Let's Tax-e-Talk

With education costs rising and the burden of student loans, there might be tax incentives, deductions, or relief measures focused on assisting the middle class in managing education-related expenses.

As global concerns about climate change grow, there’s increased interest in environmental taxes or levies to discourage carbon emissions and promote sustainable practices.

The pandemic-induced shift to remote work has raised several tax questions. For example, employees working from different states or countries might face double taxation or new tax obligations, leading to discussions around how jurisdictions should tax remote workers.

As you cruise down the avenues of taxation, you’re bound to encounter two signposts that might seem similar at a glance but lead to vastly different destinations: tax evasion and tax avoidance. Just like confusing your left from your right in a taxi can lead to unintended detours, mixing up these two concepts can have serious implications.

In the hustle and bustle of city life, there’s a palpable rhythm. Just as a taxi meter keeps ticking, reminding us that time is of the essence, tax deadlines in the U.S. operate with the same relentless punctuality.

When we hear the word ‘taxi,’ we envision a journey, a progression from one point to another. U.S. taxation, with its storied past, has embarked on its own intriguing journey. Let’s buckle up and delve into the history of taxes in the United States.