Are gifts to ministers taxable income?
Do native Americans pay taxes?
Do you have to pay capital gains taxes on an inheritance?
Do you have to pay taxes on rental income?
How long does someone that makes $80,000 a year have to work to pay off his US income taxes for the year? (addl: Like, the equivalent of the first three months of work go to the Feds and then next 9 months are take home pay.)
How much money can I give as a gift to my daughter tax-free?
How much money can I make before I have to pay taxes on it?
advice government taxes
Question by Amyjane (20)
Answer by tamarawilhite (17883)
Yes. This is income that you must pay capital gains taxes on, which may be higher than your income tax rate.
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