please give me an example
2006-12-22 14:15:58 · 9 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
It depends on the taxes. We are taxed in many ways that are not as obvious as income taxes. Have you ever bought gasoline? Cigarettes? Alcohol? Paid a utility bill? A cell phone bill? Do you own a home? Rent? Have you ever used money at all?
Even if you got rid of all material things, made everything you needed yourself, and subsistence farmed at a cabin in the woods, you would still have to pay some type of tax for the property. Depending on what you are farming though, you may receive a government subsidy, and probably come out ahead.
2006-12-22 14:24:48 · answer #1 · answered by Anonymous · 1⤊ 0⤋
There is a per capita tax that is more or less charging you for being an American citizen. It's around $15 and I think it's paid with your local taxes. Also, if you have a savings account, 401k, CDs, etc, you have to pay taxes on the interest that they've accumulated in the Federal taxes.
So if I were you, I'd file your taxes just to be safe, and if you don't make any money, then they won't be that hard, right?
2006-12-22 22:26:29 · answer #2 · answered by Kat K 2 · 1⤊ 4⤋
You only have to pay taxes if your income is OVER the standard deduction and personal exemption. For example, if you are single the SD=5,000 and PE=3,200, so if you don't make over 8,200 you don't have to pay any taxes, from whatever source that may be.
2006-12-23 08:05:35 · answer #3 · answered by Kevin K 3 · 3⤊ 0⤋
There are many forms of income besides salary & wages.
For example interest on savings, profits from buying/selling stocks, etc.
Go to http://www.irs.gov and click on the like for Form 1040 and take a look at the lines for various kinds of income.
2006-12-22 22:48:16 · answer #4 · answered by frugernity 6 · 2⤊ 0⤋
There are many kinds of taxable income (for federal income tax) other than wages. A few examples are pensions, interest on savings accounts or CD's, and profits from sale of assets (e.g. stocks, bonds, property).
2006-12-22 23:48:03 · answer #5 · answered by Judy 7 · 2⤊ 0⤋
There is always property tax. If you own a home, you need to pay taxes.
2006-12-22 22:21:00 · answer #6 · answered by baconshmals 2 · 1⤊ 0⤋
Even if you don't work and have income you still pay taxes on everything you buy except food even if you are using welfare money. Deodorant,hairspray,tools,makeup,shoes,cleaning supplies,clothes...etc.
2006-12-22 22:19:19 · answer #7 · answered by unicornfarie1 6 · 1⤊ 0⤋
i think it might depends where you live but generally if make less than $15,000 a year, you do not have to file taxes
2006-12-22 22:17:59 · answer #8 · answered by Anonymous · 1⤊ 3⤋
why do you think they call it "income" tax?
2006-12-22 22:18:02 · answer #9 · answered by Anonymous · 0⤊ 2⤋