What is a fair income and capital gains tax rate for the rich to pay?
In 2006 the top 2% paid 60% of all income taxes but earned only 30% of the income.
Shouldn't we lower their tax rate to make it more fair?
How mucy should I put aside to pay income tax in Illinois?
Hi, I am a Illinois resident and currently doing an internship in Florida.
I will be here only for 13 weeks and my expected income from this internship is $9880. I also have other sources of income from Illinois, so my expected total income for this year will be around 45~50K.
I heard that when I file an income tax report in Illinois, I will have to pay state income tax to Illinois for the Florida income portion, since Florida does not collect income tax.
Out of the income of $9880, how much should I put aside?
Thank you in advance for your answers.