Does the government take away more money from teenagers than adults?
2007-01-20 18:05:18 · 5 answers · asked by Dr. Vargas 2 in Business & Finance ➔ Taxes ➔ United States
The government has a table based on your income, and the number of exemptions you claim and whether you are married or single.
Generally, adults will earn much more than teenagers, so they will have a higher percentage witheld. However, if the adult had wife and 4 kids, they would have to earn a lot more in order to have much more taken out, than a single teenager with no kids.
2007-01-20 18:51:18 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
Taxes are based off of how much you make. Adults get more taxes generaly, only because they tend to make more money.
Next time you get upset about taxes just remember, that while the government doesn't always spend it wisely to is used to repair roads, pay public teachers, police officers, firepeople, etc. Our lives would be alot worse if we didn't pay taxes. And if that doesn't work imagine if we did the value added tax instead of an income tax.
2007-01-20 18:18:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you'll study the tax rate schedule you'll discover that the I R S gets 1 dollar for every 5 you make
2007-01-28 14:48:54 · answer #3 · answered by musicman 5 · 0⤊ 0⤋
For the first question more than they usally use.
For the second ??? they take more from adults because they have a retirement fund to mooch off of.
2007-01-20 18:13:39 · answer #4 · answered by B-ball_Killa 2 · 0⤊ 0⤋
NO I BELIEVE ONCE YOU GET A JOB IT DOES NOT MATTER THE AGE DUE TO THE FACT THAT YOU ARE GETTING MONEY TAKEN OUT OF YOUR PAYCHECK TOWARDS SOCIAL SECURITY AND OTHER BENEFIT PLANS.I THINK THEY TAKE OUT ABOUT 10 TO 15% OVERALL WHICH SUCKS BUT THAT'S LIFE.
2007-01-20 18:12:06 · answer #5 · answered by TrustinGod 1 · 0⤊ 0⤋