compared to President Trump, there's an easy way to find out.Find your 1040, or the IRS form used to calculate your annual personal federal income taxes, for a given year. Turn to page 2, and look at line item 16.Line item 16 shows your "total tax," which is the total amount you paid in taxes for the year.
Line item 17 likely shows a larger number than line item 16. Line item 17 reveals how much your employer withheld from your paycheck for federal income tax for the year. But if you received a tax refund, then line item 16 has your refund amount subtracted from the amount withheld from your paychecks — this is the total amount you paid.When you file taxes, you either owe the government money or receive a refund.
Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners.
Not even close
Why would trump pay income tax when he takes 0 salary?
Or you have absolutely no idea how to do taxes
or it is one large Ponzi scheme
if you have a W2 then you probably did lol
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »