Question

 Why do we need income taxes?

Answer Income taxes allow the government to provide services that average Americans cannot provide for themselves. Personal income taxes have been the largest provider of government revenue since 1950.Gov... Read More »
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Top Q&A For: Why do we need income taxes

Is retirement income exempt from state income taxes?

Every state handles taxation of retirement income differently. Seven states do not tax personal income at all, two only tax income from interest and dividends, and 36 states offer some type of excl... Read More »
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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 »
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How to Get Out of Estate Taxes & Income Taxes Without Moving States?

If you do not do any estate planning, your heirs could end up with a hefty estate tax and income tax bill when you die. The estate tax is a tax that is paid based on the total assessed value of you... Read More »
http://www.ehow.com/how_6821494_out-income-taxes-moving-states.html

Can You File State Income Taxes Before Federal Taxes?

Although you do not have to file your federal return first, many states' tax returns require information from your federal return. This means you will have to complete your federal return before yo... Read More »
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