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According to the US Census (http://quickfacts.census.gov) the US has 115 million households. According to news reports, 45% to 47% of households do not pay Federal Income Tax. Using the figure of 54%, paying taxes, we get 62 million households paying Federal taxes.
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Citizens of the US pay income taxes on all money they earn?
Is not a true statement. Many people have income and pay noi tax, many types of income are not taxable, etc.
How many people pay income taxes in California?
35 percent
Does selling a boat count as income and do you have to pay income tax on that?
That depends on what you do for a living. If you sellf the boats for a true living then yes you have to pay income tax. But that's also because of the salary you make. AKA your paycheck.
Do professional punters pay income tax?
all people pay income tax.
Who pay income taxes?
the people
Do people without income or SSI qualify for medicaid if they have a 401k they are living off of?
Retirement accounts are considered available to pay for medical care.
Why does the cost of living keep rising?
because some people doesn't pay income tax and so thy need to increase the prices.
Do puerto ricans have to pay taxes?
Yes. As a U.S. citizen or resident alien, your worldwide income generally is subject to U.S. income tax regardless of where you are living. Also, you are subject to the same income tax return filing requirements that apply to U.S. citizens or residents living in the United States.
When you are 73 do you have to pay taxes?
Anyone who makes taxable income pays income tax. A 73 year old person in the US living on social security may not have to pay income tax, but will still have to file.
Do people in Puerto Rico pay income taxes?
No.
If you work after retirement do you pay taxes on that?
Yes. As long as you are still living and have enough gross worldwide income you will be required to file income tax returns and pay any income taxes that may be due. Even some of retirement income could also be taxable income on your income tax return.
What is sales taxes because of high-income people pay a smaller percentage of their income?
Regressive.
