Related Tax Questions
What tax do wage earners pay to the federal government?
The tax that all wage earners are required to pay to the federal government is the federal income tax. This tax is required by law to...... Read More
Who collects state income taxes?
The way taxes work are that we pay them on the federal and the state level. Rates differ from state to state, but taxes generally work all the...... Read More
Is the federal income tax a progressive tax or a regressive tax?
A progressive tax is when the government imposes a tax code that allows them to charge higher taxes to those who have a lot of income, while charging a lower rate to those with a lower income. A regressive tax is when the complete opposite happens. The go... Read More
How do you file state and federal taxes if you did not file last year?
We are subject to file our taxes at the federal and state level by the April 15th deadline every year. Failure to file and pay causes for...... Read More
How long does it take to get your federal tax return back in the mail?
Unfortunately, it does take quite awhile for you to receive your federal tax returns back in the mail. Ideally, it roughly takes about...... Read More
Do federal tax liens go away upon sale of the property to another owner?
Federal tax liens work in a way that when an owner of a property fails to pay their taxes, the government can establish a...... Read More
How do you calculate taxes?
Taxes work in many different ways, and come in many different forms. There are the federal and state income tax, property tax, estate...... Read More
What is the most important incentive of a taxation strategy?
There are many reasons why our government taxes us in so many ways. We have to pay income tax on the federal and state...... Read More
What is the California state income tax rate?
The California state income tax rate is a very different rate as opposed to other states. Most states impose one specific rate for...... Read More
Are federal taxes deductible on state taxes?
A deduction, in terms for taxing purposes, is when a taxpayer is able to subtract a specific amount from his/her income that can be...... Read More
What is proportional tax and what is regressive tax and an example of each?
A proportional tax is a tax that takes income from all income groups so that the income tax rate is fixed. The amount that is...... Read More
When is the last day you can send in federal income tax forms?
Although there is no official time for when you can actually start to file your tax return to the IRS, there is a strict deadline for when they need to be filed, and that day is...... Read More