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There are four main elements to the current federal tax structure. These are individual and corporation tax, payroll taxes, estate and gift tax, and excise taxes on specific goods and services.
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Which tax structure is used for federal income tax?
progressive tax
Is gas tax deductible on current federal income tax forms?
No.
Is Federal Income Tax a current liability?
In personal tax yes. In corporate, ther is both a current and deferredportion
Can you count your tax payment from a previous year's taxes on the current tax form?
If you are talking about your amount paid with your federal tax return, the answer is no. You cannot deduct your previous years federal income tax on your current years tax return. You can deduct on Schedule A the amount paid on your State income tax return if you itemize your taxes.
If you paid 765 dollars this year in federal tax payments that were owed for a previous year is this your deductible?
Federal taxes paid or payable, (even if paid in the current year), aren't deductible in calculating your federal taxable income. State income tax payments may be deductible in determining your federal tax taxable income. And refunds received of a prior years State income tax may therefore be included in the current years federal taxable income.
What is current US federal income tax rate?
The 2009 federal tax rate schedules can be found in the 2009 Form 1040ES instructions: http://www.irs.gov/pub/irs-pdf/f1040es.pdf
What is a progressive tax structure?
What is Progressive Tax Structure
What kind of tax is the federal government's tax?
It's a federal government tax
Which tax withholding is required by the US Federal government?
You are required to have paid in at least a total equaling 90% of your total income tax paid in the previous tax year. If you do not have at least that much paid and applied to your tax for the current year through withholding and estimated tax payments then you will be subject to a tax penalty plus interest.
What is the current inheritance tax rate?
For 2011, the federal estate tax exemption will be $5 million and the estate tax rate for estates valued over this amount will be 35%. The estate tax has also become unified with federal gift and generation-skipping transfer taxes such that in 2011 the lifetime gift tax exemption and generation-skipping transfer tax exemption will be $5 million each and the tax rate for both of these taxes will also be 35%. There is NO federal level inheritance tax.
On a paystub what is the uss tax?
On my pay stub there is a USS tax and no federal tax? Is USS federal tax?
What is the federal tax form number of filing federal tax info for not for profit home owners association?
The form number depends on variables within the association's business structure, there are a few different forms. Your tax attorney can help you understand exactly which form to use based on your association.
