We're the United States of America. Remember that. States rights and all.
So each individual state has it's own laws, taxes, etc. You have to pay two taxes, state and federal. Generally you file them separately and if you're real lucky you get to pay township or city taxes as well.
Okay, fine. But the folks in state know the folks in federal. They have to stay in touch. So why can't you pay your bread to state and they can give some to federal? They're the ones in the union, not you. Why are you doing their job?
Just finished up my taxes. I owe the Feds $78.00 this year and the state owes me $10.00 which I am putting toward next year's taxes.
I wrote in the memo of my check. "For use in feeding hungry soldiers only. Please do not give to banks or automobile industry, nor place in stimulus package".
Okay, fine. But the folks in state know the folks in federal. They have to stay in touch. So why can't you pay your bread to state and they can give some to federal? They're the ones in the union, not you. Why are you doing their job?
Technically, it is our duty as citizens to pay taxes. To answer your other questions:
It's two separate entities actually. The state and federal governments are aware of each other's existence but are in no way affiliated. In addition, they take completely different data into account when taxing you and they have different tax credits and different standards to receive them. It's a fairly complicated business. That's why you have file separate tax returns. Now you can do them online and some programs will separately file them based on your information. I prefer to do them myself.
Technically, it is our duty as citizens to pay taxes. To answer your other questions:
It's two separate entities actually. The state and federal governments are aware of each other's existence but are in no way affiliated. In addition, they take completely different data into account when taxing you and they have different tax credits and different standards to receive them. It's a fairly complicated business. That's why you have file separate tax returns. Now you can do them online and some programs will separately file them based on your information. I prefer to do them myself.
Aha. So this tax thing, it's once a year? Your employer doesn't deduct taxes automatically? It sounds like a lot of people would get in trouble with a single big payment like that.
Aha. So this tax thing, it's once a year? Your employer doesn't deduct taxes automatically? It sounds like a lot of people would get in trouble with a single big payment like that.
We get a small tax taken out throughout the year. Then we pay the remainder if there is any now. Remember this is only income tax. There are also luxury, property, vehicle taxes as well. Those are paid at other times throughout the year.
We get a small tax taken out throughout the year. Then we pay the remainder if there is any now. Remember this is only income tax. There are also luxury, property, vehicle taxes as well. Those are paid at other times throughout the year.