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What else can I help you with?
How much tax will I pay for Obamacare?
The amount of tax you pay for Obamacare depends on your income and whether you have health insurance. If you do not have health insurance, you may have to pay a penalty called the individual mandate. This penalty is calculated based on your income and can vary. If you have health insurance through the marketplace, you may be eligible for premium tax credits to help lower your costs. It is best to consult with a tax professional for personalized advice.
What did Populist Party argue for?
they wanted the rich to pay more taxes
Why is progressive taxation considered a fairer way to distribute the tax burden among different income levels?
Progressive taxation is considered fairer because it imposes higher tax rates on individuals with higher incomes, resulting in those who can afford to pay more contributing a larger share of the tax burden. This helps to reduce income inequality and ensure that those with lower incomes are not disproportionately burdened by taxes.
Do you have to claim inheritance as income when filing your taxes?
In general, inheritance is not considered taxable income for federal tax purposes. However, any income earned from inherited assets, such as interest or dividends, may be subject to income tax. It's important to consult with a tax professional for specific guidance on how to handle inheritance when filing your taxes.
What are sources of public revenue?
Every state has different tax percentages and laws, so this answer differs. I'm going to start this in list form and people can easily contribute to the list. property taxes federal income tax state income tax car registration meal tax business permits building permits consumer tax fines tickets personal donations/ fund raisers
Do government workers pay income tax?
Yes, even the President, Congressman, Senators....all government employees.
What taxes do W2 employees pay?
W2 employees typically pay federal income tax, Social Security tax, and Medicare tax.
What income tax?
Income tax is the tax that the government takes out of the income you earn. It is the main form of taxes that the government receives from you. This money is used to pay for infrastructure, military, government employees, government programs such as welfare or grants, and anything else the government needs to pay for. The amount of taxes that are taken out of your paycheck depends on the income bracket in which you stand. Typically, if you make more money, you will be taxed a higher percentage.
What is taxed income?
Income tax is the tax that the government takes out of the income you earn. It is the main form of taxes that the government receives from you. This money is used to pay for infrastructure, military, government employees, government programs such as welfare or grants, and anything else the government needs to pay for. The amount of taxes that are taken out of your paycheck depends on the income bracket in which you stand. Typically, if you make more money, you will be taxed a higher percentage.
What two levels of government do you pay income tax to?
The Federal government is the level of government we pay income taxes to.
If employees who make more money pay a higher percentage of their income to the government this is known as?
flat taxation
Does the church have to pay income taxes on tithes?
No- churches and other tax-exempt charities do not pay income tax on the donations they are given. Church employees have to pay income tax on their salaries and the church must collect with-holding tax on these salaries.
Do I have to pay tax on my income?
Yes, individuals are required to pay taxes on their income to the government based on their earnings and tax laws.
Do you have to pay tax on your income?
Yes, individuals are required to pay taxes on their income to the government based on their earnings and tax laws.
Do students pay tax on their income?
Yes, students are generally required to pay tax on their income if it meets the threshold set by the government.
Do Australian politicians pay paye tax on their salaries?
Yes, Australian politicians are subject to the Pay As You Go (PAYG) tax system, which means they pay income tax on their salaries just like other employees. Their income is taxed at the same rates as the general public, and the tax is withheld by the government before they receive their pay. Additionally, politicians are required to declare their income and financial interests in accordance with transparency and accountability standards.
Why do you have income tax?
So that the government has some income to pay for all of the expenses of the government operations.
