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What else can I help you with?
Will you pay taxes on your pension?
Yes could have to pay some income taxes on your pension income.
Does Maryland have state taxes?
All governments charge taxes. Some governments have income taxes, some have property taxes, some have sales taxes.
What country that has no income taxes?
Many countries have people exempt from income taxes in some situations. But countries that collect no personal income taxes what so ever are Andorra, Monaco,and The United Arab Emirates.
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.
Do you have to file taxes on retirement in Virginia?
Yes and it is possible for some of the retirement income to be taxable income in Virginia.
If I'm retired do i have to pay state taxes?
Yes it is very possible that would have to pay some state income taxes when you report all of your gross worldwide income on the income tax return for the year.
Do you have to file taxes on retirement?
Yes and it is very possible that some of the retirement income could be taxable income on your income tax return.
How old you have to be to file taxes?
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
Is income from a trust taxable to you?
Yes the income from the trust is taxable income to the owner of the trust or to the beneficiaries of the trust. Some one will have to pay income taxes on the income from the trust.
Do only some states collect income tax?
A more accurate statement would be that only a few states (7) don't collect income taxes. Most of the states that don't have an income tax have much higher property taxes, sales taxes, and other taxes to make up the difference.
What is the money the government takes on wages?
The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) and federal income taxes and state income taxes and maybe some local taxes that is required to be paid to the government's.
What income bracket pays most of the federal taxes?
Those with the top 3% of income pay almost 93% of all taxes. See www.taxfoundation.org for some great statistics.
