regressive income tax
Ohio is one of the states in which unemployment compensation is fully taxed. In Ohio, unemployment compensation is treated the same as a type of income, therefore income taxes are paid.
Taxed as ordinary income and sourced to where earned, (Calif) for state purposes.
Yes it is taxable income that has to be reported as such on your 1040 income tax return. For the tax year 2009 the first 2400 of unemployment compensation received will not be taxable income that would have to be added to all of your other gross worldwide income and taxed at your marginal tax rate.
No court award are not earned income.
Yes, the income you receive will be taxed as ordinary income.
Your employer is not taxing your retention bonus. Your employer is following the IRS rules that say your bonus is earned income, and as such, it is taxed just like other earned income.
Profits from stocks & shares are classed as taxable income - and must be declared to the tax man.
Not taxed again on the after income tax money that you have saved but you are taxed on the earnings from the after income tax saved money.
No, contributions to a 401k do not count as earned income when you retire at age 62, as they are considered pre-tax deductions from your paycheck. When you retire and start withdrawing from your 401k, those withdrawals may be taxed as income.
Unemployment compensation amounts that are received during the year is added to all of your gross income for the year taxed at your marginal tax rate on federal 1040 income tax return. You can choose not to have any federal income tax withheld from your unemployment compensation payment amount. For the 2009 tax year the first 2400 of unemployment compensation that was receive was exempt from the federal income tax on your 2009 1040 federal tax form.
I don't believe ther is anything called seperatly earned income...and have no idea what you think it is. Lottery, or gambling, or any of those types of income are considered and taxed as ordinary income.