Related Tax Questions
Do you have to file taxes on an inheritance?
Taxes are pretty strict. You must pay taxes on your income, your property, your estate, your goods and services you pay for every day, hotel taxes, and...... Read More
What taxes does a resident alien who married an illegal alien pay?
Even if you are a resident alien or a resident citizen, you are treated equally in terms of taxes. All income you receive...... Read More
Are taxes more with making less money or more money?
When you make a form of income throughout the year, you are subjected to pay taxes every year before the April 15th deadline. You are...... Read More
What is the maximum you can make without having to paying taxes?
Everybody must pay taxes if they make a sizable enough income. Typically if you have a job and you receive a wage, then chances are...... 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
Does an individual who sells a used car have to pay taxes on the money collected for the sale of the
Nobody likes to pay taxes because it takes out a big chunk of our overall income, and it is just a hassle sometimes. In the case where...... Read More
Do you claim section 8 rent on your taxes as income?
When you allow your home/apartment to be rented out under Section 8 guidelines, you are allowing lower income tenants to move in to...... Read More
What happens if you dont pay your taxes?
If you fail to pay your taxes, or even fail to file them altogether, the consequences could be dire. First and foremost, you receive...... Read More
Who collects state income taxes?
The way taxes work are that we pay them on the federal and the state level. Rates differ from state to state, but taxes generally work all the...... 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 percentage of taxes do people pay no matter what there income may be?
This question can be answered in many ways. First and foremost, the percentage of taxes you owe to the IRS every year is determined entirely...... 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