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Approx. 95% of all tax is paid by those in the top 3% of income. Almost 50% of the people pay not ax at all, and of them a large percent actually get more money back than they paid through credits
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How can you tell if someone paid US taxes?
You can't. That information is entirely confidential in all respects.
What is corporate taxation?
C Corporation in the US must pay taxes on the net profits of the corporation before dividends and taxes. The corporate tax is a progressive tax and the tax brackets start at 15 percent then climb up to 35 percent.
Do Corporations pay their fair share of taxes?
Corporations and the wealthy in the United States pay the vast majority of taxes to support the country. 5% of the people in the United States pay 95% of the taxes collected. I am certainly not one of these 5% but I do recognize that the wealthy in this country support the rest of us as they pay their share and our share of the taxes. They also produce the jobs through business ownership and investments to companies so that they can expand and offer jobs to the rest of us. It takes this type of investments and business ownership to run this country and probably the rest of the countries as well.
How many people do not file taxes in the US?
The IRS processed 78 million tax returns in 2008. <><> According to the Related Link below, approximately 47 % of the households paid no taxes in 2009.
Is interest paid on promissary note tax deductible?
We are holding a promissary note, on a sale of a rental. Will the people owing the money to us be able to claim the interest on their taxes?
What are some taxes paid in the US?
Some taxes hat are paid in the U.S is: taxes for laws, for money, and some paid for child care
What is the total of all taxes paid in the US?
feaderal taxes
What is the general term for all taxes paid to the national government in the US?
federal taxes. ---PLATO
What is the average overall taxes paid by US citizens remember when a product is bought the taxes of all involved with the product are also paid?
Roughly 100%.
Is it true that Exxon Mobil paid no US taxes in 2009?
That does seem to be correct no taxes were paid to the IRS for the Tax year 2009 by Exxon Mobil.
What type of income taxes were paid by US citizens in early 1800's?
income taxes didn't exist back then.
Why do most wealthy nations have much higher taxes than the US does?
They supply more government-financed services
How much does the President of the US get paid monthly after taxes?
The monthly salary before taxes in $33,333,33 ( $ 400,000 per year). Take-home depends on the number of dependents.
Are US companies in Canada subject to US corporate tax?
Yes, but they will get a credit for taxes paid to Canada.
Do congress have to paid federal taxes?
Yes. All US citizens, including the President, pay taxes exactly the same way.
What is the average after tax profit margin of a US supermarket?
One percent after taxes
In us economy who produces Public goods?
The US government, sometimes the job is contracted out to private companies paid by your taxes.
