Why should income taxes be lower?

Answer Numerous attempts have been made to lower or abolish federal and state income taxes and replace them with other sources of revenue to fund the government. Opponents of the income tax say it unfairl... Read More »

Top Q&A For: Why should income taxes be lower

Do lower income citizens pay taxes?

According to the Internal Revenue Service, all citizens must pay taxes, including citizens who earn a low income. For citizens not to pay taxes, they would have to earn less than $600 dollars per y... Read More »

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 »

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 »

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 »