High Frequency Radio Network

High Frequency Radio Network

×  

Follow This Show

If you liked this show, you should follow High Frequency Radio Network.

ITS ALL A TAX- THE IRS

Broadcast in Education

Call in to speak with the host

(424) 222-5250

h:401477
s:5455693
archived

TAX
tax,n. A monetary charge imposed by the government on persons, entities, transactions, or property to yield public revenue. • Most broadly, the term embraces all governmental impositions on the person, property, privileges, occupations, and enjoyment of the people, and includes duties, imposts, and excises. Although a tax is often thought of as being pecuniary in nature, it is not necessarily payable in money. [Cases: Internal Revenue 3001; Taxation 1, 856.1, 906.11, 931, 1201. C.J.S. Internal Revenue § 2; Taxation §§ 1–3, 5–6, 1693, 1783–1785, 1792, 1990, 1993.] — tax,vb.


“Taxes are the enforced proportional contributions from persons and property, levied by the state by virtue of its sovereignty for the support of government and for all public needs. This definition of taxes, often referred to as ‘Cooley's definition,’ has been quoted and indorsed, or approved, expressly or otherwise, by many different courts. While this definition of taxes characterizes them as ‘contributions,’ other definitions refer to them as ‘imposts,’ ‘duty or impost,’
‘charges,’ ‘burdens,’ or ‘exactions'; but these variations in phraseology are of no practical importance.” 1 Thomas M. Cooley, The Law of Taxation§ 1, at 61–63 (Clark A. Nichols ed., 4th ed. 1924).

WAR CONTRIBUTION
war contribution.Int'l law. An extraordinary payment imposed by an occupying power on thenpopulation of an occupied territory during wartime. — Often shortened to contribution.

Comments

 comments