2006-10-02 13:33:33 · 10 answers · asked by Dart 1 in Politics & Government ➔ Other - Politics & Government
$600 from one employer or $7200 in a year
2006-10-02 13:35:59 · answer #1 · answered by Anarchy99 7 · 0⤊ 0⤋
I don't think there's any amount of money that the government won't tax. Granted of course people don't want to work for pennies a day. That's just the way it is, you get employed, they give you a check, and Uncle Sam takes out his share every time, guaranteed, no matter if you're making 6/hr of 600/hr. Even if you have a job that pays you under the table, the IRS will probably eventually find out, sorry to say, and ask for their share.
2006-10-02 13:37:27 · answer #2 · answered by Jeremy L 3 · 0⤊ 0⤋
It's also different for each state, but I'm not sure about the exact federal amount. It probably changes depending on how much you file? It's a shame our tax code is so needlessly complicated, but a bigger shame that our taxes are so high. :(
2006-10-02 13:36:35 · answer #3 · answered by Eric578 3 · 0⤊ 0⤋
A person can give you a $11,000 gift each year without either of you having to pay tax on it.
2006-10-02 13:36:13 · answer #4 · answered by Skepticalist 5 · 0⤊ 0⤋
$600.00 otherwise it's taxed or you're sent a 1099 to pay the tax yourself at the end of the year.
2006-10-02 13:34:40 · answer #5 · answered by MEL T 7 · 0⤊ 0⤋
8 thousand pounds per annum.
2006-10-02 13:35:39 · answer #6 · answered by DeathIsNigh 2 · 0⤊ 0⤋
as a gift from someone it is $10,000.oo at a time!
2006-10-02 13:36:16 · answer #7 · answered by happy1here♥ 5 · 0⤊ 0⤋
if you are talking inheritance....$10000 IF it is gifted to you
2006-10-02 13:36:27 · answer #8 · answered by CrazyCatLady 4 · 0⤊ 0⤋
infinite
2006-10-02 13:36:14 · answer #9 · answered by Anonymous · 0⤊ 0⤋
$ 600.00
2006-10-02 13:36:47 · answer #10 · answered by fife4life 2 · 0⤊ 0⤋