Rosalva Steinmann: As far as April 15 is concerned they are the same.There are many other federal taxes, but these are usually hidden in the cost of things you pay for, like products and utilities.
Frank Gazaway: sub contractor labor taxable?
Ardath Templer: Income taxes refer to taxes collected on the 1040.There are also payroll taxes (fica/mc), excise taxes (gas, phone), estate and gift taxes....
Damion Oleksa: In most conversations, "Federal Taxes" and "Federal Income Taxes" refer to the same thing: a percentage of your taxable income paid to Uncle Sam and reported on an income tax return. However, as other users have mentioned, there are many other types of "federal taxes." There are trust and estate taxes, excise taxes, self-employment taxes, Social Security and Medicare "taxes," etc....Show more
Rena Pepe: Federal taxes are all federal taxes: Income, estate, gift, employment, excise.Income tax is one of the federal taxes.
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