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Intellectual Property Rights

Portions of this site are subject to the following copyrights: Infoplease, Information Please, Fact Monster, and the Information Please Almanac Copyright © 2000–2017 Sandbox Networks, Inc.,…

zakat

(Encyclopedia) zakatzakatzə-kätˈ [key] [Arab.,=purification], Islamic religious tax, one of the five basic requirements (arkan or “pillars”) of Islam. All adult Muslims of sound mind and body with a…

Brewer's: Nose Tax

(The). In the ninth century the Danes imposed on Irish houses a poll tax, historically called the “Nose Tax,” because those who neglected to pay the ounce of gold were punished by having…

Corporate Tax Rates

Most large corporations are classified as C corporations and are required to file a federal corporate income tax return with the IRS every year. There are four basic rates—15%, 25%, 34%, and…

State Taxes on Individuals

The following table shows the percent of sales and income tax on individuals for each state, according to Tax Foundation data. State Sales/use tax (percent)1 Income…

The Federal Income Tax

The Question: When did the people start paying federal income tax? The Answer: According to the History of the Income Tax in our almanac, the…

The Processing of a Tax Refund

The Question: How long does it take to receive a tax refund from the IRS? The Answer: According to the Internal Revenue Service, it…

Auditing Tax Returns

Most taxpayers' contacts with the IRS arise through the auditing of their tax returns. The service has been empowered by Congress to inquire about all persons who may be liable for any tax…