1099 limits

[rickj04910]

I understand that 1099 limits for sales during 2023 are $20000 and 2024 are $5000 but my question is this what are the state limits for a 1099?  Specifically from Alabama? Is there a list posted somewhere?   Thanks for any help.

[sylvercoins]

That's funny he earned 15 million from speeches and a book deal. How much was that taxed?

Big fat Zero!

[mam98031]

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@sylvercoins wrote:

How much did Hunter Biden pay?

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@sylvercoins 

Pay for what?

FYI Joe Biden is not on the hook for taxes his son may owe anymore than you might be for your kids or other relatives.

[mam98031]

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@sylvercoins wrote:

That's funny he earned 15 million from speeches and a book deal. How much was that taxed?

Big fat Zero!

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@sylvercoins 

I'm unsure as to where you are getting your information.  You are correct that in the 2 years following the time he was the Vice President, he earned 15m for speeches.  However it is untrue that he did not pay taxes.

"The tax returns released by Biden’s presidential campaign show the Bidens paid a federal income tax rate of 33.9 percent in 2017 and 33.4 percent in 2018, for a total income tax of $3.7 million and $1.5 million during those years. They gave away a combined $1.3 million to charity in 2017 and 2018."

https://www.politico.com/story/2019/07/09/bidens-earned-15-million-after-obama-administration-140415...

A simple Google search will return a whole lot of info on this subject from a variety of sources.

[sylvercoins]

I'm voting for Kennedy 

[dbfolks166mt]

That's funny he earned 15 million from speeches and a book deal. How much was that taxed?

Big fat Zero!

     Yes and he and his wife get all those extra perks like free food, armored car and all the White House help: cooks, servants, cleaning people and of course security protection. Even after they leave office taxpayers are forking over a lot of money for lifetime post presidential perks. 

[onefootflipper1]

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@luckythewinner wrote:

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@sylvercoins wrote:

I've made $19,000 each past 8 years and never paid a dime in Tax. I'm as big a tax scofflaw as the Bidens I guess!

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"President Joe Biden and his wife, Jill, made $579,514 last year and paid $137,658 in federal income taxes".

That's 23.5%.

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Once you are president your personal finances really only matter in theory. You are going to be one of the wealthy elite who is more limited by public opinion than money for the rest of your life no matter what you do. 

[mam98031]

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@sylvercoins wrote:

I'm voting for Kennedy 

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I'm glad you will be voting.  But there is no need to tell us who you will be voting for.  The fact that you are voting is what matters.  We are a diverse community and will have many different opinions on what is best for us and our country.  Which is fine.