If I retire and my income is $4500. a month, how much federal income tax will I pay?
Payroll taxes (the major support for social security and a likely venue for future taxation). You may pay less income tax when you retire due to lower income. Federal retirees and some others usually do not pay state income taxes on their pensions.
Monaco doesn't pay income taxes
Taxes on income earned in the US is the same for all wage earners.
Because we are required to pay the federal income taxes on our gross worldwide income.
Yes could have to pay some income taxes on your pension income.
Estates pay taxes on income and may have to pay inheritance taxes.
I don't know if you are talking about income tax or property taxes. The answer is the same for both. In renting the house out you will pay income taxes on your gain from rental income and you will pay property taxes for the ownership of the property.
= the amount of income individuals have after they save and pay their taxes? =
Yes. They pay income taxes and property taxes and sales taxes.
Generally, if you have NET income after deductions and losses, you pay tax.
Yes everyone has to pay income taxes no matter what even the president.
State income taxes don't pay for road repair in other states.
Borrowed money is not income. You may actually get a dedcution for some of the expenses of the new loan, and those for the loan you retire.
Everybody has to pay taxes.
He had to pay his income tax. My dad has to pay income taxes.
California teacher salaries are subject to the same state income taxes as any other salaries in the state of California.
Yes, they pay income taxes, as does every other wage earner in the United States.
No. You only pay FICA taxes on earned income (wages, salary); paying on Social Security benefits would amount to paying the same tax twice.
The only way to legally not pay taxes is to not have any income at all. If you have income and you try to avoid paying taxes, you could get into a lot of trouble.
If the state has income tax, the day traders will pay state income taxes on their earnings.