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Anyone who receives compensation in a given year has to file. But only about 45% of the people who are actually employed PAY income taxes. If a person is below a certain income level the government will give that person money from the rest of the working people to subsidize their laziness. Great system we have isn't it?
Generally, almost 50% of the people pay no tax at all, and 40% of those actually get money back in the form of a credit! Which makes sense because something like 95% of all tax is paid by 3% of the people!
A great unbiased think tank source for all types of tax info and perspectives is www.taxfoundation.org
Selena Halvorson
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When are Income taxes are due by?
April 15th is when yearly taxes are due. although an extension can be filed
What type of income taxes were paid by US citizens in early 1800's?
income taxes didn't exist back then.
Where does the government get its income to provide public services to its citizens?
The government gets its income to provide public services to its citizens from taxes.
What percentage of your income do you take out for taxes?
about 28%
Why do poll taxes hurt low income citizens?
Low income citizens cannot afford to pay the poll taxes. If they don't pay poll taxes, they can't vote. Incidentally, poll taxes have been outlawed in the United States.
When are income taxes in the USA due?
Federal income taxes must be filed by April 15th every year. Extensions can be filed for those people needing a little more time to prepare their taxes. The above is true for filing taxes; however, the actual income taxes are due when the income is earned. If income is not withheld by your employer or if you are self employed you will need to make quarterly estimated tax payments to fulfill your tax obligation.
What do you do when you have filed income taxes and then you receive more tax forms?
File an amendment.
What date is the deadline each year for when income taxes must be filed?
april
Are Illinois citizens required to pay income taxes?
Yes, Illinois has a state income tax.
The different type of taxes citizens pay?
There is Income taxes, sales taxes, property taxes and school taxes but probably much more than that.
How does the U.S. government get most of its money?
Through taxation. We pay taxes on income, things we buy and a certain amount included in the price of gasoline is also a tax.
What happens if you never file your state income taxes?
You have a best chance to fly under the radar if you have never filed taxes at all.
