Yes. Income tax is a direct tax. Individuals and businesses pay direct taxes to the government on a regular basis and it is calculated on all sources of income accrued by the business or individual.
Assuming you amended your return to request the 1st time home buyer credit it takes the IRS approx. 10-16 weeks to process an amended return. This is because amended returns are worked differently....
Excise taxes are regressive taxes. Say a rich person and a poor person buy the same amount of cigarettes and pay the same cost (the excise tax does not change with income level). The tax assesed on...