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Do you have to pay taxes each year?

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Approximately how much money does the average American citizen pay in taxes each year?

According to the Tax Foundation, a nonpartisan organisation, the average American pays an average tax rate of 12.60% percent on their income as of 2008.   According to th

How many people pay taxes each year in the US?

There were 131,113,969 returns filed in 2004. Of those who filed, 42,545,501 (32.4%) had zero tax liability. This is estimated to increase to in excess of 40% in 2009. A filer

Do you have to pay taxes after ten years?

  The IRS has a ten year statute of limitations to collect taxes, generally. This ten year clock starts running when the tax is originally assessed (when you file a return

Why does the government asks employers to withhold tax money from each paycheck instead of requiring taxpayers to pay a full years taxes all at once?

  First, even many, many of those people who had withholding from paycheck throuh the year, and then find they are a little short of what they ultimately owe (for whatever

What percentage do you have to pay for taxes in a year?

You do not have a set percentage amount that each taxpayer would pay annually in taxes. The tax bracket percentage amounts change for each taxpayers amount of taxable income

Do you pay taxes on a IRA at withdrawal or at end of tax year?

This would be your choice and depending on your filing status and other information and the amount taxable amount of the distribution and your age you will have make this deci

Does a fourteen year old have to pay taxes?

Yes it is possible that a fourteen year could be required to file a federal 1040 income tax return and could possibly have a federal income tax liability after the 1040 income

How much does the average British tax payer pay in taxes each year?

It only cost the average taxpayer a few pounds a year; it is worth it. Say there are about 40 million taxpayers in Britain, divide 88 million by it, and you have £2 and 20