Search results
Results From The WOW.Com Content Network
The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges.
The Virginia Tax Review (VTR) is one of the oldest student-run law journals at the University of Virginia School of Law, and is the only journal at the Law School to deal exclusively with tax and corporate topics. It is consistently one of the most influential tax law journals, alongside the Tax Law Review and the Florida Tax Review. [1]
American Civil War (1861–65) George S. Boutwell was the first Commissioner of Internal Revenue under President Abraham Lincoln.. In July 1862, during the American Civil War, President Abraham Lincoln and Congress passed the Revenue Act of 1862, creating the office of Commissioner of Internal Revenue and enacting a temporary income tax to pay war expenses.
Updated November 4, 2023 at 1:22 AM. The state of Virginia is sending out tax rebate checks to qualified residents, just days before the state’s 2023 General Assembly elections. On Sept. 13 ...
An Act to reform the internal revenue laws of the United States. The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986. The Tax Reform Act of 1986 was the top domestic priority of President Reagan's second term. The act lowered federal income tax rates ...
RICHMOND, Va. (AP) — Trade associations representing hundreds of companies that do business in Virginia have come out swinging against a proposal to expand the state sales tax to cover digital ...
2017 tax reform. House Bill 1 (the Tax Cuts and Jobs Act of 2017) was released on November 2, 2017, by Chairman Kevin Brady of the House Ways and Means Committee. Its treatment of capital gains was comparable to current law, but it roughly doubled the standard deduction, while dropping personal exemptions in favor of a larger child tax credit.
Virginia. Headquarters. Richmond, Virginia. Employees. 430. Annual budget. $99.5m USD (2021) The Virginia Department of Taxation is the executive branch agency of the state government responsible for taxation in the state of Virginia in the United States. [1] [2] [3] [4]