Which amendment established the federal income tax?

Answer The Sixteenth Amendment to the United States Constitution allows Congress to tax people based on their income. This Amendment created the government's ability to tax incomes. The Sixteenth Amendmen... Read More »

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Which amendment started the federal income tax?

In 1913, the 16th Amendment to the U.S. Constitution made income tax permanent. Before that, the government had implemented an income tax to cover costs of the Civil War. After its elimination in 1... Read More »

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 »

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 »

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 »