How much sales tax income for California per year?
In Sales Tax
$36.38 billion per year (US dollars per year) (country rank: 1st) (2009)
More data at the Wolfram|Alpha link
More data at the Wolfram|Alpha link
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Does a 14 year old sales associate at a chain department store who earns 1000 dollars per year need to file a Federal Income Tax Return?
Answer . \nFor 2004, a 14-year-old would not need to file a federal tax return if he/she had only $1000 in earned (from a job, for example) income. If there is any bank interest or investment income, the answer becomes more complicated. He/she may want to file a federal tax return (1040EZ) to rec…eive a refund of any federal tax withholding from the earnings. ( Full Answer )
The base rate of tax is 20%. It consists of Federal (2%) and regional (18%) units. (Article 284 of the Tax Code). Federal part of the rate is fixed and can not be reduced. The tax period for income tax is the calendar year. This means,that all income and expenses of the organization are determined… on the whole for a year by progressive total. Tax on personal income Depending on the type of income the tax rate is 13%, 35% or 9%. Individuals, who are not tax residents of the Russian Federation, are the payers of income tax only on earnings derived from the sources in the Russian Federation. In this case the tax rate (also depending on the type of income) is 30% or 15%. You find the detailed information:http://www.iconsu.com/en/taxes-in-russia/tax-on-profits.html ( Full Answer )
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 collecte…d 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). . ( Full Answer )
There is no specific fixed amount or percent. Two people working at the same job, making the same wage may (an almost always do) have much different amounts required to be withheld. THE AMOUNT WITHHELD IS DETERMINED BY YOU...NOT YOUR EMPLOYER, THE IRS OR ANYONE ELSE. It depends on many, many thing…s...not the least of which is what you consider tax. Many people group all their withholdings as a type of tax, but many may not be. Workers Comp, Unemployment, even FICA are all really more an insurance payment than a withholding against an income tax. The amount of tax withheld depends obviously o which state (or even city) your in, the amount of income your projected on earning over the year, (which helps determine your tax bracket and the percent that may be required), as well as your filing status, number of dependents and other deductions (like interest on a mortgage) or contributions to 401K, or medical and other benefits you selected, etc., etc. All these things can be adjusted for your circumstances by properly and completely filling out (or changing) the Form W-4 all employers ask you to. The variations are so numerous that again, it is fair to say that it would be uncommon for 2 people, working at the same job making the same salary would have the same amount withheld. There are even a number of different legal ways for the payroll provider to calculate the amount to withhold considering all the above...but overall they make only a small difference. Remember, anything withheld is just being done as an estimated installment payment toward whatever tax, if any, you do ultimately owe. If too much is withheld, it is refunded. (Too little, and you could pay a penalty and interest charges). Again, adjusting your W-4 is the way to correct for any of these circumstances. Just follow the instructions and examples for that form and you should have a very close amount for what is needed withheld for your situation...if for any number of reasons including those above, the situation changes... you will need to change the W-4. ( Full Answer )
Answer . Probably something like 1 Cow and 5 chickens, plus maybe a first born son or such....and then the rulers men returned whenever he needed for some more.. (And of course, they added something like a container of your best grog as their collection fee).
The statue of limitations in California is the later of four yearsafter the return was filed or the due date of the return. If youhave filed the return, then after four years, no additional taxescan be assessed, but no additional refunds can be claimed either.
