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Eucario Bakale Angue is the Delegate Minister of Finance for Taxes and Contributions in Equatorial Guinea.
Workers Compensation benefits are completely non-taxable for federal income taxes.
If worker's compensation is your only income for you and your family then no you don't have to file taxes. Worker's Compensation is not taxable on Federal Income Taxes.
Anyone who earns income of any kind, pays income taxes, unless their income is below a minimum level; in addition, anyone buying goods that have Federal taxes on them also pays those taxes.
Workers spend quite a bit of their money paying taxes. These taxes include social security and income taxes. Some workers have other deductions taken out of their paycheck.
The state itself will collect income taxes from its citizens if it is a state that collects state income taxes. 43 of the 50 states collect state income taxes.
All of the states that have a personal income tax.
All workers in America, regardless of religious beliefs, are subject to the same taxes.
Workman's compensation benefits are non-taxable, so you are exempt from having to claim anything you receive in workman's comp on your state or federal income taxes.
No. You cannot deduct lost income when you never claim the actual income in the first place. You are only taxed on the amount of taxable income that you received. The reason that Worker's Compensation pays you at this level is that you are not paying income taxes, state taxes, social security taxes nor medicare taxes on this income.
income taxes
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.