General Tax Information
Do you have to file taxes if you are under 18?
No
Does every American file state taxes?
No
What is known as one of the greatest events in history due to taxes?
The Boston Tea Party
What is the primary purpose of taxes?
To generate revenue for public services
What percentage of Americans file their taxes electronically?
91%
What was the name of the event that Ghandi sparked due to taxes in India?
The Salt March
What is a side hustle?
A side job that is outside of your normal job
What is the "Gig" economy?
The labor market that has many people earning income through part-time work
50%
Which agency of the federal government is responsible for collecting taxes?
Internal Revenue Service
Why would someone receive a tax return?
Someone would receive a refund if their job took out too many taxes over the course
When do you owe taxes on stock investments?
When you sell the stock, but only if the value went up while you had it.
When is the last day to file your taxes in America?
April 15th
Why would someone owe the government taxes instead of receiving a refund?
If their job did not take out enough taxes throughout the year
How many states do not charge state income tax? Name one.
9 states. Alaska, Florida, Nevada, New Hampshire, South Dakota, Texas, Tennessee, Washington, Wyoming