how much income tax will the government take off?
407136
Any bonuses paid will be taxed at the same rate as any other income.
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%
712296
31200 before tax taking one day off a year, unless it's leap year.  ;)  Then you get a whopping two days off.  \n\n15 an hour times 40 hours a week = 600 a week x 52 weeks (364 days) = 31200
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.
122353
I think a rough estimate in the United States is about 1/3 of income goes to federal income taxes of course it is higher if you make more and lower if you make less but I think that is average....\n\nThen depending on the state around 6% sales tax (some states don't have sales tax)\n\nThen if you own a house add in some property taxes usually 1.5% on the value of your home per year.
185375
Federal taxes are for the most part the same. Around 30% of your taxes go to the federal government. Now what percentage of your income that is taxed depends on your wages. \n\nState taxes vary (obviously) by state. In my state, most food and clothing are not taxed. Well, I'm sure it is but the tax may reflect in the individual price rather the total next to the 'tax' section on my reciept.
743906
Easily. The government figures out a way to tax it.
608267
They need to keep raising the tax free threshold so people on low incomes don't get taxed too harshly.\nThey also need to get rid of the double taxing on petrol - currently there is a 38 cents per litre petrol levy plus you pay 10% GST on the total
838996
No income tax is applicable on all income up to Rs. 100,000 per year. (Rs. 135,000 for women and Rs. 185,000 for senior citizens) \nFrom 100,001 to 150,000 : 10% of amount greater than Rs. 100,000 (Lower limit Rs. 135,001 for women and n/a to senior citizens) \nFrom 150,001 to 250,000 : 20% of amount greater than Rs. 151,000 + Rs. 5,000 (For women: Rs. 1500) (For senior citizens, the lower limit is Rs. 185,000) \nAbove 250,000 : 30% of amount greater than Rs. 250,000 + Rs. 25,000 (Rs. 21,500 for women and Rs. 13,000 for senior citizens)
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.
411870
Sure I do. Income tax is usually geared to help the wealthy, the people in power. If government income was to come from sales tax alone, and on everything except food it would much more fair for the poor. The more you buy, the more taxes you pay, what could be more fair?
1153408
I would change the federal income tax system to a federal sales tax. This would eliminate the huge tax burden from the upper and middle classes and make honest tax payers out of every consumer in the country.
969386
I don't know the exact answer, but my guess would be that if you sold it, the government would take the taxes out automatically
760651
we should raise the gas tax and lower the income tax
840374
The easiest income tax system would be to throw it out and implement a national sales tax.  Tax everything but food at a rate somewhere between 1 and 5 percent and people wouldn't even have to do taxes.  The only people doing taxes would be business owners and they are already doing state sales taxes, at least in the states that have sales tax.
106491
Raises taxes or lowers taxes.
522892
each person gets approximatley $76,923,076.92 before taxes