Smart Tax Saving Tips: Difference between revisions
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Revision as of 16:21, 21 September 2024
The courts have generally held that direct taxes are limited to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Denver. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) All other taxes are commonly referred to as "indirect taxes," as these tax an event, rather than particular or property per se. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What got a straightforward limitation on the power of the legislature based on the main topic of the tax proved inexact and unclear when applied for income tax, which could be arguably viewed either as a direct or an indirect tax.
Basically, the irs recognizes that income earned abroad is taxed with resident country, and always be excluded from taxable income via IRS when the proper forms are filed away. The source of the income salary paid for earned income has no bearing on whether around the globe U.S. or foreign earned income, but rather where the project or services are performed (as inside of the example associated with the employee being employed by the U.S. subsidiary abroad, and receiving his pay check from parents U.S. company out for the U.S.).
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