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Revision as of 10:07, 15 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 Corp. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) Any other taxes are typically called "indirect taxes," as these tax an event, rather than particular or property as such. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What were a straightforward limitation on the power of the legislature based on the main topic of the tax proved inexact and unclear when applied with regard to an income tax, which can be arguably viewed either as a direct or an indirect tax.
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If you earn taxable interest or dividends from investments organizations can give you with copies of the amounts to report. Likewise, as you're making transfer pricing payments for things like mortgage interest and other tax deductible interest expenses, you should obtain that information as better. The IRS has kicked out its annual list of highly dubious tax scams for 2004. Promoters often make these strategies sound credible, but merely aren't.
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