 At what income level do you not have to pay income tax? |
| Is there an income level under which you don't owe tax?... |
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 Anyone get their 1/25 Tax Refund Deposited Today? |
Just checking to see if anyone with direct deposit has received their refund today. If you receive it, please post and let us know.
Good luck to everyone!
Additional Details
I... |
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 Should taxes go down or go up instead? |
| I ask because of robin hood and the crippling tax system which once supported the upper-classes; some money today goes to the lower-classes, like relief.... |
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 I haven't filed my taxes for 2 years. Is it too late to add those W2 forms? |
| I had multiple jobs in the past 2 years and never filed my taxes before. Now I'm wondering if I could still add those jobs from 2004 and 2005?... |
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 I have received an email from UK NATIONAL LOTTERY DESK ,FIRSTLY they order to pay courier chargers,can i trust |
| they have said that to 577pounds as courier charges and insurance basis then they will sent my winning check through courier .i am inCONFUSION MODE because sometimes these are gambling so please give ... |
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 Can I claim my boyfriend for income tax? |
| I'm curious to see if it is possible if I can claim my boyfriend for this year income tax. He's living with me and I pay for everything. He hasn't work for the past 2 years and I'... |
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 My husbands ex filed a joint tax with him? |
| My husbands ex for the past two years not including this current year has filed a joint tax with him while he has been finling single or like last year filed joint with me. We found this out when he ... |
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 Minimum wages in your city? |
I have been working at Seven Elven.
The wage is $5 per hour. I think this is illeagal.
What do you think about it ??
How much is the wage in your city?
Additional Details
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 I received this in my email... anyone else get this message? is it a scam? |
| After the last annual calculations of your fiscal activity we have determined that you are eligible to receive a tax refund of $63.80. Please submit the tax refund request and allow us 6-9 days in ... |
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 I have a $10,000 check coming my way in and don't want to have taxes withheld--what do I check off on the W-9? |
| I want the full 10k and the company is asking for a W-9 to be filled out. Do I just enter name, ss#, address and not check off the 'exempt' and 'individual' boxes on the W-9 form?... |
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 Married and Taxes? |
| I am getting married next month, Dec. Now my qeustion is does she have to include me on her taxes for 2007? I heard if we got married with in the first 6 months of the year, then she would have to. B... |
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 Fair market value of real estate? |
| My parents sold me a house for 1 cent with the clause that they live in it for their lifetimes. After their passing I sold the house. I have to file my taxes for that year. My accountant told me that ... |
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 Would you report someone you suspected was claiming working tax credits they weren't entitled to? |
| Basically.....they are getting £13,000 a year i believe they shouldn't, i have been on the tax credits website & based on what i believe they are earning they shouldn't be getting this.... |
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 Who has gotten their tax rebate check??? |
| Hi guys(and gals). I'd just like to know how many of you have gotten your Economic Stimulus Tax Rebate checks(by direct deposit), and if you have, what are the last 2 digits of your SSN? I am ... |
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 UK should takeaways PAY to clean the street at weekends? |
| Visit any town centre on a Saturday or Sunday morning. Pizza boxes and burger cartons are strewn everywhere and attract rats and other vermin, potentially spreading disease, and it costs a fortune to ... |
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 Taking out an extra $20 for your withholding tax every payday, Good or Bad idea? |
| I'm asking because I'm thinking of changing my W4 Form to take an extra 20 out every payday so next year I won't owe anything and might even get a little back.... |
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Steven B | Are individuals with at least 7 children/dependents exempt from paying taxes? |
A bus driver told me that after the birth of his seventh child he was permanently excluded from paying all taxes. |
 |
 
Josh
 |
It depends on how much you make, no you are not permantantly excluded from taxes. For each child you have you will get one exemption. Each exemption in 2006 is worth $3300. 7*3300= 23100. Plus you get one for yourself and one for your spouse, so that's an additional 6600+23100= $29700. If you are married you will also get a standard deduction of 10300 unless you itemize. so 10300+29700= $40,000. For federal tax, you can make up to $40,000 combined if you're married without being taxed one red cent. If you qualify for child tax credit, you can make even more without being taxed. Point is, you are not excluded from tax, but you will have to be making quite a lot in order to pay taxes. States taxes differ from federal and usually don't have as high of exemption rates as federal, so that amount would be lower, this goes for local/city taxes as well. There is also a flat tax called FICA that is taken out of your paychecks. Social security takes 6.2%, up to the first $90,000 income from an employer, and then medicare takes 1.45% from your check without a limit. So the total flat tax is 7.65%. I hope this answers your question! |
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Cols
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That's not true. I'm one of seven children and my parents paid taxes. |
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abbie24
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well right on more power to him if thats true but i wouldn't want to raise 7 kids just not to pay taxes are you kiding me......
thats way to many kids. |
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3eleven
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WTF? maybe for his salary range...but after those kids are grown, here come the taxes again |
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sbb_hssn
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no I think you have tpay taxes even if you have 20 kids |
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vspaulo
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I would say it varies from state to state, but then, taxes are government,no matter where you are. My neice said that she doesn't have to pay taxes if she has 12 kids. I told her, "Well, you're half way there, go for it!" |
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hogan.enterprises
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No, sorry. Employer tax withholding tables go up to 9 dependents and have formulas for additional. There is, however, the distinct possiblity that his tax bill will be $0, depending on how much he makes. |
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jleal76
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yes |
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cookie_monster
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no, they aren't. not generally, at least. due to other economic reasons, the bus driver might be exempt, but its not something that happens automatically. |
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sarah_lucio
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We have 7 kids. And we still pay taxes. |
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educated guess
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Get real! No you are not exempt from paying taxes. You are in a different bracket but the people who think they can just sit around and spit out tax deductions are not thinking about long term financial problems! |
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mama baracuda
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I live in WI years ago you got a predetermined amount back for each kid but that changed now if I had 7 it would be so much back for a couple of kids and the rest meant nothing. I don't know what state your in but it is very hard to believe because they are trying not to reward people for the more kids they have because that would just increase the amount of kids people had just to get out of it that's why you can only get welfare until the youngest is school age. |
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thinmint
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I'm reading the replies here and finally signed in and decided to answer. I know a family that has 10 kids from age 4-25 maybe? Anyway, I'm told that they would be exempt once they hit 12. Maybe true, maybe not. I have 4 children myself, and we pay taxes. I wouldn't want 12 or 7 or whatever the number is in order to be exempt. We do end up getting more back than we pay in most years, which is nice....but we still pay taxes. Think of the food bills and school bills, etc. Would it even matter much to not ay taxes? All the extra money would go out for clothes and food and such!! |
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brittme
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No, I don't think so. As far as I have been taught, all citizens are responsible for paying taxes unless they are exempt for reasons, and those I'm not sure about, but having children probably isn't one of them. I have 4 kids and trust me, we pay plenty of taxes each year. I think you should do some reasearch on the H & R Block or the IRS websites and see if it could be true. |
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