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Sales tax is probably the tax that effects most of the people. Sales tax is collected on most things that are purchased by the end user so most everyone pays sales tax all the time.

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9y ago

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Which tax is paid most people in the us?

Sales tax.


Is the tax burden in the US too high compared to similarly developed countries?

Factually it is one of the lowest...even at either the highest US rate which is actually paid by few. Remember, in the US @3% of the people pay 95% of the tax, and @50% pay not tax at all.


Why the US personal income tax is considered a progressive tax?

As income increases the percentage of that paid as tax progressively increases. If it was a "flat tax" instead, the percentage paid would be constant regardless of income.


What is the tax ID of US Bank?

It is unclear which US bank is requested, However the tax ID of the US Bank Federal number is 31-0841368. This can be used by them to ensure their tax is paid correctly.


What is the tax id number of us bank?

It is unclear which US bank is requested, However the tax ID of the US Bank Federal number is 31-0841368. This can be used by them to ensure their tax is paid correctly.


Which tax withholding is required by the US Federal government?

You are required to have paid in at least a total equaling 90% of your total income tax paid in the previous tax year. If you do not have at least that much paid and applied to your tax for the current year through withholding and estimated tax payments then you will be subject to a tax penalty plus interest.


Are US companies in Canada subject to US corporate tax?

Yes, but they will get a credit for taxes paid to Canada.


How many taxpayers are there in the US?

For tax year 2005, 134,372,678 individual tax returns were filed. Of those filed, 99,880,223 actually had a tax liability and actually paid taxes. just one corporation (Exxon Mobil) in 2004, pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers paid in 2004 (most recent year available), which is 65,000,000 people! this is for 2004 without the withdrawl of tax payers who did not pay taxes


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 is a tax garnishment in the US?

A tax garnishment is a way of paying off a debt to the US Federal Tax Service. An amount is taken from the debtor's wage each time they are paid and put against paying off the debt.


What percent of the US taxes are paid by the wealthy?

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


What type of tax generates the most revenue for the US government?

Sales tax