What Percent of Income Taxes Do We Get Back?

Answer Everyone looks forward to a tax refund; it can be an unexpected bonus to receive a check in the mail or in your bank account. How much you get back depends on many factors, including the number of ... Read More »

Top Q&A For: What Percent of Income Taxes Do We Get Back

What percent of their income does the average American pay in taxes?

As of 2009, the Congressional Budget Office reported overall tax rates were 20.7 percent of the average American's income. However, according to an estimate by the Tax Policy Center, nearly 65.6 mi... Read More »

Who pays the largest percent of income taxes?

Information reported by the Internal Revenue Service in 2007 states that the nation’s highest earners (those making an adjusted gross income of $66,532 or more) pay the largest percent of income ... Read More »

How long can you go back to refile income taxes?

Refile tax returns within three years of the original filing date or tax extensions. All due taxes must be paid for the three years or amended returns are only accepted for two years back. Submit F... Read More »

Statute of Limitations on Back Income Taxes in California?

A brief perusal of tax websites may lead you to believe that no statute of limitations exists for payment of California taxes. One site, for instance, flatly states, "Some [states], like California... Read More »