How Much Taxes Should I Pay?

This question is quite simple really you should pay whatever it is that you owe. You can determine your taxes by using the charts located on the IRS website. This will not include things such as medicare and medicaid deductions from your paycheck. Failure to pay your taxes results in not only a penalty fee but also high interest. Trust me the IRS will eventually catch up with and get their money. They can garnish your wages, take assets, take future tax refunds or make a payment arrangement with you. All of these are done until the full balance is paid but, remember the interest continues to accrue until you pay the full amount. You can find more information here: