Tax Law Dictionary

Your Source For Understanding Tax Laws

Ron Paul

Ron Paul

“One thing is clear: The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.”

Robert A Heinlein

Robert A. Heinlein

“There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him.”


Ronald Reagan

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

Sri Mulyani Indrawati

Sri Mulyani Indrawati

"Changing much-cherished bank secrecy laws is worth the effort. Corruption, tax evasion, and the capture of natural resource revenues undermine the rule of law, weaken the social fabric, erode citizens' trust in institutions, fuel conflict and insecurity, and hamper job creation."

Why Do You Have To Pay Taxes?

Corporations must pay tax on their taxable income independently of their shareholders. Shareholders are also subject to tax on dividends received from corporations. By contrast, partnerships are not subject to income tax, but their partners calculate their taxes by including their shares of partnership items.