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Internal Revenue Code section 7201 says: Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or ...


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In other United States states, it's colloquially referred to as a stamp tax Stamp duty is the tax governments place on legal documents, usually in the transfer of assets or property. Governments impose stamp duties, also known as stamp taxes, on documents that are needed to legally record certain types of transactions. This includes legal documents ...


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As jamesqf and Fattie mentioned in the comment section, the choice of referring to the real estate tax as an excise tax stems from an arbitrary decision from the lawmakers and politicians. Since an excise tax tends to be levied on certain goods and services that are considered harmful or linked to specific health issues, it is more politically admissible to ...


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If you're looking for an antonym for divest, say that they're investing, or reinvesting.


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are all those interests double sided? I mean if the interest between the bank and a client is 2% it would be 2% for lending and 2% for deposit? The rate the bank pays people to deposit money into the bank has to be lower than the rate they charge people who borrow. This difference in the rates is how they pay the cost of the building, the computers, ...


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