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yes you do my father pays taxes he is 70
There is Income taxes, sales taxes, property taxes and school taxes but probably much more than that.
Despite popular belief there is no age limit for which taxes do not exist...it depends merely on how the income was created and how much was created. There is no "Age Exemption" from paying taxes.
when you withdraw the money, yes.
You may have to pay taxes if you are under 18 years of age. You are required to file taxes depending upon the amount of money that you bring in.
No such thing...young or old...the tax is based on income and your age is irrelevant.
do i have to pay taxes on working income after age 66
They have raised the state retirement age so that people will contribute and pay taxes for longer.
Children at the age of 12 do not have to pay taxes. The parents of the child is the one who has to pay taxes.
In some areas, property taxes may be collected from renters in the form of increased rent, as landlords may pass on the cost to tenants. However, the responsibility for paying property taxes typically falls on the property owner, not the tenant.
Yes, you will pay taxes on withdrawals from your 401(k) after age 62. The withdrawals are considered ordinary income and will be subject to income tax.
Taxes are payed on EARNINGS. If you are not earning you will pay no tax.
My child has to pay for lunch can I claim that on my taxes?
no
yes you do my father pays taxes he is 70
At 18 you are an adult and if you no longer live with them or have them pay for your expenses they shouldn't claim you on the taxes.
There is Income taxes, sales taxes, property taxes and school taxes but probably much more than that.