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There is a HUGE misconception that we in America are obligated to pay income taxes. The truth is we are not. Without going into all the details its really this simple. If the money you make from your occupation is the result of dealing directly with the Federal Government then yes you owe tax. If however you are operating in the 'Private Sector' as 96% of us are then...NO! You do not owe income tax!
The Constitution states clearly not once but twice just how Congress can legally tax the population. I'll tell you right now they ain't following the rules. Investigate more for yourself at losthorizons.com.
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∙ 14y ago
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What is difference between tax free and taxable income?
You don't pay tax on the tax-free pay and you do pay tax on taxable income
Do you need to pay monthly and quarterly income tax even though you have paid the annual income tax?
yes we have to pay tds and advace tax beside anual income tax
Do you pay income tax on inheritance?
No Federal income tax due on inheritance.
Do you have to pay income tax on IRA income?
On a standar IRA, Yes (you didn't pay tax on the $ contributed or as it grew). On a Roth IRA, (where you paid the tax on the income before contribution), No.
Do you pay income tax in Texas?
Every1 in the world pays income tax Texas does not have a State income tax, collecting that same revenue using other tax means. You of course pay Federal income taxes.
Do the wealthy pay income tax?
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.
What is difference between tax free and taxable income?
You don't pay tax on the tax-free pay and you do pay tax on taxable income
If you live in Tennessee but worked in Kentucky which state do you file your unemployment in?
Kentucky supposed to pay your unemployment becasue they make you pay income tax.
Do professional punters pay income tax?
all people pay income tax.
What do you pay income tax on?
Could it be your income??
Do you need to pay monthly and quarterly income tax even though you have paid the annual income tax?
yes we have to pay tds and advace tax beside anual income tax
Do you pay income tax on inheritance?
No Federal income tax due on inheritance.
Whats the difference between tax free income and taxable income?
You pay tax on taxable income and you don't on tax free income
Do you have to pay income tax on IRA income?
On a standar IRA, Yes (you didn't pay tax on the $ contributed or as it grew). On a Roth IRA, (where you paid the tax on the income before contribution), No.
How do you use the word income in a sentence?
He had to pay his income tax. My dad has to pay income taxes.
Do you pay income tax in Texas?
Every1 in the world pays income tax Texas does not have a State income tax, collecting that same revenue using other tax means. You of course pay Federal income taxes.
Does the church have to pay income taxes on tithes?
No- churches and other tax-exempt charities do not pay income tax on the donations they are given. Church employees have to pay income tax on their salaries and the church must collect with-holding tax on these salaries.
