People who earn above a specific amount must pay tax on their income and it is called income tax. The government sets the tax ...

At the heart of the problem is the definition of income developed by Robert ... Moreover, different types of capital income ...

A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses The S corporation is often more attractive to small-business owners than ...

Unlike a for-profit business, a nonprofit may be eligible for certain benefits, such as sales, property and income tax exemptions at the state level. The IRS points out that while most federal tax ...