Your question needs much more definition....and shows limited understanding of taxes, finance and such. Income taxes, sales taxes, property taxes, investment taxes, lots of others...Federal? State? Local? Average? (Consider something like 95% of all the taxes paid are paid by only 3% of the people....and almost 50% of all people not only don't pay, but actually receive more back than they pay....what possible importance is average?)
Try www.taxfoundation.org for lots of statistics and maybe it will help define what you want.
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
Sales tax is an example of an indirect tax. This is taxes that a consumer pays to someone else and then that other person pays the taxes to the government.
Yes. The way it works in most cases is that you pay FICA taxes in the amount of 6.2% of your gross income and your employer also pays the same amount. Also you are required to pay 1.45% of your gross income for Medicare tax and your employer also matches that amount. So in total you are paying for half of these two taxes and your employer pays for half of the total taxes for these two taxes.
is there an age limit on who pays fica taxes
A direct tax is a tax that is paid directly to the government by the person who is working. An indirect tax is when a person pays taxes to a store and then the store has to pay the taxes to the government.
1200.00
Paying taxes does not provide ownership. A person who pays another person's taxes is generally considered a volunteer.See related link.
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
The answer depends on what you meant by the "most" and "state residents". All residents pay the same federal income taxes. The amount of federal tax you pay depends on your income and not the state you live in. State income taxes vary by state. If you meant which state pays the most taxes then the answer is California. People in California collectively pay the most federal tax because of the state's large population. If you meant which state pays the most per person, on average, the answer is Deleware. The total taxible income of people in Deleware is very high compaired to its population. The District of Columbia actually pays the most per person, on average, but it is not a state.
All types of great data at: http://www.taxfoundation.org/research/show/250.html
Sales tax is an example of an indirect tax. This is taxes that a consumer pays to someone else and then that other person pays the taxes to the government.
Of course.
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
Yes. The way it works in most cases is that you pay FICA taxes in the amount of 6.2% of your gross income and your employer also pays the same amount. Also you are required to pay 1.45% of your gross income for Medicare tax and your employer also matches that amount. So in total you are paying for half of these two taxes and your employer pays for half of the total taxes for these two taxes.
(Internal Revenue Service)
is there an age limit on who pays fica taxes