 Legal Methods of Tax Avoidance as Protest? |
| First off,I don't believe or support the war in Iraq (never did, never will), and now my state legislature is looking at using some taxpayer money ($2 million in a state with population under 1 ... |
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 Payroll Tax mistake.... MY Fault come tax time? |
| I started working at this company in March. I filled out my W-4 correctly and turned it in. I never really payed attention to it on my pay stub, but in September, I realized that no Federal Tax was ... |
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 Last year my husband was employed at this company for 1yr? |
| Okay so he was an employee there and they never deducted social security or any taxes whatsoever so when he filed his taxes for that year the paperwork that was done was a self-employed is that the ... |
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 IRS bill because of an error made by my tax preparer who disappeared. Now what? |
| I received a bill for over $1500 due to some error that the person who prepared my taxes made. She has disappeared and is nowhere to be found. She also made a similar error on my brother's ... |
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 I e-filed my fed tax return 5 weeks ago. Not yet get it. What should I do? |
Additional Details
I got notice from IRS today. The delay was due to my bank rejected the fund transfer request from IRS. They are going to mail me a check in 3 weeks.... |
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 Who's responsibility is it to make sure enough tax is withheld from an employee's paycheck? |
| A friend of mine didn't have enough money taken out of her check and now owes the IRS about $700. She filled out her W-4 correctly to have the deductions withheld but her employer failed to ... |
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 Stupid TAXES!!? |
| this week I made $463.50 this is my first pay check.. how much will it be after taxes?... |
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 Okay So I owe the IRS.......? |
| I figured they would take my rebate check(stimulasis) Because they took my federal and I still owe them like 900 dollars but I got a paper in the mail saying they were sending out my check by 6/20 ... |
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 Should I go to an accountant or get a program to do my taxes? |
| I just opened a small business in May (yea!) as a sole-proprietorship. I've spent a ton on business related items to get me started. The only thing I've done with taxes is file my sales tax ... |
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 How many hours a week can i work before i have to pay income tax? |
| If i am working 2 part time jobs, how many hours can i work before i pay any tax?... |
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 Why doesn't the IRS make strippers pay taxes on their tips? |
| Why doesn't the IRS make strippers pay taxes on their tips, but cracking down on these poor Dunkin Donuts and other minimum wage employees? Does anybody know?... |
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 Why haven't I received my stimulus check yet? |
| My wife and I filed a joint return. We used TurboTax, but we had to pay in this year, so we mailed all the information along with a check to the IRS (and did so on April 14). Last two digits of her ... |
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 Irs FRAUD how do i report it and what will they do? |
| A friend of mines mom has been claiming her children for eight years, and they have never lived with there grandma. my friend is claiming foodstamps on the kids and they live with her, and they are ... |
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| Stimulus Rebate...? |
| What are your thoughts on the stimulus rebate?... |
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 Anyone want obama out? |
Take a Stand against the Obama Hype?
Take a stand people. Those who know why Obama is a bad choice need to do what others like myself have been doing, email, call or whatever to the Dem. O... |
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 Can you get in touble if you dont file a tax return?? |
| I did not file a tax return for 2006 but was due a refund of approximately 1100 for federal and 200 for north carolina state. Is there a penalty for not filing?? If i do file, will I get my refund ... |
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KEN | Dose anybody really pay 30% taxes? |
They say companys pay 30% taxes dose anybody here pay that? |
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Brad Son of Dad
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Each individual pays taxes on a tier system. Each tier has a rate (you always hear about "tax rates").
For example, here are the tax rates for a single person:
10%: from $0 to $8,025
15%: from $8,026 to $32,550
25%: from $32,551 to $78,850
28%: from $78,851 to $164,550
33%: from $164,551 to $357,700
35%: $357,701 and above
Companies have similar tiers. Just for argument, we'll say the above tiers are for companies. If they make more than $500K a year (and a lot of them do), then they will be so deep in that highest tax rate they can't help but pay 30%. |
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j-man
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The highest earners in the US pay 35%. Then they pay an additional 1.45% to medicare (higher if you are self-employed), and an additional 6.2% to social security (only on the first $92,000 made, and higher if you are self-employed). They they pay another 2-6% if they live in a state where there is an income tax (most states have one). And you may even pay another 1-3% to you city/county/township. And will even pay another 1-2% for their school board.
The 30% tax rate is correct. Some pay even higher rates than that. And that may not even include state, medicare, social security (they have to match whatever you pay), plus they pay state and federal unemployment taxes (the government calls this insurance, but it is a tax), as well as local taxes. Some states other crazy taxes on certain businesses.
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Sharon T
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Sure. People who earn high salaries pay more than that.
Others who receive much of their income from dividends and capital gains pay at a lower rate, but that may not last much longer. |
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Caitlyn's mummy ‹(•¿•)›
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in australia i pay 21%
and my father in law pays a wapping %47 |
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Gefilte Girl
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I sure do, about 32% I believe. |
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v b
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See tax form 1120, page 16. The corporate rates start at 15% and then go up to 35%.
Personal services corporation pay a flat 35% on net income (this is after employees are paid their salaries).
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bLAHBL
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Well I pay 22% in taxes...and then anytime I buy anything I pay taxes again! so that does come out to roughly 30% |
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Flyby
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The short answer is yes. The long answer is also yes. Most of us pay about 50% in taxes. We work from January until about May or June to pay all of our taxes. If you are talking about income taxes, there are those who pay that much and more. If most people actually sat down and calculated how much taxes they pay we would probably have a tax revolt on our hands. Just to give you an idea of some of the taxes you pay are as follows: City sales tax, county sales tax, state sales tax, state income tax, federal income tax, social security tax, medicare tax, medicaid tax, property tax, excise tax, fuel tax, franchise and excise tax, personality tax, inventory tax, drivers license tax, automobile tag tax, automobile title tax, continuity tax, water tax, sewer tax, garbage collection tax, and the list goes on and on. |
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wartz
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30% of what? |
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