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No, it is mandatory. There is a federal income tax, and you are required to pay it when you file your taxes each April. Failure to do so could submit you to an audit from the Internal Revenue Service and you would undoubtedly have to pay late fees and penalties if it turns out you failed to pay your taxes in a timely fashion.
What else can I help you with?
Which countries don't pay income taxes?
Monaco doesn't pay income taxes
Do you have to pay taxes on your income?
Yes, individuals are required to pay taxes on their income to the government.
Will you pay taxes on your pension?
Yes could have to pay some income taxes on your pension income.
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
What is the amount of income individuals have after they save and pay their taxes?
= the amount of income individuals have after they save and pay their taxes? =
On loss income money do we pay taxes taxes on it?
Generally, if you have NET income after deductions and losses, you pay tax.
Do big companies have to pay income taxes?
Yes everyone has to pay income taxes no matter what even the president.
What do state income taxes not pay for?
State income taxes don't pay for road repair in other states.
Do police officers have to pay taxes?
Yes. They pay income taxes and property taxes and sales taxes.
Do members of the Democratic Party have to pay income taxes?
Everybody has to pay taxes.
How do you use the word income in a sentence?
He had to pay his income tax. My dad has to pay income taxes.
Is paying income tax a forced process or voluntary?
Income tax is not a voluntary process in any way. Paying tax levied by the government is definitely compulsory. Many people have been jailed for not paying income taxes and this would not have been possible if it was voluntary. There have also been many court cases that have resolved anyone who has tried this type of approach to income taxes.
