Income Tax
Why do we owe taxes?
Paying salaries of government workers, help pay for common resources, maintain roads, funds puplic libraries and parks
Who is liable for sales tax?
The seller is responsible for collecting it and remitting it to the state.
Who has to pay property tax?
anyone that has property
What are tax loopholes?
they help a person or business to avoid the scope of law or restriction without directly violating the law
Is sales tax required for internet transactions?
Yes.
How much are property taxes?
they vary depending on local tax rates, and a properties assessed value
What is a tax extension?
An extra 6 months to file.
What products are taxable?
Most tangible personal property is taxable. When in doubt, its probably taxed.
How many times will you receieve a property tax bill throughout the year?
taxing authorities (local and federal) bill at varying frequencies and varying times.
How much do you have to make to file a tax return?
$10,400
What is the sales tax amount?
It varies from state to state.
Why do we have to pay property tax?
the same reason for any other tax. To keep public buildings going, roads, law enforcement, paying government officials salaries.
What is the last day to file taxes in 2018?
April 17th.
What is sales tax?
a tax on sales or on the receipts from sales
Do people who rent have to pay property tax?
Renters pay their share of property taxes through their rent that is paid to a landlord. Its the landlords responsibility.