Tax day is finally here and many people wonder what Schedule M is and if they need to fill it out for their tax return. It is part of the Making Work Pay tax credit where qualifying couples can get $ 800 and qualifying individual may receive $ 400. So that people could get that [...]
Raleigh NC Tax Preparation
A few days ago in a email news item I made the distinction that the Haiti disaster is now a qualified disaster according to the IRS (http://www.irs.gov/newsroom/article/0,,id=218615,00.html).
And I mentioned in that email, the IRS was rumoring that people would be able to take a deduction for contributions to Haiti on the current [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
So the question remains, what went wrong with the tax system in the United States?
US tax makers have been collecting what they have sown for a long time. The honor system has been replaced by a [...]
Raleigh NC Tax Preparation
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 - After Lincoln was elected, the South walks out of Congress and create the Confederacy with a new constitution to sustain the newly formed government power to tax in check.
1862 - The beginning of [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
“Slavery - the one cause of the Civil War.” - John Stuart Mill, 1862
Could there be any doubt concerning it? Certainly the American Civil War was about the slavery issue… wasn’t it? Well actually, one of [...]
Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Between 1868 to 1913, about 90% of the national government’s revenue was derived from taxes on alcohol and tobacco. While the Civil War was going on the government instituted a brief income tax, but it was [...]
Raleigh NC Accountant
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Ah…. now we have a historical event obviously concerning abusive taxes. Was the Boston Tea Party a protest against the British tax on tea, as we were told? No, not one bit. The colonies had continuously [...]
Raleigh NC CPA
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
There has been no modern revolution that was more deeply based in taxation. Taxation not only caused it, but assisted in providing unity for the unorganized and squabbling colonies. However, maybe not exactly the way you [...]
W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Mithridates the Great ruled a tiny nation near what is currently known as Turkey. He had an extraordinary ability to arouse discontent among disgruntled taxpayers. In 88 BC he led a rebellion fighting the Romans. By [...]
W. Marc Gilfillan
W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Now that we’re moving away from the Greeks, we finally are at the Roman Empire. Historians usually refer to Roman tax policy as “more or less organized robbery” and Roman tax collectors as “a bunch of [...]