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I am of the view that all segments of society must be treated when it comes to making an expenditure by the government;similarly all segemnts of economy must be treated equally when it comes to realizing revenues.So a large segment of economy cannot be left out of the tex net on the pretext that they grow food for us.They earn a big amount of money as profits and in modern times agri-industry is no different from other industries as the motive of both is profit maximization. Tauqeer Ahmad
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∙ 15y ago
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Are fixed income annuities taxed?
Yes, the income you receive will be taxed as ordinary income.
Are end of the year bonuses from work taxable income and if so should the bonus be added to your regular pays gross income and then taxed or should the bonus be a separate check taxed individually?
Yes, they are taxable income to the recipient. Whether the bonus is paid with regular income or as a separate check is immaterial. Bonuses are considered regular income by the IRS and taxed same as regular income is. The bonus is included in box 1 of the W2 as gross wages.
Do you get taxed on money saved?
Not taxed again on the after income tax money that you have saved but you are taxed on the earnings from the after income tax saved money.
How much of a business's income is taxed?
The amount that a business's income is taxed depends on which of the eight tax brackets they are in which are based on overall profit. They can be taxed from 15% to 35%.
What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?
The percentage of an income that is taxed will stay the same when income rises until that income reaches a certain point set by the government. A higher tax bracket may mean a higher portion of the income will be taxed.
Are US citizens taxed on how much they have in their savings account or taxed just on the amount of interest they earn from the savings account?
They are only taxed on the interest. The money in the account should have already had its tax paid as income.
What is the earning threshold for a child to pay taxes?
The child's income is essentially considered the income of the parent...so it is taxed at their rate, and presumably they have enough income to be taxed.
Is a military pension taxed?
Yes, it is income and all income is taxed.
How are cash dividends taxed?
Dividends, cash or otherwise, are taxed as ordinary income.
Does the IRS tax you on your checking account savings without interest?
No. You should only be taxed on income, not on your savings.
What are you being taxed on?
YOU are being taxed on all of your gross worldwide income from all sources that you have reported on your income tax return for the year.
How much is taxed are you taxed on 1476.00?
in Britain it is 17.5% tax rate and if that is your annual income then no.
