Yes, absoutely...as do all members of Congress, etc., etc. I'm not sure I can think of anyone that is exempt from paying taxes (although most don't because their income is too low). Including clergy...a common mistake...Religion is exempt, not religious people.
As to the Pres (and many politicians), because of politics and popularity, virtually all White House and even just those running for office, even publcally disclose their returns and all financial info.
In fact, as both doing so, and even being late or withholding any portion of it is major news, virtually every year....and in recent years - with things like McCain's wife needing to disclose her financials, etc too (just because of public demand)...making headlines for days, whoever may possibly have made you think politicians, Presidents, etc have any tax advantage or such...is so uninformed..I would question, or better yet disregard entirely anything they say, as they are just clearly idiots.
No Federal income tax due on inheritance.
How much federal income tax is paid on $9600.00
If I retire and my income is $4500. a month, how much federal income tax will I pay?
what do large US corporations pay in Federal income tax
Yes they do but if they live and work on reservations than they are subject only to the tribes laws and are not required to pay federal income taxes.
Wilson
Lincoln
Yes.
The Federal income tax is a progressive tax because the more a person makes in revenue, the more tax they will have to pay. The tax level or percentage is higher for those with a higher income, too.
They don't have to pay federal income taxes.
60% :-)
Yes.