 IRS can freeze my bank account if I dont have ssn? |
| I opened a bank account without ssn (F1 Visa) and now I'm getting paid for some freelance work I am doing. Is true that IRS can freeze my account if I have more that $1000 because I'm not ... |
|
 Can I claim her on my taxes? |
| Can I claim my unworking not in school girlfriend? I pay for everything and her parents will not be claiming her. she's 22 and so am I. basically... she's a housewife and i'm the ... |
|
 Anyone in the uk? |
| panic buying petrol or diesel yet?... |
|
 My employer says that when I take sick time...? |
| I have to use a full 8 hours, even if I've worked enough during the week to only use an hour or two. For example, if I worked 9 hours day 1, 10 hours day 2, 9 hours day 3, and 9 hours day 4, and ... |
|
 My husband and I are divorced. He is $506 behind on child support. Will I be able to collect his taxes and how |
Additional Details
For the people that are rudely writing me about this. He is my ex husband now are you all happy. GEeez. We are divorced cause he wanted the divorce.... |
|
 If the rubbish collection in the UK will ONLY be fortnightly will the Council tax go down? |
| They will save a fortune if they cut out one weeks collections and what are the implications on ... |
|
 Why are tobacco users always singled out and highly taxed on tobacco? |
| As smokers we know that tobacco is bad for our health! But we are the ones that are penalized for it! We are the ones that have to pay more for our health insurance and high taxes on tobacco! Instead ... |
|
 Benifits in uk? |
| hiya, i need some help, me and my partner have been on benifits for about 5 months since our little girl was born, im not returning to work as i want to look after the little one but he has found a ... |
|
 At what age do i stop claiming my daughter? |
at what age do i stop claiming my daughter if she dosent work? if she dose work ill technicaly be still be supporting her, would i still be able to claim her?
thank you for your ... |
|
 What do you do with the pionts that you earn on here? |
| just wondering, what do you do with the pionts that you earn on here???... |
|
 Who has right to claim child??? |
| my childs father always claimed her on his taxes.. i never worked. this year i got a job and when I do taxes next year do i have the right to claim her??? he pays child suport every month and isnt ... |
|
|  |
mr man | Do people who get paid minimun wage have to pay taxes? |
|
 |
 
Josh
 |
It depends on how much you get paid in the year actually. Say you make minimum wage, which I will assume the federal minimum wage, some states have it higher already, which is 5.15/hour. If you are full time and work exactly 40 hours a week you will make $10712. Note this is considered poverty level, if you're independant. Tax on this will be calculated by deducting, if you're single and have no other deductions, the standard deduction of 5150 and a personal exemption of 3300. 10712 -3300-5150= 2262. This is in the 10% tax bracket and therefore tax liability for this income would be $226.20 for the year. State taxes usually offer their own exemptions and tax a rate on income as well, as do some local vicinities. FICA taxes 7.65% on all income regardless. FICA on this income would be $819.47. So as you can see, even minimum wage workers have to pay some taxes as well, dependant upon the yearly wage. Now, if you are a dependant of your parents or something, which could be, I don't know your situation, you can make up to $5150 without being taxed by federal. State taxes will vary and again no matter what you will pay 7.65% in FICA. I hope this helps. |
|
Royal Racer Ama a Dios
|
Only if they work at Walmart |
|
JoelMBA
 |
Let's not be so ignorant CATS4EVER. Immigrants, including the illegal ones come from many countries, not just Mexico. And when they work, they usually provide a fake social security number, under which they pay taxes, but they never file a 1040 to get some of it back, so for the most part they are doing their part in paying taxes. Unless of course they get paid cash, in which case it's the American public who pays and employs them that you should be angry at. |
|
David D
 |
Yes. |
|
JoeSchmoe06
|
yes, everyone pays income taxes.
however, for someone earning minimum wage, the tax bracket is so low, and they can take so many deductions and add back so many credits, that the likelihood of actually having to pay out any money is very slim. |
|
Proud Mommy
 |
Yes of course we do. |
|
sizzlincowgirl4life
|
yes anyone that has a job has to pay taxes no matter how much money you are making |
|
Classy Granny
 |
yes they do |
|
cats4ever2k1
|
we gotta support all those illegal immigrants from mexico ya know! |
|
giraffesdrinkingcoffee
|
Your wage doesn't determine whether you pay taxes, at least not entirely.
It also has to do with how many dependents you claim on your W-2 and your tax return. If you have a lot of people depending on you and you're the only source of income at minimum wage, then no, you probably won't have to pay (most) taxes. |
|
lilyann
|
Yes, they do! Also, if they get 40 hours a week, they pay FICA, too. They have no health coverage because they can't afford it, si if they get sick, tough. They don't make enough to take other deductions. No medicine, then, no job. |
|
Judy1
|
Josh has done the calculations for income tax and FICA. There is an "earned income credit" which would be available to those earning minimum wage and more: people between ages 25 and 65 with no "qualifying children" are eligible if their income is up to $11,750 if single, $13,750 if married filing jointly. If you have one qualifying child, can be under age 25, and can make up to $31030 single and $33030 mfj; with more than one qualifying child, can make up to $35,263 single, $37,263 mfj and still be eligible for the credit. If you meet all the rules, you can get this credit even if you don't owe any taxes. It's a little bit complicated, but if you think you might be eligible, be sure to check into it. |
|
Molly
|
Yes, they do. Think of taxes in different groups, payroll and income taxes.
Every employee paid (which limits and exceptions) has to pay social security and medicare taxes. For a person under roughly $100K, that's 7.65%.
Next are income taxes which can be both federal and state. Federal has a graduated rate, meaning each piece of income can be taxed at a particular rate. See the IRS website for more detail. At the end of the year it is possible for someone who makes very little to not end up owing any tax for the year (and get refunded anything paid in) because of exemptions and such.
And it has nothing to do with immigration. That's just a cheap cop out (to the first answerer). |
|
MOVING
|
If the government knows your making it their taxing it or you better at least pay them the taxes on it. Though people who make min. wage typically get money back at the end of the year also. |
|
funguy
|
Yes they do, any income has to pay taxes |
|
Rick L
|
Any income an employeer pays an employee is reported to the State and Federal government. Which you pay income tax on. |
|
anotherfalls
 |
yes they still have too |
|
edgarmacario21
|
yes |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
18 | 16 minutes(s) ago
| | | |
18 | 26 minutes(s) ago
| | | |
18 | 36 minutes(s) ago
| | | |
18 | 2 hour(s) ago
| | | |
18 | 7 hour(s) ago
| | | |
18 | 11 hour(s) ago
| | | |
18 | 2 day(s) ago
| | | |
18 | 5 day(s) ago
| | | |
18 | 1 week(s) ago
| | | |
18 | 3 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