If you are itemizing deductions (on a schedule A) as opposed to taking your standard deduction you have 2 different ways to deduct taxes paid to the state you live (or work) in. For the State Income Tax Deduction you can deduct the amount of taxes paid in 2007 (any state witholding from a W2, 1099G,… 1099R etc., any balance due on a state tax return that you paid in 2007 and any estimated payments you made to your state's dept of revenue). The other method is the General Sales Tax Deduction.. The General Sales Tax Deduction can be calculated 2 different ways. You can either add the sales tax you have paid to any state up manually, one receipt at a time. -OR- you can use the Safe Harbor method where you multiply the days you have lived in your state (365 if all year) by the state and local sales tax rate and your income (please refer to line instructions for form 1040 for a more detailed description of this formula) to that figure you will add any sales tax paid on qualified purchases (a house, a car, big ticket items) and that will be you deduction. ( Full Answer )
The following do not pay local sales tax: Alaska Sales tax is that which has the tabular form in IRS site Income tax is that which is already withholded by any state etc
Generally, if your GROSS income is under $8,950 you wont' have to file.. But, of course there are many "ifs" and you should read Publication 501 to see if any apply.. http://www.irs.gov/pub/irs-pdf/p501.pdf. However, even if you don't have to, the list of reasons why you should is very extensive.…..and includes that many in that situation actually get benefits or money under many of the government programs. (Rememer this years "stimulus payment", which was only for people who filed, even if they didn't have to pay).. Also, just common sense: If the Gov't says you don't have to file, why do you think they do this? Becuase it's good for you....or for them? ( Full Answer )
You will receive however much extra you paid/had withheld than what you owed the IRS. There is no way of knowing how much without filling out a tax return. A couple hundred, maybe more, you might get nothing and end up owing the IRS money. It depends on how much you make, if you had any work related… expenses (those are tax deductible, if you can claim any dependents, if you are married, etc. . Generally, if you make less than $20,000 a year you can expect to receive some money back -- unless you work as a contractor and choose NOT to have money withheld from your check for tax, then you might owe the IRS.. ( Full Answer )
It depends on how you have your taxes set up with your employer. If you're self employed it's different. There are too many scenarios for one answer. You need to file taxes with your local state and federally through the I.R.S. (Internal Revenue Service.) You can obtain tax pamphlets and booklets… from your nearest USPS Post Office to answer all of your tax questions. ( Full Answer )
You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE… INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly. ( Full Answer )
First, there are many different SOLs, mainly ones for auditing the info, assesment of the tax and collection of the tax...as you see a progression that added together can be a long time. Many States simply have none at all for many taxes...and may collect it at any time they can. Depending on certa…in things, generally, the audit SOL is normally 3 or 4 years. However, a substantial underpayment, normally more than 25%, can extend that too. And how the days are counted can be a bit strange..but more importantly, that they can be "tolled" (stopped), by many things, most noteably from when the Dept sends a notice, received or not, until you respond for example. filing bankruotcy, leaving the country, many other things toll the SOL. So ignoring them and waiting for the time to run doesn't work. Sales tax can be even a bit different, because those are trust funds that you hold for the State...the audit periods are normally more like 2 years to notify of an audit to see the proper things were taxed. But if it is a matter of your not payng over what you collected, then it is a criminal matter and a whole other set of rules may be invoked. Importantly for many is to understand the SOL only starts to run when a return is filed. If you don't file, you are perpetually open and will never time out. So ignoring them or avoiding them and notices or whatever, and waiting for the time to run doesn't work. Uh...it's been thought of by many before, over many years...do ya really think that's all there is to not paying? what is the statute of limitations on Virginia state taxes? ( Full Answer )
No such thing..no maximum on how much money you can make, no max on how much tax you can pay
'Sources and related links' below has the current rate. It was 7.75% when I checked.
Parade Magazine reports that Glenn Beck made twenty-five million in 2009. This may only be the amount earned as a radio talk show host. Speaking engagements, public appearances and royalties may not be included in it. (This talk show income is roughly two-thirds that of Rush Limbaugh, according to P…arade.) ( Full Answer )
Tax rates 2008-09 . 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. ( Full Answer )
Yes, in states which have a sales tax, it is a very importantsource of revenue.
The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department. You should get the information from your emplo…yer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings. ( Full Answer )
That depends on which country you live and the total you earn in a 'tax year', as each country sets its own tax rates.
State is now 8% but it could be more depending on where you buy it. Different cities/counties add to the basic tax. Some places are nearly 10%. Our registration fees have now doubled too, so if you get a new car think of that. My Pruis will now run me 250.00 for a 5 year old car this is up from the …174.00 I paid this year. ( Full Answer )
Personally i think not and is going up i can t eve buy a pair of heals with out paying $20.00 dollars of tax. its so unfair honestly were does it go to? well that's my point of view.
If you have an inactive business no sales or income or taxes do you have to file Schedule C for that tax year?
No, but you may want to, especially if you have any prior year benefits available to maintain.
