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
My refund i paid my tax preparer came back to me why?
To answer your question, the taxes you pay on the money you earn (salary, income) is called income tax.
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.
The Tax's they take out of your Money.
A. A tax refund
Yes I am afraid so.It does not matter how you make income you have to pay tax on it.
A Roth IRA is funded with after-tax money and you do not pay taxes when you withdraw the money. A Traditional IRA is funded with pre-tax money and you pay taxes when you withdraw the money.
The council gets their money mainly from tax payers. They pay for roads so they can drive on them and park on them and they pay for a lot more as well and that is where the council get their money..its all thanks to tax payers.
From the tax we pay for the food we buy.