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Could income tax be replaced by a consumption-based sales tax?

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A consumption-based tax, sometimes called the Fair Tax, is one alternative to the current U.S. tax system. Learn more about a consumption-based tax.

What Is Royalty Income and How Is It Taxed?

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Creative work can make money over time in the form of royalties. But, royalty income is taxed as well, even if it's from a side job for the taxpayer.

What's the difference between a flat tax and a fair tax?

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The flat tax and fair tax are two suggestions people have made for reforming the tax code. Learn more about flat tax and fair tax.

How LLC Taxes Work

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LLC taxes apply if you form a limited liability company. Learn about LLC taxes and find out if forming a LLC is right for your business.

How Tax Evasion Works

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Tax evasion is a serious crime, but there's a difference between nefarious activity and simply making a mistake on your return. Read more about tax evasion.

What's the difference between operating income and gross income?

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What's the difference between operating income and gross income? Learn about the differences between operating income and gross income.

Are taxes socialist?

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Are taxes socialist? Read about what it means to be socialist and whether or not taxes fit the description.

How Federal Taxes Work

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Federal taxes are somewhat complicated. Learn about how federal taxes work at HowStuffWorks.

How Small Business Taxes Work

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Understanding how small business taxes work can help you save money on your tax returns. Learn how small business taxes work.

How Tax Shelters Work

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Tax shelters help reduce your tax burden to the IRS by reducing your taxable income. Learn how to use, and not abuse, tax shelters at HowStuffWorks.

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