The amount of money you make determines your tax?

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Your total amount of your all of your worldwide taxable income on your 1040 income tax return from all sources is the amount that will be used to determine your federal income liability for year after the income tax return is completed correctly.
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When do you have to start paying taxes and is there a certain age you have to reach or do you have to make a certain amount of money?

Filing is different than paying. Many, many more people have to file and actually then get $ back, or end up paying no tax. Perhaps money withheld on earnings that then turn o

What are the dollar amounts for determining tax brackets?

It depends on the filing status.. For 2008:. Single Filing Status . (Tax Rate Schedule X). 10% on income between $0 and $8,025 . 15% on the income between $8,025 a

What determines the amount money in an economy?

1) Demand for money (economy growth etc.) 2) Monetary policy of central bank. So these two sides come into equilibrium decision of money supply. More strictly local curre

What amount of money i pay in tax in US?

About 63% to 68% for every dollar earned and spent. This accounts for all the taxes for every dollar you earn and what spend during the year, and for all you own at the en

What is the most amount of money you can make without filing taxes?

For a federal return, see Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf For state return requirements, consult the i

What amount of money can you make without having to file an income tax form?

For a federal return, see Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf For state return requirements, consult the i

What amount of money can i make without filing taxes?

For tax year 2009 tax return that you will file in the year of 2010. Generally a person who is self-employed must file a tax return if their net earnings from self employment
In Taxes and Tax Preparation

How do you determine how much money you can get back from your taxes?

You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numb
In Taxes and Tax Preparation

Is income tax the amount of money you made?

No. Income is the amount of money you made. Income tax is the amount of tax you have paid on your income. eg income $500 tax $50 your net income is 500-50 = $450.