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What ever your marginal tax rate is when you get to the taxable income amount line on the 1040 tax form that your using and your income tax return has been completed correctly.
It can be from -0-% to the maximum 35%
You have 5 different rates.
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∙ 14y ago
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What is Income not spent on current consumption or taxes is?
saving
What percentage of your income do you take out for taxes?
about 28%
What percentage of federal taxes are withheld from gross income?
Your employer payroll department would have to give you the correct percentage that they will be withholding for all of your federal taxes that they will be required to withhold from your gross income.
What is sales taxes because of high-income people pay a smaller percentage of their income?
Regressive.
What percentage of taxes do people pay no matter what there income may be?
If you have no income you do not pay any taxes, therefore the lowest tax rate in this case would be 0.
What percentange of your taxes do you lose if you claim a dependent?
Federal taxes are not based on a straight percentage but on a deduction and then a percentage. The percentage is according to income. If you live in a state that already takes out high taxes, then the federal government takes out taxes at an even higher rate.
How much money do construction workers have to pay for taxes?
Presumably you mean income taxes. Basically everyone pays the same income taxes, a varying percentage of earnings dependent on their net income and situation. The occupation is irrelevant. That said, the amount of income tax actually paid depend on the actual taxable (not all income is taxable) income earned (including things like interest earned, etc), the deductions and exemptions of the recepient (things like maritial status, # of dependents, etc.), and if you consider State taxes, where they are earned or where the individual lives.
A regressive tax means that a larger percentage of taxable income is taken in taxes and taxable income decreases.?
false
A regressive tax means that a large percentage of taxable income is taken in taxes and taxable income decreased?
False
What are the percentage rates for federal income taxes?
What federal income tax percent should my employer deduct from my wages
A regressive tax means that a larger percentage of taxable income is taken in taxes and taxable income decreases?
false
A progressive tax means that as taxable income increases the percentage of income paid on taxes also increases.?
True(Kaylop)
