Related Tax Questions
Do I pay sales tax on a home purchase?
When you purchase a good of any kind, it is subject to a sales tax administered by the state/local governments. When it comes to purchasing...... Read More
What are linear taxes?
Unfortunately, we live in a world where taxes are kind of scary. They can be high, and they can be low. But one thing that's for sure is...... Read More
Is the federal income tax a progressive tax or a regressive tax?
A progressive tax is when the government imposes a tax code that allows them to charge higher taxes to those who have a lot of income, while charging a lower rate to those with a lower income. A regressive tax is when the complete opposite happens. The go... Read More
What is proportional tax and what is regressive tax and an example of each?
A proportional tax is a tax that takes income from all income groups so that the income tax rate is fixed. The amount that is...... Read More
What tax do wage earners pay to the federal government?
The tax that all wage earners are required to pay to the federal government is the federal income tax. This tax is required by law to...... Read More
What are the advantages and disadvantages of inheritance tax?
The inheritance tax is a tax that is only imposed in six states, that initiates a tax rate against the inheritance of a beneficiary from...... Read More
Can I receive a tax refund greater than what I paid in?
A tax refund is treated like a payment of tax you made during the year. You get the credit, even if you do not owe tax.... Read More
What is the state tax rate in Florida?
This question depends on the type of state tax rate it is asking for. In regards for the sales tax rate, Florida has a rate of...... Read More
What is the pay-as-you-go system of tax collection?
The pay-as-you-go system of tax collection obviously differs from the normal system of tax collection because instead of...... Read More
How far back can you go to get state income tax refund?
Tax refunds are the best part about filing and paying your taxes. Every year, depending on if your tax estimate is more or less than your actual...... Read More
What was internal tax?
The internal tax was prevalent during the Colonial America times, during the 17th and 18th centuries. An internal tax was...... Read More