Taxes

Most Americans have completed this year’s tax return to the best of their abilities. Now for 98% of us that is the end of it for this. What about the other 2%. You are in the unlucky group of people that will be audited by the IRS. Let’s look at …

Theres a significant negative correlation between tax morale and the perceived size of corruption. An increase in the corruption scale by one unit increases the share of subjects indicating the highest tax morale by more than 1.7 percentage points. The corruption variable also remains robust after including the trust variables …

Any time you give someone money or property you may be subject to paying a gift tax. The federal government has established guidelines for gift tax exemptions and gift tax rates for all property transferred. These rates and exemptions can change on a yearly basis and it is important to …