by Tdarcos » Sat Apr 15, 2023 9:30 am
AArdvark wrote: Sat Apr 15, 2023 8:31 am
How much federal tax do you pay, Commander?
None. It is not only non-taxable, for Federal and State Income Tax purposes it does not exist, meaning (as in my case) you don't even have to file a return, unless there is some additional benefit for doing so, then you may file a "zero return." That's one where you have no income or only legally unreportable income, so a return is optional. Basically, you have a zero in every required box (except name, address and occupation) thus the name.
[quote=AArdvark post_id=136701 time=1681572663 user_id=20]
How much federal tax do you pay, Commander?
[/quote]
None. It is not only non-taxable, for Federal and State Income Tax purposes it does not exist, meaning (as in my case) you don't even have to file a return, unless there is some additional benefit for doing so, then you may file a "zero return." That's one where you have no income or only legally unreportable income, so a return is optional. Basically, you have a zero in every required box (except name, address and occupation) thus the name.