The office of the Commissioner of the Internal Revenue was established in 1862, and in 1913 a personal income tax was authorized by the Sixteenth Amendment to the Constitution of the United States. The mission of the Internal Revenue Service, according to the U.S. Government Manual, is “to collect the proper amount of tax revenue,… Read more »
About this time most of us have probably already given up on maintaining our New Year’s resolutions. It might be worthwhile, therefore, to observe Benjamin Franklin’s birthday today by reviewing the “bold and arduous project” he devised for achieving moral perfection in his personal life, and considering how his system might be applied in defining our… Read more »
When you’re in the market for a new or used car or truck, you can compare how much it costs to insure the different makes and models by calling your insurance company, but how can you find out which vehicle will cost more in gas? The U.S. Department of Energy and the Environmental Protection Agency have… Read more »
It’s happened—Congress has not agreed on a bill to fund government operations, time has run out, and now the U.S. federal government has shut down. Whenever federal agencies and programs are not appropriated funds by Congress, they experience what is known as a “funding gap.” Under the Antideficiency Act, they are required by law to… Read more »
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