Home| Course Catalog| Career Planning

Free Online Course on Personal Finance

Site Search


The present tax system in the United States was established in 1913 with the passage of the Sixteenth Amendment to the Constitution. This amendment gave Congress the power to impose an income tax. When this tax was first established, only about 1 percent of the population had to pay income taxes. Since that time, tax laws have grown to become some of the most complex procedures that families must go through to fulfill their responsibilities as citizens.

Whether we like it or not, taxes are a fact of life. They are also a critical part of any financial plan. We include a discussion of taxes early in this series because taxes have an impact on nearly every part of your financial life: investing, saving, cash management, debt, home ownership, retirement planning, insurance, and estate planning. Since taxes are such a crucial financial element, they need to be understood and planned for to help you achieve your personal and family goals.


When you have completed this section, you should be able to do the following:

  1. Understand what our leaders have said regarding taxes
  2. Understand how tax planning can help you attain your personal goals
  3. Understand the tax process
  4. Understand strategies to minimize tax payments for a given level of income
  5. Understand the major features of the U.S. tax system


Our Network Of Sites:
Apply 4 Admissions.com              | A2ZColleges.com  | OpenLearningWorld.com  | Totaram.com
Anatomy Colleges.com                | Anesthesiology Schools.com  | Architecture Colleges.com | Audiology Schools.com
Cardiology Colleges.com            | Computer Science Colleges.com| Computer Science Schools.com| Dermatology Schools.com
Epidemiology Schools.com         | Gastroenterology Schools.com  | Hematology Schools.com     | Immunology Schools.com
IT Colleges.com                | Kinesiology Schools.com  | Language Colleges.com  | Music Colleges.com
Nephrology Schools.com             | Neurology Schools.com  | Neurosurgery Schools.com | Obstetrics Schools.com
Oncology Schools.com    | Ophthalmology Schools.com | Orthopedics Schools.com       | Osteopathy Schools.com
Otolaryngology Schools.com| Pathology Schools.com  | Pediatrics Schools.com  | Physical Therapy Colleges.com
Plastic Surgery Schools.com| Podiatry Schools.com  | Psychiatry Schools.com   | Pulmonary Schools.com 
Radiology Schools.com| Sports Medicine Schools.com| Surgery Schools.com | Toxicology Schools.com
US Law Colleges.com| US Med Schools.com | US Dental Schools.com

About Us Terms of Use | Contact Us | Partner with Us | Press Release | Sitemap | Disclaimer | Privacy Policy

©1999-2011 OpenLearningWorld . com - All Rights Reserved