Tax

Howdy Wall St. Willy! Some time ago we talked about income tax and you said that income tax is paid based on the amount of money that you earn. But how does the government know how much I have earned and how much income tax I need to pay? The government knows that because you …

Read MoreWhat is Filing an Income Tax Return?

  Howdy Wall Street Willy. I heard my parents talk about Income Tax. But what is income tax anyway? Well, income tax is tax that you pay on the money that you earn. Well, does everyone pay the same amount of income tax? No, they don’t because there are different tax brackets. Which means that …

Read MoreWhat is Income Tax?