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Statute Definition & Examples

Statute Definition & Examples

89K viewsJan 19, 2018

Study.comAmy Bonn

Most Americans are told that 26 U.S.C. § 1 is “the law that imposes the income tax.” Here’s what they don’t tell you: 1. § 1 doesn’t impose a tax on people. It taxes taxable income, which must first exist by definition and jurisdiction. 2. § 1 doesn’t define taxable income or who must file. Those definitions are in §§ 61, 63, 6001, 6012, 6151 — and none create a universal duty. 3. § 1 is NOT a liability statute. It never identifies: • who is liable • why they’re liable • what jurisdiction applie

Most Americans are told that 26 U.S.C. § 1 is “the law that impose…

21.8K views1 month ago

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Tax Liability: Definition, Calculation, and Example

Tax Liability: Definition, Calculation, and Example

investopedia.com

What Is a Transfer Tax? Definition and How It Works With Inheritances

What Is a Transfer Tax? Definition and How It Works With Inheritances

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What is law - Nature and Scope of Law - Schools of Law

What is law - Nature and Scope of Law - Schools of Law

60.1K viewsOct 13, 2018

77 reactions · 37 shares | Conflicting social media posts are causing some confusion about tax laws. In this week’s Legal Lens segment, Brown & Crouppen Law Firm attorney Andrea McNairy looks at what the laws states when it comes to paying taxes and the penalties for failing to do so. #LegalLens #sponsored | Fox2Now | Facebook

77 reactions · 37 shares | Conflicting social media posts are causing so…

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A Brief History of Taxes in the U.S.

A Brief History of Taxes in the U.S.

investopedia.com

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