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The courts have generally held that direct taxes are limited to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Company. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) All other taxes are known as "indirect taxes," basically because they tax an event, rather than human being or property as such. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What got a straightforward limitation on the power of the legislature based on the main topic of the tax proved inexact and unclear when applied for income tax, which is certainly arguably viewed either as a direct or an indirect tax.

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B) Interest earned, nevertheless paid, throughout a bond year, must be accrued following the bond year and reported as taxable income for your calendar year in the fact that the bond year ends.

The best thing is tax arrears can be discharged in bankruptcy. Discharged simply means the debts are canceled and should not be collected now or even the possible future. The bad news quite simply must meet a quantity of criteria duplicate one book court with give the government the boot. So, what are standards?

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