How much tax is put on each dollar?

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I want to give my children $10,000 as a gift this year.?

Will they have to pay taxes on it? How would I report it on my income tax? This is all new to me but they are of an age I can now do it for them. From what I understand they won't but how do I ...

Why do we pay so much in this country?

My sister returned from Seattle this xmas and was shocked at how expensive it is to live here, the price of petrol, food, dining out etc. Why do we pay so much on ...

My husband and I were gifted $15,000 a piece this year by parents. Do we have to pay taxes on this $.?

I know the "gifters" will not be penalized, but do we also get a one time gift of up to $15000.00 without paying taxes?
Additional Details
So, say the limit is $10,000.00 on a ...

Why is fuel so expensive in the UK when most other countries are paying less ?

Bearing in mind we do actually produce some oil ourselves.
The Answer I believe is because taxing the motorist is the easy (lazy) option, whick requires no thought process at all and is a quick ...

Ive only just started working been 1 month, all employees here get christmas bonus..willi get one too...?

;[

AND how much on average do people get...as bonuses...[smallish central london law firm]...

Shouldn't obese people be hit with an extra environmental tax?

...

I had no income last year, but if i say i did, will i get a tax rebate?

i had no income, but if i write down i earned $3000, will i receive a rebate check? and how will it affect me next year, thanks
Additional Details
..will they ask me to send them money ...

What happens if I actually FORGOT to file my tax return for 2006?

I calculated all the stuff and paid my fair share but filed an extension then forgot about it....OOOPS. Now, when thinking about the 2007 tax position, I couldn't find my 2006 return and think I...

Has anyone received there stimulus check even when they used Turbo Tax to deduct the tax prep fee? I have read

Has anyone received there stimulus check even when they used Turbo Tax and SSB&T to deduct the tax prep fee? I have read that some people have had gotten there refund even after using SSB&T ...

I received a email from the United kingdom about a winnings of 1,000,000 but cannot email them back.?

The email address is unclaims agent officer 07@yahoo.co....

Will I get the tax rebate for my child that was born after the new year?

My child was born on January 7, 2008. Will he still qualify for the tax rebate? I am unclear as to when the cut off is... is it the end of 2007 or as of the date the tax rebate is approved?...

Tax fat people.?

Obesity is a major health hazard, affecting 20% of Westerners.

Isn't it time the community provided tax incentives for people to lose weight?

Some will argue that such a ...

Married 2007 filed single for 2008...what should I do?

My taxpayer lied to me. He told me it was ok to file single. What do I need to do? What are the consequences? I did not know about this until now...please help!...

What is 9% of 240?

...

I have been told that I am A winner of the sum of Â£500,000.00 and the couriers name is TNT International,?

but they have told me before the issue of this substantional amount that I would have to pay the couriers the sum of Â£379.00, which is not in my means, please could you advise me as to what to do ...

Hi i have 5 numbers plus the bonus on tonights lottery before i claim do i have to pay tax on the winnings?

...

Why can't the IRS tax the rich and actors MORE than the average person or family?

...

Do kids have to pay taxes?

i am 14 and have my own business. do i have to pay taxes at the end of the ...

The UK spongers?

hi i fell ive worked enough so i was wondering how you felt about me quiting my job and just sitting around all day going on the dole i mean alot of other people dont give a sh.it so why should i
...

So, it's may 2nd, and i still haven't received my stimulus rebate check. and my SSN 2 ending # is 12.?

did anyone else who fall in this categorie? have you received yours? I also didn't get a notice so i don't know if that might be a reason....

Sami J

How much tax is put on each dollar?

andrea kk47

depends on where you are....

tom4bucs

depends on where you buy it

our state has a 6% state tax
some counties add another 1%
and some cities add 1/4 to 1/2 %

and about 23% is imbedded as corporate tax -
you think they pay it? - haha - passed on to consumers

so lets get rid of the IRS!!!!! too !

Mr. Fisher

I'm not exactly sure what you mean by tax. But in California sales tax is around 8%, or 8 cents per dollar, sales tax changes from town to town and from state to state.

Lisa E

Here, it's 6.75% but across the street it's 7.25%

Ashley

here its 8%

Its different in each state, and/or city withing state such as in Los Angeles, CA its 8.25%, however, in Orange County it is 7.25%,

bostonianinmo

Each dollar of what? Income? Property? Sales?

sara e

It depends on where you live. If you look at a receipt, it should tell you.

The Token Emo Kid

it dpends on were you live in MA it's 5% but i know others can be up to 7%
it usually varies from state to stae

mike

yeah it depends on where u live...in jacksonville, fl its 7%....

acadicon

Depends where you are. In B.C. it is 13%

whyme

In the U.S., if it's sales tax, it depends on the city, or county.

In the U.S., the 2008 income tax brackets are as follows:
http://allfinancialmatters.com/2007/09/26/a-preview-of-the-2008-federal-income-tax-brackets/

halfzeimer

It is said that you have to work through the end of May to cover all the different taxes you will pay in a year.ie: fed, state, local income taxes. Gasoline, sales, real estate, personal property, etc. If that's true, that means you're taxed at about 42 cents on the dollar.

dlb_blair

It depends on what kind of tax.

Income taxes depend on how much money you make and where you live. Federal taxes vary from 10-35% of your income depending on how much you make in a given year (your tax bracket). Additionally, your state will take out an additional percentage based on a similar bracket system, usually 2-10% of your income.

Sales tax is generally constant for all, but it varies from town to town and from state to state.

it depends on the location, where i live its seven cents to the dollar