Yes, he does. Indirectly anyway. The President does not have direct control of this process. He does set the agenda and direction that the Congress is to go. The power is in the Congress. If they had morals they could resist the temptation to take more from the public and not provide a bill that raises taxes.
The President ultimately signs for the new tax bill and budget each year.
Another View: As an employee of the US Government, the President is subject to income taxes (and ALL other taxes) the same as any other individual citizen.
President of India's salary (as in case of Prime minister) is totally exempt from Income Tax.
To answer your question, the taxes you pay on the money you earn (salary, income) is called income tax.
Yes.
as per the indian government who is earning above 15k as net salary or net income they will have to pay the income tax
Yes. They pay taxes and publish what they pay.
That depends on what you do for a living. If you sellf the boats for a true living then yes you have to pay income tax. But that's also because of the salary you make. AKA your paycheck.
the tax taken from salary or wage is the nhs , govement taxes for petrol etc and pensions for the old, this is all taken from your income tax
If they are here legally, then yes they must pay income tax. This is assuming that they are working at a place that keeps track of employees salary. If they are just visiting, they obviously won't have to pay anything.
yes,he has to pay 30% of income tax ,, bhawna :P........ i m aayushi :P
In Afghanistan if your monthly salary is 5000 afs ($100) or less, you don't pay any income taxes. If it's more that 5000 afs you pay 2 percent in tax, if you earn more than 12,500 afs you pay 10 percent in tax, if you earn 100,000 afs, ($ 2000) and more, you pay 20 percent as income tax. But does everyone really pay his taxes?
what effect do pretax salary reductions have on the federal income tax?
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.