2007-04-11 19:05:25 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
money you recieve under a workmans compensation plan that is for an occupational sickness or illness are most probably not taxable. you can go to www.irs.gov and download publication 525 and check. that pub lists what income is and is not taxable.
2007-04-11 19:27:43 · answer #1 · answered by Romans 1:22 4 · 0⤊ 0⤋
yet doesnt Warren Buffett also create alot of jobs? What does he do with the money he's not any longer taxed on? Does he keep it less than a mattress, or does he make investments it which lower back creates more effective jobs, and help the commercial equipment out? i comprehend he elements an brilliant share of his wealth to charity also, would you extremely him pay taxes. i'd fairly have Warren Buffett in value of his very personal money, fairly than our authorities, they have proved time and time lower back, Dem or Rep, that they dont comprehend the thanks to change money acceptable. for sure Buffett does. also i'd favor to acceptable common what tax bracket his receptionist is in to get taxed that plenty in federal taxes? I dont even get taxed that plenty, and that i'm unmarried, no dependents, and make fairly sturdy money.
2016-12-03 21:32:51 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The IRS considers everything as income
2007-04-11 19:08:15 · answer #3 · answered by camden 3 · 0⤊ 3⤋
True workers comp, paid under a state program - no.
2007-04-11 19:21:21 · answer #4 · answered by Judy 7 · 0⤊ 0⤋