To collect over $2 trillion in taxes each year the IRS has a budget of about $11 billion for 2008. Will likely be budgeted for much less. See link for wish list budget.
http://www.gao.gov/new.items/d07719t.pdf That same site will rpovide a lot of data on how much of what type of tax is collected from whom.
Note: 1 trill = 1,000,000,000,000
1 bill = 1,000,000,000
So if we didn't just casually round the collections and you even just said 2.1T....that .1 T is one tenth a Trill or 100 Bill! Their budget is well within the trailing rounding! (If your thinking of arguing something like it costs more to collect taxes than it's worth).
Taxable income Tax on this income $0 - $6,000 Nil $6,001 - $34,000 15c for each $1 over $6,000 $34,001 - $80,000 $4,200 plus 30c for each $1 over $34,000 $80,001 - $180,000 $18,000 plus 40c for each $1 over $80,000 $180,001 and over $58,000 plus 45c for each $1 over $180,000
The over are tax rates for Australian resident for tax purposes for the 2009 financial year. It can change it year. Please note their are different rates for non-residents and people under 18 years of age. There are also offset such as low income, mature age etc. that you may be eligible for which also reduces the tax you pay. Use the above table as an estimate on how much tax individual residents pay. This type of text=how much income tax.
It depends on ur income earning.the more u earn higher income the higher the tax rate
It all depends on your income and is variable ! It is as low as 20% for low earners and high as 45% for high earners.
That depends on which country you live and the total you earn in a 'tax year', as each country sets its own tax rates.
in Britain it is 17.5% tax rate and if that is your annual income then no.
The amount that a business's income is taxed depends on which of the eight tax brackets they are in which are based on overall profit. They can be taxed from 15% to 35%.
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.
Washington does NOT have any Personal Income TaxesNo state personal income taxRetirement Income: Not taxed.
A tax paid for income taxes is a percentage of total income. Tax varies by how much income a person has. Tax is also paid on items sold in many states. The buyer pays a percentage on average of 7% on purchases. Gasoline, cigarettes, and liquor are taxed differently. Groceries are taxed in some states and not in others.
The percentage of an income that is taxed will stay the same when income rises until that income reaches a certain point set by the government. A higher tax bracket may mean a higher portion of the income will be taxed.
Your income tax rate would depend on what you salary is at. Someone at a entry level job would expect a rate of about 15% of the salary as income tax.
The taxable amounts of the income from each income tax return will be taxed at the tax rates for the state and for the federal.
Of course we are. Everyone thinks they are taxed too much except for the almost 50% of people who pay no income tax. Income tax is not the only form of taxes that we pay though. We pay sales tax; gasoline and other fuels tax; liquor, beer and wine tax; telephone service tax; vehicle tax; etc. etc. etc.
the percentage of tax rises
I believe that it is income tax or tax on goods.
The refund check, as income - No - for federal (it was taxed when overpaid - tax being paid with already taxed money), but a State one, yes. It was deducted from federal income.