type of taxes, when/how is this applied, how to calculate this
Property taxes are taxes imposed by the cities in your state, income tax is imposed by the Internal revenue Service, where the amount is cintigent upon your income
The difference between direct taxes and indirect taxes with examples is that direct taxes come directly from a person's income or personal property taxes. Indirect taxes comes from sales and excise taxes.
An ex-post-facto law, is one that is passed that criminalizes previous acts, and punishes the person for it. Such a law was passed by congress a few years ago, and it is surprising that it has not made it to the Supreme Court yet.
Property taxes
Property does not have an income tax return.
Federal income tax is a direct tax on income and not an indirect tax. Direct taxes are paid directly to the government.
Yes. They pay income taxes and property taxes and sales taxes.
I don't know if you are talking about income tax or property taxes. The answer is the same for both. In renting the house out you will pay income taxes on your gain from rental income and you will pay property taxes for the ownership of the property.
The sum of money placed on a persons property or income by the government is referred to as taxes. In the United States, these taxes are federal and state taxes.
After we did nothing
I think you can deduct your property taxes and the interest on your mortgage!
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
It is a tax levied on ownership of property by the government. It provides income to the government.