Until Jan. 1, 2016, estates valued at over $2 million are subject to estate or inheritance tax in the state of Maine, states Nolo. The tax is levied directly on the estate, which includes the property of Maine residents and assets in Maine, such as real estate, that nonresidents own.
Pay your Pennsylvania inheritance tax when you file your inheritance tax return, or Form REV-1500, which is available on the Pennsylvania Department of Revenue website, according to Nolo. The form can be filled out online, but it must be printed and signed before filing. The executor or administrato
Everyone pays taxes in different forms and quantities. Those who work for wages pay income taxes proportional to their income, also called federal payroll taxes. People who buy and consume gasoline pay federal and state gas taxes, while homeowners and renters pay property taxes.
People pay taxes in order to facilitate the running of government with regard to payment of salaries and running of programs aimed at bringing development to the country. Payment of taxes is both a civic duty and a requirement of the law as articulated in the United States Constitution under the tax
Options for paying taxes online include paying by credit card or direct pay. When paying by credit card, a processing fee may apply, but paying via Direct Pay is free of charge.
The beneficiary must pay taxes on any income received from an inherited annuity. This tax is generally paid at the beneficiary's normal tax bracket, but large payout amounts can increase the beneficiary's income tax for that year.
Commercial and residential property owners in each of the 50 states are required to pay an annual real estate tax on their property, explains Scott Davis of Prager Metis Accountants. Individuals and businesses are assessed a personal property tax for vehicles and business equipment in most states as
The President of the United States is required to pay taxes. The president is paid a salary of $400,000 per year, and also has an expense account of $50,000 per year, a travel account of $100,000 per year and a $19,000 allowance for entertainment expenses.
Many factors affect the tax burden of a second job, but an additional $10,000 income annually increases federal income taxes between $1,000 and $3,960, depending on the individual's previous income and tax bracket, according to the 2014 tax rate tables at Bankrate. Other circumstances also affect th
The money raised through property taxes funds schools and other public services, such as police departments and sanitation, states the U.S. Department of the Treasury. In most cases, the more money a local government raises through property taxes, the more money a school receives, states SFGate.