If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

If you had the option to decide how much to pay in federal income tax,what percentage would you pay?
by

1 Answer

Answer :

My effective rate is 15%, according to turbotax. I’d be willing to raise that 2 or 3 percent.
by

Related questions

We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

Description : We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

Last Answer : I can direct you to a law on a dot-gov website that states pretty darn clearly what happens to you if you don’t pay federal income taxes. You go to jail. So if by “voluntary” you mean, your choice is your money or your freedom, the suuuure, it’s voluntary.

I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Description : I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Last Answer : I would check the IRS website….but you probably do have to pay taxes on that income if it exceeds a certain amount.

If you could choose any automobile in the world to own (some one else will pay for it) what would you choose?

Description : If you could choose any automobile in the world to own (some one else will pay for it) what would you choose?

Last Answer : Lotus Evora – a blue one.

Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Description : Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Last Answer : I don't think a national sales tax is the answer. Now, I'm no economist, so my logic may be faulty but here goes: For the purposes of this example, assume all 3 families consist of 2 adults and ... fair and across the board is to go with a flat percentage rate tax on income only, paid by everyone.

the federal income tax is a _____ -General Knowledge

Description : the federal income tax is a _____ -General Knowledge

Last Answer : The federal income tax is a progressive tax.

What online personal income tax software for both federal and state taxes can you recommend?

Description : What online personal income tax software for both federal and state taxes can you recommend?

Last Answer : I recommend online personal income tax software for both federal and state taxes, as well as software to help you file an extension if you need it.cutt.ly/JjWSDSE

What branch of government determines or creates the federal income tax?

Description : What branch of government determines or creates the federal income tax?

Last Answer : Feel Free to Answer

What is income tax withheld from each paycheck and sent to the state or federal government?

Description : What is income tax withheld from each paycheck and sent to the state or federal government?

Last Answer : WithholdING taxes

Who would have more federal income tax withheld from emploee's paycheck with allowances?

Description : Who would have more federal income tax withheld from emploee's paycheck with allowances?

Last Answer : Need answer

What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Description : What will be the end result for the taxpayer who filed his federal income tax return using the 1040EZ form shown below?

Last Answer : he will owe $135

i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?

Description : i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ?

Last Answer : “i have 1099 income $24000. i'm single and no deduction, what's my federal tax payment for 2010 ”

I cannot find an address to send my federal income tax return to. Do you happen to know where I can find this address?

Description : I cannot find an address to send my federal income tax return to. Do you happen to know where I can find this address?

Last Answer : What is the mail to address for tthe IRS.GOV

Am I required to file federal income tax forms?

Description : Am I required to file federal income tax forms?

Last Answer : Most but not all people need to file federal income tax forms. If you do not meet the minimum income requirement, then you do not have to file for federal income tax.

Where can I find federal income tax forms online?

Description : Where can I find federal income tax forms online?

Last Answer : The best place to find federal income tax forms online is IRS.gov. There are multi year forms with instructions and the site is user friendly.

where can i pick up federal income tax forms?

Description : where can i pick up federal income tax forms?

Last Answer : the forms will be available at the post office soon but if you can't wait or for some reason they don't have them soon you can get the forms from the IRS website. where can I pick up forms ? Perkins Ok. 2000,2001,2003,2004

When cashing mature E bonds, can federal income tax be withheld from the interest paid on those bonds.?

Description : When cashing mature E bonds, can federal income tax be withheld from the interest paid on those bonds.?

Last Answer : The earned interest will be taxed the year they mature whether you cash them in or not

what was the of the federal income tax law in 1913, how many states were there, and how many states ratified the law?

Description : what was the of the federal income tax law in 1913, how many states were there, and how many states ratified the law?

Last Answer : The federal income tax law, otherwise known as the 16th amendment, allowed the Congress to create a federal income tax. This would allow Congress to create the tax at a rate that doesn't pertain ... to 42 states ratified. Three states rejected the amendment and three more simply did not act on it.

