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Where do individuals spend their income from the resources they sell?
Wiki User
∙ 10y ago
Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year. - See more at: http://www.chacha.com/question/what-do-individuals-spend-thier-income-from-resources-they-sell#sthash.32GMh1Pg.dpuf
Wiki User
∙ 10y ago
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Who pays more taxes corporations or individuals?
This is a great question since when we think about taxing the rich we think we are taxing individuals, but in reality we are taxing individuals and corporations. The question not answered is: should we be taxing corporations and just how many corporations are we talking about? Corporations are income producing organizations treated as individuals. Individuals may or may not be income producers, but even if they are not income producers, in the end, when they spend money they will provide opportunity for income to be produced. For example, a rich person buys an aircraft. The company who sells the aircraft, buys raw materials, pays employees, etc to manufacture and sell that aircraft. In other words, the rich person creates employment and profits. Corporations have slightly different paradigm to deal with. In order to produce something, they have to have capital to start their business. True, there some very rich individuals who can start their own corporations and fund them completely, of more often, business start slowly, building capital slowly, they borrow needed funds, (assuming they have capitol equity) or they sell shares to raise money. If they are taxed too much, that is money they do not have to invest in the business. The problem still remains, the business have to buy the manufacturing equipment before they can make taxable profits, so even if they can deduct the cost of doing business, they only can do so if there are profits. So in the end if we mistakenly confuse real business with individuals who have wealth we are over taxing our income generators.
When you sell land do you have to pay income tax in the state the land was located?
If the state has an income tax, then yes.
Do alaskans have to pay taxes on gold they mine?
When you sell the gold, that is income- and you will pay Federal Income Tax on that income, just like you pay on wages you earn.
If you sell personal property on craigslist is that money taxable income?
Yes
Is there an income tax on treasuries?
Interest payments on Treasuries are subject to federal income tax, but not state income tax. If you buy and sell Treasuries, any capital gains are also subject to federal and usually state income taxes.
Do you sell presidential coins?
Yes, you can sell them. You can also spend them.
Where is it possible to view aircraft sales?
Dennis Thompson International provides many resources for individuals to sell and buy an aircraft. They provide in person sales as well as online and in some cases will handle the purchase by phone if required. You may also go to www.aircraftdealer.com. They have a wide variety of aircraft classifieds and many resources for individuals to sell and buy an aircraft. If you can't find the aircraft for sale you need, send them an e-mail and they will find one for you.
Who pays more taxes corporations or individuals?
This is a great question since when we think about taxing the rich we think we are taxing individuals, but in reality we are taxing individuals and corporations. The question not answered is: should we be taxing corporations and just how many corporations are we talking about? Corporations are income producing organizations treated as individuals. Individuals may or may not be income producers, but even if they are not income producers, in the end, when they spend money they will provide opportunity for income to be produced. For example, a rich person buys an aircraft. The company who sells the aircraft, buys raw materials, pays employees, etc to manufacture and sell that aircraft. In other words, the rich person creates employment and profits. Corporations have slightly different paradigm to deal with. In order to produce something, they have to have capital to start their business. True, there some very rich individuals who can start their own corporations and fund them completely, of more often, business start slowly, building capital slowly, they borrow needed funds, (assuming they have capitol equity) or they sell shares to raise money. If they are taxed too much, that is money they do not have to invest in the business. The problem still remains, the business have to buy the manufacturing equipment before they can make taxable profits, so even if they can deduct the cost of doing business, they only can do so if there are profits. So in the end if we mistakenly confuse real business with individuals who have wealth we are over taxing our income generators.
What items does Bridge Base sell?
The company Bridge Base focuses primarily on selling educational tools. This can include resources for teachers, daycares, and even to individuals with their specialized toys for toddlers.
What natural resources do the british export?
They sell primary resources
What are the order of tom nooks shops on animal crossing wild world?
Nook's Cranny (start) Nook'n'Go (spend/sell 25000 bells) Nookway (spend/sell 65000 bells) Nookington's with hairdresser (spend/sell 240000 bells and have a friend shop in your town). !
How can you get a car donated to you?
I need a car, I'm very independent but I can't afford to buy a car, Please help.
What natural resources does germany sell?
Coal
Who does Australia sell most of their resources to?
noobb
Do you have to have a license to sell used auto parts?
No lots of individuals sell them on eBay and craigslist.
Can you sell your items in evony?
No, you cannot sell your items in evony unless they are resources. Then you can go to the market and click sell.
When you sell land do you have to pay income tax in the state the land was located?
If the state has an income tax, then yes.
