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Academic research points to three reasons for the income tax; in descending order they are: 1) Political favoritism, 2) Social order, 3) Revenue generation.
Kinda blows doesn't it?
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∙ 12y ago
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Do immigrants pay the same amount of taxes as Americans?
Taxes on income earned in the US is the same for all wage earners.
Which countries don't pay income taxes?
Monaco doesn't pay income taxes
Will you pay taxes on your pension?
Yes could have to pay some income taxes on your pension income.
Is there a law saying that Americans have to pay taxes?
Yes. The 16th amendment to the constitution allows the US government to levy income taxes on the people.
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
How do African-Americans pay in taxes annually?
The same tax rate as white Americans! Depends on your income bracket. And no, not all Blacks are on welfare!
What is the amount of income individuals have after they save and pay their taxes?
= the amount of income individuals have after they save and pay their taxes? =
On loss income money do we pay taxes taxes on it?
Generally, if you have NET income after deductions and losses, you pay tax.
Do big companies have to pay income taxes?
Yes everyone has to pay income taxes no matter what even the president.
What do state income taxes not pay for?
State income taxes don't pay for road repair in other states.
Do police officers have to pay taxes?
Yes. They pay income taxes and property taxes and sales taxes.
Do Americans pay income taxes?
Some do. Some don't. I don't recall exactly what the number is but I think if your income is less than about $13,000 you are not required to pay income tax. You can probably find the exact number at irs.gov.
