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16th amendment to the Constitution In the US, others introduced it elswhere
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoThe 16th Amendment allowed the federal government to impose income taxes.
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What taxes are higher corporate or income taxes?
income taxes
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
Do 65 years old do you have to pay taxes?
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.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
An excess of income taxes expense over income taxes payable for a period is associated with?
a credit to deferred income taxes payable
Are federal income taxes deductible for federal corporate income taxes?
No, they are not.
What did the federal government create in 1861?
In 1861, the federal government created Income Tax.Income taxes.
What is Property taxes and income taxes are direct taxes?
type of taxes, when/how is this applied, how to calculate thisProperty taxes are taxes imposed by the cities in your state, income tax is imposed by the Internal revenue Service, where the amount is cintigent upon your income
Can managers file taxes?
Sure. If you have income, you are required to file income taxes.
Is Annual income before or after taxes?
It could be either one that you want it to be called.Annual income before taxes for the year.Or Annual income after taxes for the year.
Does annual income mean with taxes?
Annual income is gross salary before taxes. Net income is after taxes.
Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
