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Income tax is used to pay for services provided by the state - such as education and healthcare.
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∙ 13y ago
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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
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.
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.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
How did taxes start?
the taxes started because they needed money for the king gorge
What is the minimum yearly income needed to file taxes in Ontario Canada?
anything as long as there were taxes deducted for the gov. you will most likely receive a refund