Each year, Americans pay approximately $265 billion in taxes eachyear. It is estimated by the year 2015, Americans will payapproximately $483 billion in taxes each year. Table [ edit ] Rank State Gross collections (2007) Population (2007) Revenue per capita 1 California $313,998,874,000 36,553…,215 $8,590.18 2 New York$244,672,914,000 19,297,729 $12,678.84 3 Texas $225,390,904,00023,904,380 $9,428.85 4 Florida $136,476,423,000 18,251,243$7,477.65 5 Illinois $135,458,089,000 12,852,548 $10,539.40 6 NewJersey $121,678,423,000 8,685,920 $14,008.70 7 Pennsylvania$112,368,286,000 12,432,792 $9,038.06 8 Ohio $105,772,774,00011,466,917 $9,224.17 9 Minnesota $78,697,313,000 5,197,621$15,141.03 10 North Carolina $75,903,684,000 9,061,032 $8,376.94 11Georgia $75,217,980,000 9,544,750 $7,880.56 12 Massachusetts$74,782,325,000 6,449,755 $11,594.60 13 Michigan $69,923,907,00010,071,822 $6,942.53 14 Virginia $61,989,886,000 7,712,091$8,038.01 15 Washington $57,449,739,000 6,468,424 $8,881.57 16Connecticut $54,235,851,000 3,502,309 $15,485.74 17 Maryland$53,705,070,000 5,618,344 $9,558.88 18 Missouri $48,568,138,0005,878,415 $8,262.11 19 Tennessee $47,746,721,000 6,156,719$7,755.22 20 Colorado $45,404,194,000 4,861,515 $9,339.52 21Wisconsin $43,778,325,000 5,601,640 $7,815.27 22 Indiana$42,668,067,000 6,345,289 $6,724.37 23 Arizona $35,485,237,0006,338,755 $5,598.14 24 Louisiana $33,676,593,000 4,293,204$7,844.16 25 Oklahoma $29,324,569,000 3,617,316 $8,106.72 26Arkansas $27,340,140,000 2,834,797 $9,644.48 27 Alabama$24,149,102,000 4,627,851 $5,218.21 28 Oregon $23,466,608,0003,747,455 $6,262.01 29 Kentucky $23,150,555,000 4,241,474 $5,458.1430 Kansas $22,311,231,000 2,775,997 $8,037.20 31 South Carolina$20,499,446,000 4,407,709 $4,650.82 District of Columbia$20,393,510,000 588,292 $34,665.63 32 Nevada $19,619,012,0002,565,382 $7,647.60 33 Nebraska $19,043,258,000 1,774,571$10,731.19 34 Iowa $18,436,557,000 2,988,046 $6,170.10 35 Delaware$16,857,669,000 864,764 $19,493.95 36 Utah $15,063,650,0002,645,330 $5,694.43 37 Rhode Island $11,966,818,000 1,057,832$11,312.59 38 Mississippi $10,868,707,000 2,918,785 $3,723.71 39New Hampshire $9,304,200,000 1,315,828 $7,070.98 40 Idaho$9,024,822,000 1,499,402 $6,018.95 41 New Mexico $8,346,154,0001,969,915 $4,236.81 42 Hawaii $7,666,494,000 1,283,388 $5,973.64 43West Virginia $6,521,950,000 1,812,035 $3,599.24 44 Maine$6,289,216,000 1,317,207 $4,774.66 45 South Dakota $4,765,559,000796,214 $5,985.27 46 Wyoming $4,724,678,000 522,830 $9,036.74 47Montana $4,522,680,000 957,861 $4,721.65 48 Alaska $4,287,200,000683,478 $6,272.62 49 Vermont $3,806,110,000 621,254 $6,126.50 50North Dakota $3,659,740,000 639,715 $5,720.89 Puerto Rico$3,548,466,000 3,941,459 $888.39 TOTAL $2,674,007,818,000305,562,616 $8,528.22 (US Avg.) Maps and graphs [ edit ] . Map of total federal tax revenue by state in 2007. Legend: $200 billion. ( Full Answer )
That should be a simple question, but it's not quite that easy. First, on federal, when it comes to getting a refund, you have three years from the date the return as due. So lets say you didn't file your 2006 and 2007 taxes, it would be too late now to get your 2006 refund, but you could still file… your 2007. But what if you owe money? Then the statute of limitations is 7 years. So you can only get a refund for three, but can still owe for seven. But--and this is important, if the IRS has tried to contact you or if there are extenuating circumstances, they can go back further. I'm an enrolled agent and had to go back 10 years for a client because of "exceptions" to the seven year rule. States generally follow federal rules, but not always. Also, states often can't even begin to process their audits until they hear from the federal government so it's rare that a state issue will be cleared up before a federal one. Sales tax issues also vary by state but your time limit is much shorter. Also, the penalties can include putting you out of business. ( Full Answer )
Single taxpayer under the age of 65 with 68000 of TAXABLE INCOME on the 2009 1040 federal income tax return page 2 line 43 the amount of the income tax liability on the 1040 page 2 line 44 would be $13194, before any possible credits or any additional taxes that may come into play before arriving at… the last line of your 1040 income tax return. You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly. ( Full Answer )
Depending where the car is purchased and registered. Cities, counties have different tax bases. If you purchase a car in Tracy (8.750%) or Tahoe City (8.250%) and registered the car in Pleasanton (9.750%) or Oakland (9.750%) DMV would charge the additional monies.
