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Related Tax Questions
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
If a third party makes payments on a student loan or donates money to help someone pay off his or he
It really depends on the income of the person donating his/her money to pay off the student loan debt. Since the money given isn't...... 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
Which chamber of congress has the power to start laws that make people pay taxes?
In the United States Constitution, the first three articles showcase the separation of powers amongst the three branches of...... 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
What are the disadvantages of money?
Money has all of the advantages in the world, allowing us to buy what we need and want, while also providing us with a social...... 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
Can your trustee convert your Ch 7 to a Ch 13 if he decides that you will have enough money to make
When you file for Chapter 7 Bankruptcy, the courts will appoint a trustee to take control of your estate and liquidate your assets to pay off any debt you...... Read More
What are a democrats beliefs on taxes?
As Republicans seek to lower nationwide taxes in an effort to promote big business and to keep the wealthy from using their money elsewhere, Democrats...... Read More
Do you pay taxes on all or part of your social security benefits?
Social security benefits are very important, and how much money you put in for your SS is vital for how you will live out your...... 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
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