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 What is the origin of the federal income tax?

Answer At one time fewer than 1 percent of Americans paid federal income tax. The federal government was mainly funded on tariffs and excise taxes until 1916 when the 16th Amendment established the feder... Read More »
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Top Q&A For: What is the origin of the federal income tax

What is the minimum amount of income needed to pay federal income tax?

The minimum amount of money needed to pay income taxes depends on filing status. As of 2009, those who are single need to make more than $9,350 in order to pay. If filing as a head of household, th... Read More »
http://www.answerbag.com/q_view/2249587

What income bracket pays federal income taxes?

All income brackets have people who have federal tax obligations, however, the amount of people who owe any taxes drops precipitously as income levels falls. According to the Tax Policy Center, onl... Read More »
http://www.answerbag.com/q_view/2067398

Is Inheritance money to be reported on federal income tax as income?

It is possible to have some taxable income from an inheritance the source and the type of income that is inherited is what will determine this. Inherited pension or IRA. If you inherited a pension... Read More »
http://wiki.answers.com/Q/Is_Inheritance_money_to_be_reported_on_federal_income_tax_as_...

Do federal employees pay federal income tax?

Federal employees, like nearly every other category of employee in the United States, are not exempt from paying federal income tax. The only exception is if they fail to make enough money to be re... Read More »
http://www.answerbag.com/q_view/2069367


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