The income tax rate using the 1040 Federal income tax rate on your TAXABLE INCOME after your 1040 income tax return is completed correctly to page 2 of the 1040 income tax return line 43 TAXABLE INCOME can be from 10% to the maximum 35% rate. Go to the IRS gov website and use the search box for 10…40ES and go to page 8 for the 2010 Tax Rate Schedules. This is July 28 2010. ( Full Answer )
The sales tax rate varies by city in California. 'Sources and related links' below has a list of rates per city.
The exemption amount for each qualifying child or qualifying relative dependent is $3,650 for each exemption. You can also deduct $3,650 for yourself.
It depends on the city/county in California. Check out the 'Sources and related links' below for info on the rates there.
I am assuming you mean the personal and dependency exemptions for 2009. The exemption amount for 2009 is $3,650.
During intensive periods of outsourcing, etc., US employment and average income rates have been at trends similar to trends before the prevalence of outsourcing, etc. And these trends have been to increase. Economic theory states that average income in countries with free trade will increase, and th…ere is significant empirical evidence supporting this. However, the effect on individuals varies widely based on which field they are in. Generally speaking, unionized private-sector outsourceable low- and mid-skilled workers (manufacturers of stuff like cars and computers) have been negatively effected by globalization, whereas high-skilled workers and non-outsourceable workers (like construction) have benefited. Note that globalization has decreased the price for many consumer items. This means that the cost of living has gone down for many Americans (remember how expensive furniture was before Ikea, and clothing before WalMart?). A decrease in cost of living is effectively an increase in real income. All in all, globalization has been economically beneficial to America. But the effects on you depend on your skill set and current field. ( Full Answer )
The Social Security tax is 6.2 percent and the Medicare tax is 1.45 percent of your annual income How much would you pay per year to FICA if your annual earnings were 47000?
Adding the Medicare tax of 1.45% and the Social Security Tax of 6.2% together, the total is 7.65%. 7.65% of $47,000 is $3,595.50 that you would pay each year.
An individual must file a return if either their gross income or their adjusted gross income (AGI) was more than the amount defined by law. California residents must consider their total worldwide gross income to determine their filing requirement. Part-Year residents must file a return if th…ey have any income taxable by California (which includes income from all sources while a resident and California source income while a nonresident), and their income from all sources is more than the filing requirement amounts for residents. Nonresidents must file a return if they have any California source income and their income from all sources is more than the filing requirement amounts for residents. Click on the below link do I need to file for a tool to help you determine this. ( Full Answer )
Personal property asset nonbusiness would be reported on the schedule D of the 1040 tax form. Business asset 1040 tax Form 4797 For the forms and instruction go the IRS gov web site and use the search box for Schedule D and choose instruction or for Form 4797
Sale tax is definitely good for the state but there are some does not have sale tax and still survive.
It depends on ur income earning.the more u earn higher income the higher the tax rate
That depends on the amount of children you have, if you own your own home, if you donate money.
No, but there are municipal taxes. As a CA homeowner I pay extra taxes for all sorts of bonds and things that are part of my property tax.
It Depends in which country the person makes this income. For UK it is 20% of income. But this vary from country to country and depends upon country`s legislatives. Is some countries it is quite low 8-10% of personal income.
Yes. The government will get their cut sooner or later. Hopefully you have the money to pay up.
I was about to answer that they must have been smart enough to find another source of income, perhaps from all that gold that was found up there, both the solid kind and the liquid kind (oil, that is; black gold; Texas tea). Then I remembered an episode of Modern Marvels I saw recently called Ala…ska Tech. One state worker was saying, if I remember right, that they spend about $5 million per year on road maintenance, but that's only because that's all they have to spend. If they had $20 million per year to spend on keeping the roads fixed, they would easily be spending $20 million per year. Bottom line: (shrug) ( Full Answer )
Taxes in general are levied to pay for operations of the government. Some taxes are "earmarked" for certain purposes, gas taxes for transportation programs, etc. The power to tax is one of government's major ways to generate the revenue it needs to operate.
No you don't because it's a yard sale it's not like a shop forexample when you buy a house you have to pay taxes for a house
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.
You have to know what kind of income it is; any exemptions to be claimed; any credits available; age of the taxpayer; does anyone else claim the person who earned the income; are you talking about federal income tax?
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%.
The sales tax in the state of California, which is part of the United States of America, is very high. The sales tax in the state of California is 7.50% but can go as high as 9%.
The California sales tax rate is currently 6.25% . However,California adds a mandatory local rate of 1.25% that increases thetotal state sales and use tax base to 7.5%. Depending on localmunicipalities, the total tax rate can be as high at 10.0%.