-
- Examples of direct taxes: Property tax, income tax and capital gains tax
- Examples of indirect taxes: Sales tax, goods and services tax
- Taxes fund government spending
- Public goods, such as public roads, public parks, schools and hospitals are funded by taxes
- Taxes can be used to allocate money from the rich to the poor
- Taxes can be used to dissuade activity, examples of such taxes are the pollution tax and the tax on cigarettes
-
-
Taxes are charges enforced by government-bodies on income, property, products and activity. There are two types of taxes, a direct tax and an indirect tax. The direct tax is generally paid by an individual or entity directly to the government. An indirect tax is generally paid to an intermediary by an individual or entity. The intermediary then distributes those funds to the government.
-
2007 U.S. Federal Tax Bracket
- $0 - $7,825: 10%
- $7,825 - $31,850: $782.50 plus a 15% charge on income over $7,825
- $31,850 - $77,100: 4,386.25 plus a 25% charge on income over $31,850
- $77,100 - $160,850: $15,698.75 plus a 28% charge on income over $77,100
- $160,850 - $349,700: $39,148.75 plus a 33% charge on income over $160,850
- $349,700 - no limit: $101,469.25 plus a 35% charge on income over $349,700
-
-
-
Taxes Questions
What is use tax? 1 AnswerA "use tax" is a tax imposed by a state to compensate for the sales tax lost when an item is purchased outside of the state, but is used within the state. read more
I won 1000 dollars. Does anyone know how much they are gonna take out in taxes? 1 AnswerAt my local casino, they don't make you sign a tax paper as a winner until you hit $1,500.oo so there's that. But no one can tell you how much you will actually... read more
Instead of Taxing soda, sweets or fatty foods, why doesn't the government just stop subsidizing them instead? 7 AnswersThat's a good question, dallaselvis, and I think that you are probably referring to subsidies for corn-growers, with that corn then being made into the corn syr... read more
Have you ever been audited? 7 AnswersI was audited once when I was 17/18. Why? They didn't believe that I was renting at age 18. I included rent receipts when I originally submitted my tax return..... read more
view more questions...
-
-
On Twitter Powered by Twitter
-
If ur pay < last yr, U will owe < #taxes. Refile form W-4 http://tinyurl.com/6wyqd 2 incr dependents. > takehome & Fed #Govt wont use ur $!
-
RT @marcorubio:With 11.2% unemployment in FL, now is definitely not the time for Senate health bill that would increase taxes by $493B #tcot
-
BREAKING NEWS:Senate Healthcare Bill Raises Taxes on Special Needs Kids&Families-http://bit.ly/6UUcxx #ATR #tcot(via @brianjohnsonmpa)#hcr
-
Damn taxes take away a lot but if i get married it will take less sounds like a plan any takers?
-
RT @marcorubio: With 11.2% unemployment in FL, now is definitely not the time for Senate health bill that would increase taxes by $493B ...
view more tweets...
-
About this page
-
Page Views0
This page currently has no vertical manager.
