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April 14, 2013

In case you didn’t have a 1913 edition of the income tax forms lying around, here’s the full thing. It’s just four pages. (via Fark)

14:54 // 1 year ago
June 7, 2012
Tax refugee? Singer Lauryn Hill faces unpaid tax charges
Former Fugees singer and solo artist Lauryn Hill faces federal charges for failing to file her taxes for three straight years, from 2005-2007. According to federal prosecutors, Mrs. Hill earned more than $1.6 million during that time. If convicted of the charges, Mrs. Hill could face up to $100,000 in fines and a maximum sentence of one year in prison. Hill, who has toured somewhat heavily in recent years, hasn’t released a new studio album since her 1998 debut. (Photo via TonyFelgueiras) source
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Former Fugees singer and solo artist Lauryn Hill faces federal charges for failing to file her taxes for three straight years, from 2005-2007. According to federal prosecutors, Mrs. Hill earned more than $1.6 million during that time. If convicted of the charges, Mrs. Hill could face up to $100,000 in fines and a maximum sentence of one year in prison. Hill, who has toured somewhat heavily in recent years, hasn’t released a new studio album since her 1998 debut. (Photo via TonyFelgueiras) source

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17:52 // 1 year ago
October 9, 2011

Some among upper-middle class don’t pay income taxes, either

  • 4,025 number of people among the $75,000-$100,000 tax bracket who didn’t pay income taxes in 1996
  • 476,624 number of people among the same tax bracket who didn’t pay income taxes in 2009 … wait a second source

» Beyond numbers, into percentages: Now, if you break this down by percentages among tax brackets, it’s still a fairly small number — 1 percent of the total number, versus 76 percent of people who made less than $25,000. But there’s a difference here — the people making between $75,000 and $100,000 can generally afford to pay taxes, and they’re the largest-growing group of the bunch. Now, what’s the reason for all this? Well, between 1996 and 2009, a couple of presidents (whom you might know as Bush and Obama) enacted a series of changes to the tax code which effectively made it possible for more people to receive tax cuts that whittled the amount owed down to nothing. They most likely pay taxes in other ways — payroll and sales tax, for example — however. Force them to pay, you take money out of the pockets of the poor. So, what’s the balance?

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22:45 // 2 years ago