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What else can I help you with?
Is the federal government exempt from state taxes?
Yes, the Federal Government cannot be taxed by the states, however the States can be taxed by the Federal Government. Just like the State cannot be taxed by local municipalities and Municipalities cannot be taxed by Townships.
What are commonly taxed items?
Items that are commonly taxed include:beeralcohol / spiritscigarettes
What is the purpose for a saving bond?
Saving bonds is a debt security note from the United States Treasury that guarantees the repayment of the note. This was started to help the nation in it's borrowing needs. You will find that savings bonds can not be taxed by any state or local governments. Deferment on federal taxes is also a plus as you do not get taxed on that money until it reaches finial maturity and is cashed in.
Are items on sale taxed at the original price or the sales price?
Items that you buy are taxed on the actual amount that you paid for them.
What was passed in 1765 name 8 items which were taxed?
The Stamp Act was passed in 1765. Some taxed items were:paperstampsteanewspapersletterscardsdicepamphlets
Should items be taxed?
yes
When are lottery winnings taxed?
Lottery winnings are taxed as income by the federal government and most states.
How much is vacation payout taxed?
Vacation payout is typically taxed as regular income at the federal level, and may also be subject to state and local taxes. The exact amount of tax depends on your total income and tax bracket.
What were some of the items taxed under the townshed?
Basic items were taxed such as glass, tea, paper, and lead that colonists had to import becuase they didnt want to produce them.
Do you have to claim inheritance money on federal taxes?
Inheritances are not taxed by the federal income tax.
What did James Polk lower tariff on?
He changed the way you were taxed for shipping items. Instead of being taxed for the quantity of the item, you were taxed for the quality if the item.
What items get excise tax?
alcohol cigarettes and items like that are taxed with and excise tax
