Related Tax Questions
Can you Give examples of products with tariffs?
When the government hands down a tariff that means they are imposing a tax, or duty, that needs to be paid upon bringing in...... Read More
What are the differences between federal taxes and state taxes?
When the United States was created it was founded with the sole purpose of true democracy, and giving the power to the...... Read More
What are the differences between taxes and audits?
Taxes and audits are two completely different things. Taxes are mandatory payments you make to the government for being an income-earning...... Read More
What is proportional tax and what is regressive tax and an example of each?
A proportional tax is a tax that takes income from all income groups so that the income tax rate is fixed. The amount that is...... Read More
What kind of tax is a poll tax?
A poll tax acts differently than other taxes. Taxes like income tax, sales tax, and others depend on the value of what is being taxed. For...... Read More
How do you file state and federal taxes if you did not file last year?
We are subject to file our taxes at the federal and state level by the April 15th deadline every year. Failure to file and pay causes for...... Read More
If someone lives in Florida and they wish to divorce someone who lives in Tennessee where should the
Divorce is a major thing to do in one's life. Often times it is very expensive and can take serious emotional, physical, and psychological...... Read More
If your car gets repossessed and you choose not to pay for it can they take your tax return?
For most states, no your tax refund cannot be taken away and used as payment of your repossessed car if you decide not to pay for it; however, the lender can...... Read More
What does tax money get spent on?
Tax money is spent on pretty much everything you see around you. It pays for the public roads and highway systems, public and national...... Read More
How do you calculate taxes?
Taxes work in many different ways, and come in many different forms. There are the federal and state income tax, property tax, estate...... Read More
What are the advantages and disadvantages of inheritance tax?
The inheritance tax is a tax that is only imposed in six states, that initiates a tax rate against the inheritance of a beneficiary from...... Read More
Is the federal income tax a progressive tax or a regressive tax?
A progressive tax is when the government imposes a tax code that allows them to charge higher taxes to those who have a lot of income, while charging a lower rate to those with a lower income. A regressive tax is when the complete opposite happens. The go... Read More