In the US, income is taxed directly as an income tax. It is, however, also taxed indirectly in the form of sales taxes and personal property taxes; a person who has more income is likely to also spend more money buying things (and therefore pay more sales tax) and own more and higher value personal property (and therefore pay more personal property tax).
Yes, the income you receive will be taxed as ordinary income.
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.
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 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.
The child's income is essentially considered the income of the parent...so it is taxed at their rate, and presumably they have enough income to be taxed.
Yes, it is income and all income is taxed.
Dividends, cash or otherwise, are taxed as ordinary income.
YOU are being taxed on all of your gross worldwide income from all sources that you have reported on your income tax return for the year.
in Britain it is 17.5% tax rate and if that is your annual income then no.
gross
No
They are not taxable. Stocks are not taxed based on your income. They are taxed by region or where you may live. That is why these stocks are not taxable.