Do we really have to pay income tax?
97972
What you heard was probably one of the many scams invented to delay or avoid paying federal income tax - but every one of these excuses and defenses has been thrown out, and the people  who try to use them have been fined and/or jailed.
664454
Yes it is a form of income, so it must be claimed.
794762
I was under the impression that they pay tax and NIC, if this is the case, then they would have to be paid the minimum wage!
231737
Yes, you need to pay tax on it.  Just because you did not receive money -- you had income in either an S corporation or an LLC.  The income in these 2 entities is passed down to the owners of the business and is taxed at that level.
1165121
They will automatically take out 20% for income tax, plus a 10% penalty. Also you have to figure in your income tax bracket; ours is 28%
628826
I think obviously millions of people are,but if we dont pay this way then we would end up paying around 30% income tax.\nwhich would you prefer?
667192
No, from what you wrote you did not work and had no income tax withheld.  Only income tax is refunded in the USA.  Sales tax is leaved by local governments and they have no refund procedures nor are you entitled to any of these taxes back.\n\nYour home government my have some plan to give you money for this but I don't think so.
326947
No it's not fair but it is the way our taxes are stuctured..however most people think that the middle and low income levels pay the most taxes..HA!!
541362
no can pay anything but keep track of your miles as you can claim off you income tax the difference-it adds up quick
655913
Not unless you earn money in the United States. And then you would only have to pay taxes on what you earn in the United States while you live and work in a foreign country.
372095
Of course it is. IF profit exists quarterly, taxes must be paid quarterly. IF you have employees, SS wages must be paid whenever an amount exceeding 500.00 is due. IF filings and payments are not made, serious penalties and interest will be levied by the government agencies involved...federal, state, and often local. Sales taxes must be paid quarterly, on time. Otherwise, more fines will be levied.
480317
I bet you are thinking... hmm... maybe I can escape from paying some tax? I don't think so... as a US citizen you are obliged to pay tax whereever you make your money.\n\nUnless you make a company offshore.. another legal entity and set it up so you are an employee... etc etc..
114009
The short answer is no.\n\nTry Taxact.com.  It is free for everyone, regardless of income.
706652
If in the U.S.--- Pay Taxes!\n\n-EA
519166
at some point, we all have to pay tax... the question is how much... whether it's fair or not depends on the economy and of cos it's ppl... however, i don't think the gov cares...
1078492
My husband and I are one of "those folks".\n\nPersonally I favor a flat tax.  To me it is the fairest way to to tax individuals on their earned income.  If everyone where to pay say 20% (with no loop holes), then we would all be paying the same.  The only exception might be for the lowest of incomes, say those who make $20,000 or less.\n\nI do not believe it is fair to penalize someone for making money.  I have a good income because I have worked my butt off to get there.\n\nEnough said.
170339
All money we receive is taxable if you find a way out of it let us all know. Peace out!!!