Taxes cover maintenance of roads, bridges, etc. So you benefit from driving of safe maintained roads and bridges. Texas also cover schools, you or your kids can go to school and they get textbooks from school, which taxes also cover. Taxes cover law enforcement (police) so you are safe, because you have police :) and... Public buildings like Libraries are covered by taxes so you can buy books. If you are unemployed the taxes can help pay for you :) that's all I can think of right now
yes
Look it up..... You have to read something in order to answer something... Duuhhh.... But its gross pay is net pay minus deductions.
yes, you will not pay any taxes.
Where I live benefits can be considered income by the tax man. (Demo automobile in my case) So these benefits appear on your pay check as income and you pay taxes on them Other benefits like our companies health plan are partially paid by the company and partially paid by the employee. These are deducted from my income.
If you are an individual who receives the life insurance proceeds, you may not have to pay any federal income taxes on the benefits. If the life insurance policy names a trust as beneficiary, the trust may be subject to estate taxes.
yes
do i have to pay taxes on working income after age 66
There are no taxes on workers comp
No. You do not pay tax on the death benefits when you receive them but you do have to pay taxes on investment income from such benefits as anything else.
yes
In exactly the same ways everyone else benefits.
Look it up..... You have to read something in order to answer something... Duuhhh.... But its gross pay is net pay minus deductions.
Social Security Administration collects taxes from workers to pay benefits and living expenses for those who became permanently disabled.
The Social Security Administration collects taxes from workers to pay benefits and living expenses for the dependents and survivors of deceased workers.
Social Security Administration collects taxes from workers to pay benefits and living expenses for those who became permanently disabled.
The scribes didn't have to pay taxes and later on became healthy.
A taxation principle stating that taxes should be based on the benefits received. The benefit principle works from the proposition that those who receive the greatest benefits should pay the most taxes. The benefit principle is commonly used for near-public goods such as highways, libraries, college, and national parks. This is one of two taxation principles. The other is the ability-to-pay principle, which states taxes should be based on income or the ability to pay taxes.