How do taxes work in america?

Answer Taxes in the United States are money that is taken out of a person's income and given to the federal government to pay for necessities, like national security, infrastructure, education, food and d... Read More »

Top Q&A For: How do taxes work in america

Who pays the most income taxes in America?

A very small portion of the United States population pays the most in Federal income taxes. The top 1 percent of the American population, with annual incomes of more than $400,000, pays nearly 40 p... Read More »

What was the amount of taxes in america after ww2?

At the end of WWII the United States had a bottom income tax rate of 23 percent and an upper tax rate of 94 percent. Incomes over $500 were taxed at the bottom rate, while those earning over $1 mil... Read More »

How does TV in America work?

In Britain the airwaves were nationalized, and the BBC was set up to run the public airwaves. The idea was that the Government knew how to best run what was a public asset. In order to support the... Read More »

How do taxes work on stocks?

Regardless if the issue pertains to a reinvestment of dividends or reporting the sale of an equity, stocks have important tax consequences. This is often disheartening in a down market when stock s... Read More »