Where to find a federal income tax calculator for work at home people?

Description : Where to find a federal income tax calculator for work at home people?

Last Answer : you can find a tax calculator anywhere on line basically check out these websites they can help http://www.irs.gov/individuals/article/0,,id=96196,00.html"

Should I get a tax services company to help me fill out my federal income tax 1040 form?

Description : Should I get a tax services company to help me fill out my federal income tax 1040 form?

Last Answer : As you have never filed a 1040 tax form, it would be best to have a tax service assist you so no mistakes are made in the process. I recommend using a 1040 EZ form if your average income is less than $100,000 a year.

Which of the following is not a use of the federal income tax?

Description : Which of the following is not a use of the federal income tax?

Last Answer : presidential election campaigns

Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Description : Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax

4. Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Description : 4. Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax

1. The largest source of tax revenue for the federal government is: a. the personal income taxb. the social security taxc. the property taxd. the sales tax

Description : 1. The largest source of tax revenue for the federal government is: a. the personal income tax b. the social security tax c. the property tax d. the sales tax

Last Answer : a. the personal income tax

When is the last day you can send in your federal income tax forms? a. December 31 b. February 1 c. June 1 d. April 15

Description : When is the last day you can send in your federal income tax forms? a. December 31 b. February 1 c. June 1 d. April 15

Last Answer : Correct Answer: d. April 15

Who has to pay federal tax 1040?

Description : Who has to pay federal tax 1040?

Last Answer : The 1040 is the form that is filled out for federal taxes. It is the form that is used to figure out if you owe taxes to the IRS, or if the IRS owes you a refund. Everyone pays taxes, so this is a tool to help.

What you think of the Franz Kafka-like dream I had last night?

Description : What you think of the Franz Kafka-like dream I had last night?

Last Answer : That’s your guilt manifesting itself in the form of wanting to do something different.

What is the meaning of this dream, and have you ever had it or something similar?

Description : What is the meaning of this dream, and have you ever had it or something similar?

Last Answer : You have a fear of getting shit all over you and the house.

Have you ever had a dream, where a dog walks up to you, licks your ears, then whispers to you to clean out your ear wax, and call him later for a date?

Description : Have you ever had a dream, where a dog walks up to you, licks your ears, then whispers to you to clean out your ear wax, and call him later for a date?

Last Answer : It means your medication is no longer doing its job. Up the dosage—please. No! Wait a minute! You’re horny loli! What are you gonna do about it?

Have you ever hallucinated? Have you ever had to deal with someone who was hallucinating?

Description : Have you ever hallucinated? Have you ever had to deal with someone who was hallucinating?

Last Answer : I have had hallucinations from Percodan, when I was 18 and got my wisdom teeth out, and more recently, with Melatonin. Thankfully, I was given information at the time, about the possibility of hallucinations ... idea of being out of control, or in another dimension or whatever one wants to call it.

What Are Some Cool Dreams You've Had?

Description : What Are Some Cool Dreams You've Had?

Last Answer : I had one about an AI powered ATM being cross with me for cheating on it with another ATM.

I have had a dream the past three nights about the same person. Why?

Description : I have had a dream the past three nights about the same person. Why?

Last Answer : The first sentence of your description answers your own question.

Have you ever had a dream where you fell in love with someone you know...?

Description : Have you ever had a dream where you fell in love with someone you know...?

Last Answer : I myself have not, I humped a jelly in a dream once & she cut my cock off with a big knife

Have you ever had a lucid dream?

Description : Have you ever had a lucid dream?

Last Answer : Yes, only once too, but I distinctly remember, consciously thinking, this is a dream, just wake up and I did. haha I dreamed my car rolled down a hill above a lake or drainage canal of some sort and after I ... a dream and I woke up. What a relief, I didn't actually drive my car into a lake. lol

I had a dream that my best guy friend hugged me?

Description : I had a dream that my best guy friend hugged me?

Last Answer : Next time you see him, run up and hug him fiercely, and all will be determined.

What's the weirdest dream you've had?

