Yes very possible for some necessary federal income tax to be withheld under certain circumstances.
yes, unless it is for disability
Yes.
If you are talking about state income taxes, Washington does not have a state income tax so there would be no state income tax on the retirement income for Washington residents. Generally, there would be Federal tax though.
Railroad retirement benegits are subject to Federal Income tax. Tier 1 of Railroad retirement has the same treatment regarding income taxes as does Social Security benefits. Tier 2 of Railroad Retirement benefits are subject to Federal income tax just like other company pensions. Railroad Retirement Unemployment benefits receive the same tax requirements as do State unemployment benefits.
Distributions from your 401K after you reach your retirement age the taxable amount will be subject to federal income tax at your marginal tax rate and may be subject to some state income tax.
Deferred compensation income that is contributed to your retirement plan is subject to the social security and medicare taxes in the year that the amounts are contributed to your retirement plan. When you reach the retirement age and start receiving distributions from the retirement plan the taxable amount of the distributions will be added to all of your other gross income on your 1040 federal income tax return and be subject to the income tax at your marginal tax rates.
No.
No you do not get FICA back on federal taxes. It's a pay now and collect later system, for when you collect social security at retirement.
Taxes pay for roads, schools, and the military.
Yes, I have to pay federal taxes on my NC state retirement but not state income tax. Not all of my social security is taxable, depending on my adjusted income. The amount of social security that is subject to taxation is on a sliding scale. A more complete answer can be found at: http://www.fool.com/taxes/2002/taxes020315.htm
No, Federal and State taxes can also be offset.
Taxes were created to fund the military and create jobs within the government. Revenue from state sales taxes pay for jobs within the state, property taxes pay for public education, and federal taxes pay for the military and those employed by the federal government.
No, retired individuals typically do not pay FICA (Federal Insurance Contributions Act) taxes, which include Social Security and Medicare taxes, on their retirement income. However, if they have other sources of income, such as wages from part-time work, they may be subject to FICA taxes on that income.