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No such thing..no maximum on how much money you can make, no max on how much tax you can pay
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∙ 15y ago
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Is a progressive tax a type of income tax?
It's a method of determining the taxable rate on income.
Who would pay the most as a portion of income under a regressive tax?
Under a regressive tax your tax rate goes down as you make more money. (Total Tax Paid) / (Income) = (Percent of income paid). As the tax rate goes down, the more you make the lower this number will be.
Felix has a gross income of $18,000. What is his total tax due?
2026
Marginal Tax Rate Calculator?
Marginal Tax Rate Calculator Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. This calculator helps you estimate your average tax rate, your current tax bracket, and your marginal tax rate for the 2010 tax year. Please note that this calculator uses the 2010 preliminary tax tables subject to change by the IRS.
Which statement most accurately describes a progressive tax?
The tax rate increases as income increases.
Does California have a state income tax?
Yes
You live in Oklahoma and will be working in California for a while do you have to pay California state income taxes and Oklahoma taxes also?
Yes this can happen you will have to file your resident state income tax return and your nonresident state income tax return.
You live in Texas but work in California temporarily do you have to pay California state income tax?
Yep
What is state income?
It is a tax imposed by an individual state like New York or California. The tax works like the federal income tax in that it imposes a tax on income such as wages, rents, interest, dividends, royalties, investment income, etc. (Not all state tax all types of income and don't necessarily tax the same types of income as the federal government.) A state may tax income earned by its residents anywhere in the world. A state may also tax income earned by non-residents from sources within its borders.
Do i attach form 1099-int to my California state income tax?
No the copy of the 1099-INT would not be attached to the income tax return.
How do California calculate tax?
Need to specify property, income, state sales or. . . .
What is california's state tax on long term capital gains?
treated as ordinary income and taxed at your ordinary income tax rate. No breaks as in Federal !
What is the state income tax of Texas?
Texas does not have a state income tax.
Is there state income tax in Illinois?
There is a state income tax in Illinois.
Who is gives maximum tax in India government?
Income Tax
When filing for the state income taxes do you receive your federal income tax refund as well as your state income tax refund?
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
Are income tax payments deductible?
State income tax payments are deductible on your federal income tax return. (You may deduct state income tax or sales tax, but not both.) Federal income tax payments are deductible on your state tax return in a tiny number of states.
