does anybody know how much tax a 65yr old person pay?
345180
It depends on were you live. Taxes are different in different states.
899114
The 6.2% social security tax is collected on the first $94,200 of income for a maximum of $5840.40.\n\nThe 1.45% Medicare tax has no maximum.
502754
First, it depends on which state you live in.\n\nThere are a variety of taxes that phone (and other utilities) like to pass down, especially excise taxes.  I would plan to pay anywhere from 10% to 15% in taxes.
1108851
£31,000\n\nYou get the first 4-6000 tax free, but im not sure what hte value is. I know its in that region.\nEverything you earn between (for arguements sake) £4000 and £26,000 is taxed at about 23%\nThen everything about £26,000 is taxed at 40%\n\nSo you will get 4000+(22,000x0.77)+(5000x0.60)= 4000+16,940+3000= £23,940\n\nThats just Income tax. Thats not including pension and all the other leakages.
208394
filing single, no deductions would be approx 16,500 gross pay with a tax liability of about $2500\n\nso 14,000 net pay\n\ni belive that would put you in the 15% tax bracket
558456
Just going by the information provided you will need to pay only Rs. 300/- as tax. With further information like, your age, any savings that you might have done, nature of the Income of Rs. 138000/- (Whether salary or business etc.), i can help you more in computing the exact liability.
154003
I hope this salary calculator works:\n\nhttp://www.homefair.com/homefair/calc/salcalc.html\n\nHere's a sales tax rate chart:\n\nhttp://www.taxfoundation.org/news/show/245.html
1081526
Well you have to first understand that all of the actual labe will be taxed ( in the US) as self employment, so you will have 15 percent social security tax on top of your normal income tax to pay.  So you have to add in at least 35 or 40 percent just to pay taxes or you will have a giant tax bill come next April.\n\nNext you need to know the costs of the matierals you are going to use.  If  you don't know the cost of them, go to the hardware store and price ( not sale prices) some of the standard material you will need, and then have thier phone number handy to call for prices.\n\nNext is experence, how long do you beleive the job will take, if you estimate 4 hours and it takes 8, oh well you did not make too much per hour but you learned.\n\nSo you take the cost of the materials ( add in a small amount for having to go get the material from the store and for some waste and what I call a fudge factor)  so I would add in 10 or 15 percent on the top of my estimate on material cost.\n\nSo you have your material cost,  \n\nnext you have to figure how much an hour you wish to clear after taxes, if you want to earn 20 dollars a hour you will basicly need to use 30 dollars since you know a factor is used in taxes.\n\nNext you will have overhead,  the cost of your truck, your gasoline, truck insurance.  are you going to be licenced ( that has a cost)  are you going to be bonded, insured for liablity or for workers comp and so on.\n\nIf you said yes to that, then you will have an overhead factor that can run from 15 to 30 percent of your labor cost.\n\nI will make a note,  if you don't have liability insurance, consider it.  I was at a ladies house one time and she complained latter I backed into her mail box,  she even sued me in small claims court ( her word that I did, my word I did not)   I paid for it.\n\nAnother time I was in a gentlemans house and a fitting fell onto his carpet causing a large grease stain,  guess what I had to pay for the cost of a carpet cleaning machine.  had it been worst or not came out, I would have had to buy new carpet.\n\nJust some thoughts.
441481
The link below details all rates, basically for the tax year 2005/06 (april 6th 2005 - April 5th 2006) the personal allowance was £4895 - you can earn this amount tax free, this year you can earn £5035 tax free
213731
Its not clear, which limits you are referring to but still -\n\nif you are referring to taxable limit it is Rs.4 Lakhs and if you are referring to rate of tax it is 12%
586748
You'd most likely bring home a lil over $700...$714 ish depending on how much they take out foe state tax...its about 100 for fed taxes, 55 for fica, and $13 for medicare
270286
The average income for taxpaying Americans over 14 years of age is about $32,000 a year.  The average Household has an income of about $36,000 a year.
471843
Hell! They barely pay any taxes now. It's right at 15%, while everybody else pays close to 30%. With the standard deductions that's what it all works out to be. Average people don't qualify for those deductions for a reason, and the reason is you pay most of the taxes.
1015106
The tax rate on Medicare is 1.45 and \nSocial Security is  6.2 percent\n\nEdit:  Here is a link you might find helpful\nhttp://www.payroll-taxes.com/PayrollTaxes/00000014.htm
911682
40% is a little much. Dont worry that taxpayers are not taxed enough. The 35% you get off from income tax withheld is only the overt taxes. There are many other taxes that you pay indirectly such as sales tax, energy levees, licenses, permits, lotteries, gasoline taxes, entertainment taxes, etc.\nHaving said that, the free health care etc is a good dangling carrot that is tempting to bite. Some countries pay all of the above  plus goods and services taxes and those are sometimes very costly too. In the end, when everything is costed out, you might pay out 50% of your gross income vs the other countries paying 56 to 60%. \nI hate to say this, but that is not too bad if the payback is for some of those social programs you mentioned will be put into place. Just make sure that those services are there and not just empty promises while you have already paid out your 40%
1060763
15% is not a whole number. It is .15 which is pretty close to 1/6. If you are paying tax you can bet that you will pay $1.43 for the tax which is a total of $10.93--another reason why math is so important--so you don't get overcharged.
172061
nothing on the first-ok, around $7000.  15% on the next $7000 to about $25000 (sorry, i didnt look these up).  $25K to $45K about 25%.  35% max.  But dont forget 7.5% social security, and 4.5% (?) medicare, both on $0-86000.  And dontdont forget, if you have dependents, each cuts out about $5000 (?) of income from being taxed.