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Related Tax Questions
How many months does the average worker need to work just to pay his annual tax bill?
The average American household brings in an average of approximately $50,000 of income every single year, with a +/- of $2,500. And every year...... Read More
What does representation mean?
One of the sole purposes in which our country was founded was our desire to have representation. When America was the... representation ~ action or speech on behalf of a person or group.a smaller way than presenting something... Read More
What was internal tax?
The internal tax was prevalent during the Colonial America times, during the 17th and 18th centuries. An internal tax was...... 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
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 the New York state income tax?
New York is a little bit like California in terms of how it conducts its state-wide income tax collection. Like the federal income tax, New York...... 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
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 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
What age does earned income credit stop?
When someone is granted Earned-Income Credit, or EIC for short, that means they, either single or married, are part of the working.... Read More
What allows the U.S. Congress to collect individual income taxes?
The 16th amendment permits the United States Congress to levy taxes on the individual incomes without dividing the revenue to the states. The amendment was passed in...... Read More
What tax do wage earners pay to the federal government?
The tax that all wage earners are required to pay to the federal government is the federal income tax. This tax is required by law to...... Read More