With a direct tax, you pay the tax to the entity that imposed it. Examples include income tax, real property tax, personal property tax, and taxes on assets, all of which are paid by an individual ...

For example, a California resident who buys a New York municipal bond would pay California income tax on that interest. These tax laws vary by state. For instance, some states, such as Wisconsin ...

If the foundation sells, it only pays 1.39% excise tax on the capital gains. Example: Investing $250,000 in a private foundation each year for five years, earning 8% annually, yields about $1.43 ...

A progressive tax structure allows low-income earners to pay a smaller proportion of their income as tax compared to high-income individuals, who are taxed at progressively higher rates.

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was depreciated beyond the straight-line method, the extra depreciation is taxed ...

“As long as it’s done legitimately and there’s no fraud, I’m OK with it,” said Ed Smith, senior tax and estate planner at Janney Montgomery Scott. Example: Investing $250,000 in a ...

A sin tax is intended to reduce consumer use of a particular product or activity. Public health officials worry about the harmful impact of alcohol, for example, on people’s lives. Too much ...