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What is defined as the amount of total money people pay in taxes?
Wiki User
∙ 10y ago
Tax Burden
Wiki User
∙ 10y ago
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What is a fixed amount of money that is excused from taxes?
Exemption
What is the dollar amount that you can make and not have to file taxes?
How much money can you make and not have to file taxes?
Do you have to make a certain amount of money to even claim it on taxes?
No. Everyone is free to file a tax return regardless of income. People who make more than a certain amount are required to file.
Is net earnings the amount of money you make after taxes and other amounts that are taken out?
yes it is
What term represents the amount of money the government is spending over what if is receiving in taxes?
deficit
What is a fixed amount of money that is excused from taxes?
Exemption
What is the dollar amount you have to make to HAVE to file taxes?
How much money can you make and not have to file taxes?
Does most of the money you earn go to taxes?
No NOT the most of the amount of your gross earnings will go to taxes.
What is the dollar amount that you can make and not have to file taxes?
How much money can you make and not have to file taxes?
How much will I get back in taxes from medical expenses?
You won't get money back in taxes, you will get to subtract your medical expenses from your taxes. This will lower the amount of taxes you pay.
What is Gross annual income?
Annual gross income refers to the amount of money a person makes in a year before taxes are removed. Net income refers to the amount of money made after the withdrawal of taxes.
Where can you find real life percentages?
All banks pay or charge interest on money and this is defined in terms of a percentage of the amount being deposited or borrowed. Most shops have to add taxes to the basic prices and may also offer sales defined in terms of percentage reductions.
Why do you think the president should lower the taxes?
This is definitely a debatable question! Many people think that the president should lower taxes because some people are paying too much while others are finding ways to avoid taxes. In theory this is true. However, if he does lower taxes who will pay for the things we need in our country? Taxes definitely have a purpose regardless of how the money is raised. One solution that I agree with is lowering or deleting income taxes and raising the state sales taxes. This would give the same amount of money to the government but would force people such as illegal immigrants and drug dealers to pay the same amount of taxes as other members in our society.
What happens when a company don't take the right amount of taxes out of your check and in so you owe the federal money?
Ultimately the employee is responsible for setting and monitoring the amount of taxes taken out of a check. Whether the taxes were taken out over the whole year or not, you still owe the government the same amount of money come tax time.
Do you have to make a certain amount of money to even claim it on taxes?
No. Everyone is free to file a tax return regardless of income. People who make more than a certain amount are required to file.
If there are a lot of people without jobs how do you think this will affect the amount of money that the government earns through taxes?
I think the government can use the national budget by changing the way it taxes people and altering the pattern of government spending to stimulate economic growth.
What does power to lay and collect taxes mean?
To lay and collect taxes is to impose a specific amount the taxes are, and to collect taxes is to literally collect the taxes from people.
