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.
Monaco doesn't pay income taxes
Yes could have to pay some income taxes on your pension income.
Estates pay taxes on income and may have to pay inheritance taxes.
= the amount of income individuals have after they save and pay their taxes? =
Generally, if you have NET income after deductions and losses, you pay tax.
Yes everyone has to pay income taxes no matter what even the president.
State income taxes don't pay for road repair in other states.
Yes. They pay income taxes and property taxes and sales taxes.
Everybody has to pay taxes.
He had to pay his income tax. My dad has to pay income taxes.
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.
taxes