Description : What's the weirdest dream you've had?

Last Answer : This one.

I had a strange dream...

Description : I had a strange dream...

Last Answer : No big deal, you dreamed he found you nice.

Have you ever had a dream like this?

Description : Have you ever had a dream like this?

Last Answer : Yes. I have dreamt of the nuclear apocalypse and subsequent alien invasion herding the remaining humans into camps

Have you ever had a dream, or a nightmare, that stayed with you for life?

Description : Have you ever had a dream, or a nightmare, that stayed with you for life?

Last Answer : Yes, and though I am no longer a believer in any sort of existence after death, I am almost convinced that through a dream I had about 25 years ago, my godmother must have somehow come to bid me farewell before ... . I don't want to go into it too much beacase to this day it affects me to the core!

Do you remember the dream you had when you just wake up?

Description : Do you remember the dream you had when you just wake up?

Last Answer : I don’t know, i’ve forgotten see.

How can I help my boyfriend feel better after a dream he had?

Description : How can I help my boyfriend feel better after a dream he had?

Last Answer : Tell him it’s only a dream and that you wouldn’t really do that. Just don’t worry. It could be just the fear of losing you. Try to talk with him about what his fears are and reassure him that there is nothing to fear. All you got to do is keep on loving him and care for him as you have.

For the past week, I've had some extremely realistic dreams, and I remember them easily. How often does this happen to you?

Description : For the past week, I've had some extremely realistic dreams, and I remember them easily. How often does this happen to you?

Last Answer : Almost all the time.

Describe a dream you had where you would want to live in?

Description : Describe a dream you had where you would want to live in?

Last Answer : Being married to Sailor Jupiter. In a heartbeat.

Has anyone ever had a dream where you get shot in the head and everything slowly fades to black around you?

Description : Has anyone ever had a dream where you get shot in the head and everything slowly fades to black around you?

Last Answer : answer:Someone somewhere probably has. I’ve died in dreams twice that I remember (quite vividly, even many years later): once by drowning and once by a sword through the throat.

What is the best dream or worst nightmare that you've recently had?

Description : What is the best dream or worst nightmare that you've recently had?

Last Answer : I usually can not remember my dreams, at least not in detail.

What do you make of this dream I had? (my turn to ask a dream question)

Description : What do you make of this dream I had? (my turn to ask a dream question)

Last Answer : This sounds like a classic anxiety dream. The feelings it engendered are more important than the visuals.

What is the strangest dream you've ever had?

Description : What is the strangest dream you've ever had?

Last Answer : answer:My brain has conjured some shitstorms while sick, haha. My junior year of high school I was sick during exam time and my exams were postponed. One night after everyone else had taken exams but ... group test required a group test REQUIRED. I woke up just as I was running from the house.

Have you had a dream or goal that you had to give up?

Description : Have you had a dream or goal that you had to give up?

Last Answer : I have recently given one up and am working on accepting that it will never happen. I’ll live…;)

I had a dream that my grandpa died and I had to go in for heart surgery what does this mean?

Description : I had a dream that my grandpa died and I had to go in for heart surgery what does this mean?

Last Answer : It means you probably ate some bad salami or something before bed. You will have to check with a palm reader to interpret your dreams.

What was the last bad dream you had that you can remember the details of?

Description : What was the last bad dream you had that you can remember the details of?

Last Answer : answer:I have two, but I can't recall the order they come in. I got a pretty bad drinking problem so these days, I don't remember much of my dreams at all, if I even have any lol. Well, in ... . Maybe there's some repressed event that fits into all of this and my mind just doesn't wanna remember. XD

Have you ever had a dream/nightmare come true ?

Description : Have you ever had a dream/nightmare come true ?

Last Answer : answer:Uh. Mostly. Depends on what. I often dreamed of doing things when I was younger, and, afterwards I actually did those things. But, I don't think there's a connection between the two. It is ... [or Greeks, not really sure, maybe both] believed that dreams come true, whether we like it or not.