Don't Panic If Income Tax Department Raids You: Difference between revisions
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Revision as of 12:17, 16 September 2026
The courts have generally held that direct taxes are restricted to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Co. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) Any other taxes are known as "indirect taxes," because they tax an event, rather than person or property as such. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What seemed to be a straightforward limitation on the power of the legislature based on the main topics the tax proved inexact and unclear when applied to an income tax, which can be arguably viewed either as a direct or an indirect tax.
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Be sure to review your earnings forecast for the last part of the year to determine if income could shift in one tax rate to a second. Plan ways to lower taxable income. For example, check if your employer is willing to issue your bonus at the first of the year instead of year-end or if you are self-employed, lanciao consider billing client for be employed in January rather than December. Let's change one more fact in example: I give a $100 tip to the waitress, and also the waitress is really my modest.
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