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Yes, he does. Indirectly anyway. The President does not have direct control of this process. He does set the agenda and direction that the Congress is to go. The power is in the Congress. If they had morals they could resist the temptation to take more from the public and not provide a bill that raises taxes.
The President ultimately signs for the new tax bill and budget each year.
Another View: As an employee of the US Government, the President is subject to income taxes (and ALL other taxes) the same as any other individual citizen.
Wiki User
∙ 11y ago
Wiki User
∙ 12y agoYes. Like everyone else earning a salary in the US, the President is subject to federal taxation.
Wiki User
∙ 11y agoyes. He pays federal income tax as well as sales tax on his personal purchases.
Wiki User
∙ 11y agoNo, the president cannot raise taxes, unless 2/3 of congress agree to.
Wiki User
∙ 15y agoYes, even the president has to get taxed.
Wiki User
∙ 11y agoYes
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Income tax is liable on the salary of the president of India?
President of India's salary (as in case of Prime minister) is totally exempt from Income Tax.
What is a tax that you pay on the money you earn?
To answer your question, the taxes you pay on the money you earn (salary, income) is called income tax.
Does the president pay income tax?
Yes.
At what amount of income do you have to pay taxes?
as per the indian government who is earning above 15k as net salary or net income they will have to pay the income tax
Does the US President have to pay Income Tax?
Yes. They pay taxes and publish what they pay.
Does selling a boat count as income and do you have to pay income tax on that?
That depends on what you do for a living. If you sellf the boats for a true living then yes you have to pay income tax. But that's also because of the salary you make. AKA your paycheck.
What tax is taken from your salary or wage and what does it help to pay for?
the tax taken from salary or wage is the nhs , govement taxes for petrol etc and pensions for the old, this is all taken from your income tax
Does president of India pays any income tax and if yes then how much income tax does she pays?
yes,he has to pay 30% of income tax ,, bhawna :P........ i m aayushi :P
Do foreigners have to pay income tax while in Anerica?
If they are here legally, then yes they must pay income tax. This is assuming that they are working at a place that keeps track of employees salary. If they are just visiting, they obviously won't have to pay anything.
How do you compute tax on salary in Afghanistan?
In Afghanistan if your monthly salary is 5000 afs ($100) or less, you don't pay any income taxes. If it's more that 5000 afs you pay 2 percent in tax, if you earn more than 12,500 afs you pay 10 percent in tax, if you earn 100,000 afs, ($ 2000) and more, you pay 20 percent as income tax. But does everyone really pay his taxes?
Are the salaries of federal judges still exempt from income taxes?
No. The President's and federal judges' salaries were only exempt from income tax between 1920 and 1939, under the theory that the tax was unconstitutional because it "diminished" their salary, which is prohibited under Article III.When Congress passed the Public Salary Tax Act of 1939, it specifically required all federal employees to pay tax on their salaries. The US Supreme Court upheld the legislation as constitutional in O'Malley v. Woodroush, 307 US 277 (1939).Federal judges pay income tax on their salaries.
What effect do pretax salary reductions have on the federal income tax?
what effect do pretax salary reductions have on the federal income tax?
