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Your question calls for an opinion. My opinion is we should not eliminate all Federal taxes. They pay for the Federal government to operate. That includes the military, transportation regulation (like air traffic controllers) government hospitals, courts, prisons, regulators like OSHA and the EPA, Center for Disease Control, Food & Drug Administration, etc.
What else can I help you with?
Do you withhold federal taxes for minors?
All taxes should be withheld on earned wages. If a minor has less than the standard deduction in UNEARNED income then they will not pay any Federal Tax... the state and local taxes depend on the state and locality.
Does TurboTax do all federal state AND local taxes?
Yes, TurboTax has the capabilities of doing both federal and state income taxes. If you choose the free version for the federal taxes you will have to pay a fee to complete the state taxes.
What does the United States Federal government do with the taxes?
They run the Federal Government, including paying all the politicians in office, the military, all the Federal workers for starters. The budget for all the government's activities is funded by the taxes.
Largest source of revenue for the federal government?
The largest source of revenue for the federal government has been individual income taxes and payroll taxes. These taxes account for 82% of all federal government income.
Why does the state government receive all of their money from the federal government?
The state governments do not receive all their money from the Federal government. The majority of their funds come from state income taxes, property taxes and sales taxes.
What is the general term for all taxes paid to the national government in the US?
federal taxes. ---PLATO
Are poll taxes illegal in all federal elections?
Yes, poll taxes are illegal in all government elections.
Can congress collect taxes on income as long as the taxes are the same for everyone in all states?
Yes and they do it's called Federal Taxes.
What is the use of the federal income tax?
Federal Income taxes are used to pay for every type of payment that the Federal Government makes. This includes Military, Homeland Security, Federal employees, Social Security, Medicare, Federal Parks, College and School Costs, Food Stamps, all Federal Welfare Programs, all Federal Departments, and everything else paid by the Federal Government including foreign aid. All these expenses and others are paid from income taxes and other taxes and fees.
If a debtor has a judgment against you are they able to take your federal income tax return?
All taxes federal , state or municipal comes first. All personal debt obligations comes after the taxes.
Are payroll taxes at a corporate level deductible on Federal form 1120?
All state and local taxes as well as FEDERAL PAYROLL TAXES are deductible when incurred on property or income relating to business. But, FEDERAL INCOME TAXES are not deductible. and Yea they are deductible on form 1120. Hope tht helps!
The federal government uses FICA taxes to pay for what?
All of the above ^_^
