Related Tax Questions
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
Do you pay state and federal taxes on worker's compensation?
If you happen to be injured while on the job, you are legally eligible for worker's compensation. Worker's compensation is the...... Read More
What does worker's comp pay out for an injury?
Injuries happen while you're on the job, most often with blue collar jobs that require manual labor in risky situations. When a worker...... 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
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
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
Which states don't have state taxes?
Unfortunately, all 50 states have taxes in some way, shape, or form. Otherwise their governments will not be able to function without having any...... 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
Do you have to pay taxes?
Taxes are the backbone that allows the government to maintain a stable society and infrastructure. It is the primary source of... ... Read More
When and how was federal income tax introduced?
Taxes have been around for a long period of time. The first form of taxes came from Ancient Egypt as citizens had to pay with labor or...... Read More
Can you find out if your tax refund will be taken for a past debt i.e student loans before you file?
Usually, if you already know that you have overdue taxes, child support owed, and/or student loan debt that you have accrued over time, then... ... Read More
Do the mother and father have to alternate claiming the child each year on their tax returns if they
When a married couple who have a child/children split up and file for divorce, the way taxes are done can be a tad tricky. After the divorce, depending...... Read More