What constitutes prohibitive taxes?

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....

A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

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...

Direct tax;the simple definition of a direct tax is one that you have no choice in paying.it is the direct form of taxation from the state level.

Customs duty is a kind of indierct tax.Customs duties taxes are imposed on assessable value; ad valorem tax that is a tax proportional to the price of the object being taxed.However, for certain...