Does the Federal Reserve Pay Taxes?

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There are ten answers to this question.

Best solution

Does the Federal Reserve pay taxes?

Answer:

Sort of. As a quasi-government agency, it does not pay income taxes like a for-profit corporation. However...

Legit at Yahoo! Answers Mark as irrelevant Marked as irrelevant Undo

Other solutions

Why do American Citizens pay taxes to the Federal Reserve Bank although it is a privately owned Company?

Surley, it goes against human rights when citizens pay taxes into a privately owned Bank? The Federal reserve is owned by a few private individuals! All Taxes should be paid into and monitored by a Proper Tax department. Not by International Bankers...

Answer:

Aw, aren't conspiracy theorists cute? Take a bunch of unrelated facts, mix them all together and out...

liamardo... at Yahoo! Answers Mark as irrelevant Marked as irrelevant Undo

Why doesnt the federal reserve Pay Taxes, they are a private business?

YET, they would have all of us minimum wage surfs pay taxes and enforce a "Carbon tax" to be implement on us through United Nations international treaties, Isnt this hypocritical?

Answer:

They aren't really a private business. You have been reading too many conspiracy theories. The Federal...

Witnesso... at Yahoo! Answers Mark as irrelevant Marked as irrelevant Undo

Do you legally have to pay your federal income taxes? Because the federal reserve is not associated with the us government...

Answer:

Yes, everyone that makes income must pay federal income taxes. The amount is determined by the amount...

Anonymous at ChaCha Mark as irrelevant Marked as irrelevant Undo

GOP Presidential Nomination Race (2011-12): How viable is Ron Paul's proposal to slash $1 trillion from the budget, eliminate five federal bureaucracies, rein in the federal reserve, end nation building, pay down the debt and cut taxes?

See http://www.ronpaul2012.com/the-i...

Answer:

Politically, it's an open question. Elections decide that. Economically, Milton Friedman said that you...

Mark Hofer at Quora Mark as irrelevant Marked as irrelevant Undo

do you prefer to borrow from the federal reserve to start new government programs or raise taxes now to pay for new programs.

Answer:

If capitalism is such a great way, then let us see some government owned and operated businesses that...

goodbyebag at Answerbag.com Mark as irrelevant Marked as irrelevant Undo

If the US Federal Reserve is a private entity, does that mean it is obligated to pay taxes (for example on its interest revenue from the US Government)?

Answer:

Currently, all of its positive profit goes back into the treasury. FRB: Annual Report . Yup.

Viet Vu at Quora Mark as irrelevant Marked as irrelevant Undo

How much tax did the Federal Reserve pay this year on the interest they made from money they've loaned?

If the Federal Reserve is independent of the U.S. government do they pay taxes on their earned income from the interest that they charge on the money they loan to the U.S government? How much did they pay to Uncle Sam this year?

Answer:

100%. Any "profit" that the Fed generates goes straight back to the US Treasury.

Janis S at Yahoo! Answers Mark as irrelevant Marked as irrelevant Undo

DO YOU LIKE PAYING UNFAIR TAXES IN A FREE COUNTRY called the U.S.A. ?

WE pay enough taxes to live here...and YES, we should pay OUR fair share.... but when half the country is freeloading off the other half, how is that paying your fair share? It is how our dirty scummy politicians are spending OUR fair share of tax money...

Answer:

Too long, even if it's right, it makes you look like a rambling conspiracy theorist, shorten it and...

dogtear5 at Yahoo! Answers Mark as irrelevant Marked as irrelevant Undo

How come the Federal reserve can print money to lend but the Federal government can't do the same?

Does it make any sense for a banking institution to print money and then lend it to our government at interest? What did the bank do to deserve this unjust enrichment? The bank neither worked for nor earned this money that they lend. Why is the government...

Answer:

First let me say that Yahoo Answers does not provide enough space to respond with a complete answer...

jay at Yahoo! Answers Mark as irrelevant Marked as irrelevant Undo

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