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The United States has several levels of government.
The main national government that has jurisdiction over the entire country is known as the federal government.
Most of the United States is divided into smaller political subdivisions called "states." Examples of states are Florida, California, and Hawaii. These states have their own governments that have jurisdiction over local matters within their boundaries. (The United States also has several territories not located within states that do not have all of the rights of states, but do have their own governments. Examples are the District of Columbia where the federal capital is located, Puerto Rico, and Guam.)
A tax imposed by action of the federal government is called a federal tax.
A tax imposed by action of a state government is called a state tax.
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What is the difference between state and federal taxes?
You will want to consult with your tax specialist for each state you need to file your taxes with. Filing multi state returns can get very complicated, as each state has different rules. The only states that do not have state income tax is florida, Alaska and Nevada and New Hampshire and 5 others. If you live in a state which imposes tax you must file both federal and state tax returns each year.
What is the difference between a tax and a tariff?
Taxes are collected internally while tariffs are collected on imports.
What are four sources of government revenue?
Federal revenues come from a variety of sources that include payroll taxes and individual income taxes. Other sources of federal revenues are corporate income taxes and excise taxes.
Where does the federal government gets most of its revenue from?
Taxes
How many different types of federal taxes are there?
penis
What is the relationship between federal and state?
the relationship is one word "taxes"
What is the difference between state and federal taxes?
You will want to consult with your tax specialist for each state you need to file your taxes with. Filing multi state returns can get very complicated, as each state has different rules. The only states that do not have state income tax is florida, Alaska and Nevada and New Hampshire and 5 others. If you live in a state which imposes tax you must file both federal and state tax returns each year.
Does TurboTax do all federal state AND local taxes?
Yes, TurboTax has the capabilities of doing both federal and state income taxes. If you choose the free version for the federal taxes you will have to pay a fee to complete the state taxes.
What are federal estate taxes?
Federal state taxes are taxes to be paid to the federal government on owned property. Theses taxes are to be paid once a year.
Are social security taxes state taxes?
Social Security is a federal program. It is a federal "tax" not a state tax.
Do you have to send a copy of the state taxes with my federal taxes?
No
What is mandatory deductions?
state taxes, federal taxes, and local taxes.
How did events in Jackson's presidency reflect conflict between federal and state authority?
With various taxes
Can additional federal taxes paid in 2007 for tax year 2006 modify your state taxes for 2007 taxes?
No. While State taxes are a deduction to Federal income and hence may change your tax due to the Feds, your Federal tax does not effect your State taxes in any year.
Do you pay state and federal taxes on state pension?
no
Are state taxes deductible for federal corporate income taxes?
Yes, most state taxes are going to be deductible for federal taxes. Consult the tax manuals or your tax preparer for more information.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
