
Babylon is sitting on a pile of cash, about $54 million, that the state comptroller said could be used to cut property taxes. But Supervisor Steven Bellone is proposing to raise town taxes next year by more than 9 percent in the midst of the nation's ...
Read more...Proposed Westchester spending down, taxes up - Newsday
WHITE PLAINS, N.Y. - Westchester County Executive Andrew Spano proposed a slightly smaller 2009 budget Friday, but shortfalls in revenue would mean a nearly 3 percent increase in county property taxes anyway. Spano said the budget anticipates a $26 ...
Read more...Siena releases poll on NY's fiscal issues, governor, president-elect - News 10 Now
LOUDONVILLE, N.Y. -- New Yorkers don't want the state to raise taxes or borrow money. Three-quarters of voters polled by the Siena Research Institute think the state budget gap should be closed by cutting spending. Those polled, however, didn't offer ...
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