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Anyone with income above a certain level has to file a tax return on tax day. This income threshold changes every year and depends on your filing status and age. For example, a single taxpayer under age 65 had to file a 2011 return if their income was $9,500 or more. Different levels apply to all the other different filing statuses. You can see the various thresholds in the "Who Has to File IRS Form 1040?" link below.
As for who actually has to pay, that depends on your withholding. If enough tax was not withheld from your paycheck over the course of the year, then you will have to pay the IRS when you file your tax return.
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Sales tax is an example of?
Sales tax is an example of an indirect tax. This is taxes that a consumer pays to someone else and then that other person pays the taxes to the government.
Who pays FICA taxes?
employers pay the fica tax
Who pays on tax day?
people in America pay taxes on earned income for a given year on April 15 of the next year
What is the difference between death tax and estate tax?
Inheritance taxes and estate taxes differ only in who pays and to whom the tax is paid. Learn the differences between inheritance and estate taxes.
Where does mark webber pay tax?
He resides in the UK so pays taxes there, he likely pays more tax than the rest of the grid combined!
What is direct and direct tax?
A direct tax is a tax that is paid directly to the government by the person who is working. An indirect tax is when a person pays taxes to a store and then the store has to pay the taxes to the government.
What is Direct and indirect tax?
A direct tax is a tax that is paid directly to the government by the person who is working. An indirect tax is when a person pays taxes to a store and then the store has to pay the taxes to the government.
How do you find out who pays taxes at a home?
Check with the town tax assessor's office.
Who pays taxes on a condo in Staten Island ny?
Usually an owner pays property taxes on real estate property s/he owns. Depending on the tax, there may be another answer.
Who pays high taxes?
People that have certain tax people that make them pay a lot.
What is tax day?
The day your taxes are due.
What taxes are excluded from the calculation of EBIT?
Generally "taxes" is referring to income tax. Essentially, it is any tax a company pays but does not pass directly to its customers. Of course, all taxes are passed on but in the form of higher prices.
