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Yes. They pay taxes and publish what they pay.
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∙ 11y ago
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What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
Do US citizens have to pay tax on employment income?
Yes. It's called Income Tax. States can require an income tax, and there is tax payable to the Federal Government.
US citizens pay a progressive or graduated income tax which means?
The more taxable income they have, the more they pay
Are foreign embassy employees with income wages required to fiel income tax returns?
If a foreign embassy employee is a us citizen or a green card holder he has to file income tax return. If he is a us citizen he will pay both income tax and social security taxes . If he is a green card holder he is not required to pay social security taxes but he is required to pay income tax.
Do you have to pay income on money you inherited from your great aunt?
You don't have to pay income tax on money. You may have to pay income tax if you receive property that has increased in value since your aunt died. You would pay tax on the profit when you sell it. You may have to pay income tax when you take withdrawals from a tax-deferred account you inherited from your aunt (such as a traditional IRA or 401k). You may have to pay income tax on the interest from US Savings Bonds you inherited. Some states impose an inheritance tax (which is different from an income tax). You may have to pay an inheritance tax. If the estate failed to pay any tax that might be due before distributing property to you, the IRS may come looking to you to recover some of the property.
Which US President eatblished the Progressive Income Tax?
The first Progressive Income Tax was established by Congress, (who under the Constitution is the branch of government with the authority to tax), in the year 1862. The president at the time was Abraham Lincoln.
What new measure did the US government use to pay for the US Civil War?
The measure that the government used to pay for the US Civil War was by putting a progressive income tax into law. The income tax was to take out a certain amount of and individuals income yearly.
When you are 73 do you have to pay taxes?
Anyone who makes taxable income pays income tax. A 73 year old person in the US living on social security may not have to pay income tax, but will still have to file.
Should the rich have to pay a greater portion of their income in taxes than the poor why or why not?
The rich do in fact pay a higher percentage of their income in income tax, because we have a progressive income tax based on six different tax brackets, where the higher your income is the higher a percentage tax bracket you will be in. Depends on which country you're in. In the US, this is not the case.
What taxes do foreigners pay in the US?
If you work here and you are holding H1B visa, basically you have to pay federal tax, state tax, medical tax and Social security tax for you income.
If you worked in another country do you have to pay income tax?
Yes. A US Citizen or resident alien you are required to report all of your gross worldwide income on your 1040 income tax return.
Is the offshore oil rig work tax free?
Generally no. If you are a US citizen, you are obligated to pay US tax whether you work on US land, US water or outside the US. If you must also must pay foreign income tax, generally you are able to deduct this amount from your US tax.
