congress was granted the power to tax personal income in february 3, 1913.
congress was granted the power to tax personal income in february 3, 1913.
congress was granted the power to tax personal income in?
february 3 , 1913
Na
Na
personal income tax is often collected on a pay-as-you-earn basis, with small corrections made soon after the end of the tax year. these corrections take one of two forms: payments to the government, for taxpayers who have not paid enough during the tax year; and tax refunds from the government to those who have overpaid. income-tax systems will often have deductions available that reduces the total tax liability by reducing total taxable income. they may allow losses from one type of income to count against another. for example, a loss on the stock market may be deducted against taxes paid on wages. other tax systems may isolate the loss, such that business losses can only be deducted against business tax by carrying forward the loss to later tax years.
tax