Taxes Owed facts
While investigating facts about Taxes Owed Calculator and I Owe Taxes In 2018, I found out little known, but curios details like:
Adolf Hitler spent years evading taxes and owed German authorities 405,000 Reichsmarks, equivalent to $8 million today. Soon after he took power, He was declared free of tax obligations.
how to pay state taxes owed?
If Apple didn't hold $181B overseas, it would owe $59B in US taxes
What is the interest rate on federal taxes owed?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what if you can't pay taxes owed. Here are 31 of the best facts about Taxes Owed 2019 and Taxes Owed Calculator 2019 I managed to collect.
what if i owe taxes in 2018 stimulus check?
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After Rat-Packer Sammy Davis Jr died in 1990, his Widow soon discovered that he was nearly broke and owed back taxes. She then had his body exhumed to strip him of the $70,000 worth of jewelry he had been buried with.
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The "death tax" only affects estates worth $5.45 million per person. 99.8% of estates owe no tax.
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In March 2009, Italian officials announced that Maradona still owed the Italian government €37 million in taxes. They reported that thus far, Maradona has paid only €42,000, two luxury watches and a set of earrings.
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In 2007 it is estimated that 40% of households in the United States did not owe any federal income tax. Due to the economic downturn in subsequent years it is estimated that in 2012, 47% of American households did not owe any federal income taxes.
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In 2013 Jack White donated $142k of a total $152k owed in back taxes by the Detroit Masonic Temple, thereby preventing its foreclosure. In his honor, the Masonic Temple Association renamed the Scottish Rite Cathedral the Jack White Theater.
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President Nixon, after many years of refusing to release his tax returns, finally relented, saying "People have got to know whether or not their president is a crook. Well, I am not a crook.” After the investigation, he was forced to pay $465,000 in back taxes he owed.
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In 1971 Keith Richards and the Rolling Stones moved to France to evade taxes they owed the UK. They settled into a Parisian mansion that was a former Gestapo headquarters used for torture. Told of his new home's past, Keith Richards replied, "It's all right. We're here now. Fuck those people."
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President Nixon, after many years of refusing to release his tax returns for review, said "People have got to know whether or not their president is a crook. Well, I am not a crook.” After the investigation, he was forced to pay $465,000 in back taxes he owed.
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The IRS Whistleblower Office pays money to people who blow the whistle on persons who fail to pay the tax that they owe. If the IRS uses information provided by the whistleblower, it can award the whistleblower up to 30 percent of the additional tax, penalty and other amounts it collects.
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Between 1988 and 1989 Will Smith spent too much money and was found to owe $2.8 million in income taxes. He lost many possessions and his income was garnished. He almost went bankrupt.
Why are bonuses taxed at a higher rate?
You can easily fact check why is commission taxed higher by examining the linked well-known sources.
Fourteen year old, Warren Buffett filed his first Federal Tax Return in 1944, after earning a gross income of $592.50 on his newspaper route. He paid $7 in taxes after deducting $10 for watch repair and $30 in bike expenses. In today’s money, that’s $8,221.18 in income and $97.13 owed in taxes.
It is estimated that more than 300,000 federal U.S. employees owe taxes totaling more than $3.5 billion.
If you win $10,000 gambling, then lose $10,000 gambling, you will still owe the U.S. government ~$2,000 in taxes. - source
When Marty Feldman was asked about his political views, he replied "I'm a socialist from way back but in order to pay my back taxes I have to live in America to earn enough money to pay the back tax I owe to the socialist government that I voted in."
The famous billionaire and major DNC donor George Soros may owe up to 6.7 billion in unpaid taxes - source
When are taxes owed due?
The Rhode Island state tax return features multiple emoticons, including a Frowny Face if you owe money and a Smiley Face if you are getting a refund
How to calculate taxes owed?
Cumbria, England was largely part of Scotland prior to the Norman Invasion, northern and central Cumbria was not listed in the Domesday book which was an English survey to determine what taxes were owed based on land ownership
During the 1960's abd 70's, many popular British bands were required to pay 95% of their income in taxes in the UK. At one point, each of the members of The Rolling Stones owed the British government a quarter of a million dollars in taxes, an enormous sum at that time.
Pamela Anderson announced a multimillion dollar development on her grandmother's waterfront land on Vancouver Island. However, four years later the development still didn't happen and it was found that Anderson owed over $30,000 in property taxes to the town
The reason why so many Americans owe taxes this year instead of getting a refund is because not enough money was taken out of their paychecks during the year
The British Supreme Court held a case regarding whether Pringles were considered a "potato chip" or just a savory snack. The creators of Pringles, Procter & Gamble, owed the UK $160 million in taxes.
