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What else can I help you with?
What is the yearly minimum income of a BUSINESS needed to pay income taxes?
Rs1
What is the minimum yearly income needed to file taxes in Illinois?
$1800
What is the minimum yearly income needed to file taxes in Guam?
200000
Do loans count as income for taxes?
Loans do not count as income for taxes because they are considered borrowed money that must be repaid, not earned income.
Why resources scarce?
because of income and taxes
What taxes are higher corporate or income taxes?
income taxes
What is the minimum yearly income in Canada needed to file taxes?
anything as long as there were taxes deducted for the gov. you will most likely receive a refund
Why are income taxes collected?
Because the Government needs money.
What is sales taxes because of high-income people pay a smaller percentage of their income?
Regressive.
Why are regressive taxes considered heaviest on low income taxpayers?
Regressive taxes, such as sales taxes or flat taxes, take a larger percentage of income from low-income taxpayers compared to high-income earners. This is because low-income individuals spend a higher proportion of their earnings on necessities, making these taxes a more significant financial burden for them. As income decreases, the relative impact of these taxes increases, leading to greater economic strain on lower-income households. Consequently, regressive taxes exacerbate income inequality and limit financial mobility.
If you live in Florida but work in Illinois can you avoid paying Illinois state income taxes?
No because Illinois will want some state income taxes paid on the income that was earned in Illinois.
How did taxes start?
the taxes started because they needed money for the king gorge
