If I retire and my income is $4500. a month, how much federal income tax will I pay?
what do large US corporations pay in Federal income tax
If you have taxable income, yes.
They don't have to pay federal income taxes.
No.
You would pay taxes on Unrelated Business Income.
The Federal government is the level of government we pay income taxes to.
No, it is a debt not income.
S corporations
S corporations
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.
Sure they would be required to file a 1040 federal income tax return and pay any income taxes that may be due. Under 950 of unearned income (did not work for income) would be required to file a 1040 federal income tax return and pay some income taxes on the amount over 950 of UNEARNED income.