Related Tax Questions
What is the California state income tax rate?
The California state income tax rate is a very different rate as opposed to other states. Most states impose one specific rate for...... 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
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
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
Do states with no income tax like Texas have to pay deferred money to baseball players?
Texas is one of nine states that does not enforce a mandated state income tax for its citizens. Instead the tax rates in all other areas are higher...... 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
Are federal taxes deductible on state taxes?
A deduction, in terms for taxing purposes, is when a taxpayer is able to subtract a specific amount from his/her income that can be...... 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
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
How do you remove a state tax lien which was discharged in Ch 7 bankruptcy 3 years ago?
A state tax lien is when the state places a control on your property that allows the government entity to have full power to...... 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
How far back can you go to get state income tax refund?
Tax refunds are the best part about filing and paying your taxes. Every year, depending on if your tax estimate is more or less than your actual...... Read More