I hope your not implying that you want to break the law and work under the table!
If you expect to live in our country and use our services such as police, 911, fire, and rescue you have to pay taxes. Therefore get off your lazy butt and go work a real job like most Americans!
And to answer your question about 10,000 a year, if that.
2007-07-05 14:43:22
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answer #1
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answered by CrimeLab 4
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Legally, the correct amount is zero.
If you are an employee, at a minimum, you will have Social Security taxes withheld from your paycheck. Once you have any earnings, it is subject to Social Security taxes.
If you ae looking to earn enough to avoid paying federal income tax, that number is not as clear cut. There are several things that you can do to reduce your income so you don't owe federal taxes. For example, as long as you have enough income and your employer allows it, you can contribute up to $15,500 in your 401(k) before you are liable for federal income tax. Also, you can have many deductions that will lower your taxable income before personal exemptions or tax credits are deducted.
It really depends on your situation. It's possible, that you can make $50,000 a year and still not have to pay any federal or state income tax.
2007-07-06 00:43:05
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answer #2
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answered by Steve 6
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As much as the standard deduction and personal exemption so it depends if you are married or since and over 65 or blind or claimed by a parent as a dependent.
You would still want to file if you had tax withheld to get a refund. You may get EITC even if you paid zero tax.
2007-07-05 14:51:03
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answer #3
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answered by shipwreck 7
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If your self-employed you can make only $400 without having to pay anything.
If you are an employee, you can make around $8500 as a single person without paying federal income taxes.
2007-07-05 15:15:45
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answer #4
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answered by Wayne Z 7
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Depends on how many tax deductions that you have. The more tax deductions the less taxable income that you have. If your tax deductions = your taxable income, you would have no tax liability.
2007-07-05 15:39:48
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answer #5
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answered by esi_money 2
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just give me the fuckink answers only now !!!!!
2015-12-04 17:37:18
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answer #6
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answered by Richard 1
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