please give me an example
2006-12-22 14:15:55 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
There are two types of income - earned (wages, tips, salaries etc) and unearned income (interests, dividends, rent etc).
For someone who doesn't work, if s/he has any investment in stocks, money in banks, rental properties etc, will still pay tax.
Some tax credits are available to those who have earned income however. So someone who has income not from working wouldn't be eligible for those tax credits.
Best wishes.
2006-12-23 04:52:27 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
just on the things u buy or like on u house tax. or like if u buy a car tax but can't tax you.
2006-12-22 22:51:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Rental income, dividends, interest, royalties, and profitable sale of an asset.
2006-12-22 22:25:17 · answer #3 · answered by karen wonderful 6 · 0⤊ 0⤋