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You do not have to pay income tax if you do not have any income. Depending upon what you do, however, you may still have to pay sales tax, excise taxes, property taxes, etc.
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∙ 11y ago
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Why do you get taxed?
because the government needs money
Is money from a EEOC lawsuit taxable?
Yes-if you get a settlement from the EEOC it is taxable. If it is considered wages it is taxed at the rate your wages were taxed. If it is compensatory damages it is taxed at a lower rate but it cannot exceed 50% of the settlement.
Is a federal tax refund taxed?
No its not taxed. When you receive your refund, you will notice that their nothing withheld from your refund of any sort. You definitely do not have to report your refund to the IRS-its your money that you earned.
Do you have to claim inheritance money on federal taxes?
Inheritances are not taxed by the federal income tax.
What is annual tax?
Annual tax can be define as the amount of money that you are being taxed per year.
Do you get taxed on money saved?
Not taxed again on the after income tax money that you have saved but you are taxed on the earnings from the after income tax saved money.
Why was whiskey taxed?
money
Can a bondsman stop you from getting your refund if you owe him money?
no
When did the colonies start getting taxed for tea?
They started getting taxed around 1773, the time of the Boston Tea Party
Does a snooker player get taxed for a 147 break?
No, but a player will have his prize money taxed.
Are you taxed when you withdraw money from a mutual fund?
Yes you are taxed when withdrawing money from a mutual fund. Your current tax rate would apply.
Under which type of plan can employees delay getting some of their salary with the deferred money going into an account that will not be taxed until it is distributed?
401 (k)
Why do you get taxed?
because the government needs money
Is the money you get from the National mortgage settlement taxed?
yes
How did the government raise money for ww1?
taxed citizens
Is business money taxed when earned outside of UK?
Yes, it is.
Do you get taxed when you start working?
No you dont start getting taxed until you earn over a certain amount which I think is £20,000 or if your over 18
