Tax is the name given to the money that is collected by a given state or nation. All people working in a given country are usually expected to pay taxes. This is how the government raises to money for different projects
Yes, IRA distributions are taxable. You do not pay tax while the money is in the account, but you pay tax when you withdraw the money.
on an estate settlement how much money in tax will i pay on $26000.00
No. They may have to pay gift tax. See discussions under that topic.
A. A tax refund
No, unless the amount is over $500
Depends on what the payback is for...if it for an overpayment of wages that were taxed when mistakenly given to you, you would not pay tax on that.
Tax is the name given to the money that is collected by a given state or nation. All people working in a given country are usually expected to pay taxes. This is how the government raises to money for different projects
To answer your question, the taxes you pay on the money you earn (salary, income) is called income tax.
Tax is the name given to the money that is collected by a given state or nation. All people working in a given country are usually expected to pay taxes. This is how the government raises to money for different projects
Yes, IRA distributions are taxable. You do not pay tax while the money is in the account, but you pay tax when you withdraw the money.
you pay from your job money
on an estate settlement how much money in tax will i pay on $26000.00
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.
No. They may have to pay gift tax. See discussions under that topic.
Plenty! You don't "pay tax" or "not pay tax" just because you're a "Billionaire" You are libel for tax on money you earned in a given year. If you purchase a new Jet aircraft worth $2.500,000, you will pay a% for sales tax. (i.e. 5% is $125,000). Let's say you put this money in a bank and let it draw interest at 6%; that's about $6,000,000. earned income; the US Gov't expects 52% a little over $3,500,000. Still thing the rich don't pay their share????? and think again.
The Tax's they take out of your Money.