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As far as I know, they do.
Of course, and State taxes and payroll taxes, and many special bank only taxes and fee's.
Some special savings groups (like credit unions) may have special tax exemptions, as well as many regulatory restrictions.
While 50% of the people don't pay ant=y tax at all...because the don't make "enough" money - or get all types of exemptions - many Cos don't pay any federal income tax because (as we have seen by the many banks failing) they lose money (don't have income). However, even then, they pay all types of other taxes, including an alternative type of State tax based on different calculations of value (not just income), which are substantial.
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∙ 12y ago
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How much taxes do you have to pay on $600.00?
How much federal taxes do you have to pay on $600?
Do banks pay taxes?
Yes. And oodles of them too generally.
If you're a tax exempt organization do you pay federal taxes?
You would pay taxes on Unrelated Business Income.
Do you have to file if no federal taxes were taken out of your pay?
Yes.
How much will you pay in federal taxes?
If I retire and my income is $4500. a month, how much federal income tax will I pay?
What taxes do puerto ricans pay?
they pay American federal taxes
How much taxes do you have to pay on $600.00?
How much federal taxes do you have to pay on $600?
Why should Americans pay federal taxes?
Taxes pay for roads, schools, and the military.
Do people in Alaska pay taxes?
People in Alaska pay state and federal taxes.
Why do people pay federal taxes?
People must pay federal taxes in order to provide funding for Congress, the Supreme Court, and the Presedent and other executives. The need the money in order to pay workers or carry out federal laws. Also, we have to pay state taxes to pay our governer and other local legislatures. So we have to pay both federal and state taxes and if you don't, your in trouble. (:
Who do you pay your taxes to?
Federal taxes are paid to the Internal Revenue Service.
How much money does the federal government spend on court taxes?
The federal gov doesn't pay taxes
Which federal employees pay taxes and which do not?
monkeys
Do federal employees pay taxes?
Yes.
Do banks pay taxes?
Yes. And oodles of them too generally.
Why were taxes created in America?
Taxes were created to fund the military and create jobs within the government. Revenue from state sales taxes pay for jobs within the state, property taxes pay for public education, and federal taxes pay for the military and those employed by the federal government.
If you're a tax exempt organization do you pay federal taxes?
You would pay taxes on Unrelated Business Income.
