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Saudi Arabia, Iraq, Iran, Turkey, Afghanstan, Cayman and many other places have no taxes. Some have only sales taxes but no income taxes.

Taxes breed coruption, in a perfect world they would be a benefit. But, place humans into the mix and there is greed. Where there is greed there is coruption.

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Can special taxes be placed on an estate true or false?

True. Special taxes, such as estate taxes or inheritance taxes, can be imposed on an estate based on its value and the jurisdiction's laws. These taxes are typically assessed when a person passes away and their assets are transferred to beneficiaries. The specific rates and regulations vary by country and sometimes by state or province.


True or false FICA taxes and federal income taxes are levied on employees earnings without limit?

False and True, in that order. FICA has limits, Fed inc doesn't.


Is it true that part of income and employment taxes is taken out of worker's paychecks before they even receive them?

Yes, it is true that part of income and employment taxes are taken out of a worker's paycheck before they receive them.


Are net taxes indirect business taxes minus transfer payments true or false?

False. Net taxes are typically defined as total taxes collected by the government minus transfer payments made to individuals, not as indirect business taxes. Indirect business taxes are a specific category of taxes, such as sales and excise taxes, but they do not encompass the entirety of net taxes.


When are income taxes in the USA due?

Federal income taxes must be filed by April 15th every year. Extensions can be filed for those people needing a little more time to prepare their taxes. The above is true for filing taxes; however, the actual income taxes are due when the income is earned. If income is not withheld by your employer or if you are self employed you will need to make quarterly estimated tax payments to fulfill your tax obligation.

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