 Why don't I ever get a good tax refund? |
| This year my friends, who all earn about the same amount of money as me, all got hundreds, if not thousands, of dollars back from tax returns. But every single year I get a total of like $4 back. T... |
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 When my baby is born in December, will I be eligible for a Child Tax Credit for 2008? |
| Just wondering how that works since the baby will only be about a month old when it's time to file taxes.... |
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 If the father of a child has full custody, can the mother claim him on her taxes? |
| The father has full custody of his son, he went to file his taxes and claim his son, and the tax place called him and told him that his ex claimed her son So there was nothing he can do, is this true?... |
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 How could one avoid income tax legally? |
| How could you do this and still be in good standing with the IRS?... |
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 What are our federal income taxes used for? |
Additional Details
oh and that is not me thumbing you guys down, probably some ignorant and naive Repub troll. just ignore the thumbs down ;)... |
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 Regarding the Tax rebate/refund that Bush has approved this May/June...? |
| How much is it again? I have heard $300 and I have heard $600. I'm aware that it varies based on your salary - I know you have to make less than $75,000 - and my friend only made $74000 which ... |
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 My boss didn't withheld any federal tax on my check? |
| I told my boss to take the min. amount on my check because before he was taking almost 80.00 per week,and at my old job my boss told me "i can take more money and you will recieve more, or i can&... |
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 Did you get your stimulus check to be mailed july 4th, where do you live? |
| I was wondering where those that got their checks that were to be mailed July 4th live. I live in PA and did not get it yet? I also got the letter saying I would get it by the 5th, but I was not ... |
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 Can you share turbo tax? |
| say you have a sibling too cheap to buy it .. can you share it without messing up my own taxes??... |
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 I am supporting my permanently disabled brother. Can I deduct any of these costs (rent,util,meds,etc)? |
| I know I can claim him as a dependent. But can I also deduct some of his expenses that I pay? His only income is social security disability, amounting to $700 per month. I chip in about $2300 per ... |
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 If u earned $524 last year do u have to pay em or will u get all ur money back?? |
| I need to know because i am only 17 and i only worked for months and wendys got paid biweekly...anywayz i really need to know because what i get back from taxes is going on my fiances apartment which ... |
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 Will I get the new refund everyone is talking about? |
| My parents still claim me as a dependent, but I've been filing my taxes for about 7 years now. I know I'll get my regular refund, but what about that extra $600-$1200 that was just approved ... |
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 I'm confused about the stimulus direct deposits---I used turbotax to do my taxes..? |
| I used turbotax to do my taxes but paid the fees with my debit card..does this mean i'm waiting for a check instead of a direct deposit?... |
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 Federal Income Tax Forms? and state income tax forms? |
| Where do I go to get a federal income tax form and a state income tax form?! Can i go into a H&R Block and get one and do i pay for them?!!... |
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Roadrat | Can anyone give me even ONE **good** reason why THIS wouldn't work **very** WELL? |
How can nearly all of the candidates for President (not to mention also most of those who are in Congress) possibly *not* realize that ALL of the complex problems associated with federal taxation would be eliminated FOREVER (and overnight!) by replacing the IRS with a National Sales Tax? It would be 100% fair to everyone, and the government would still glean just as much revenue. (And -- the people would have ALL of their income available to spend, as they chose. Which would make them wonderfully happy and content.) It's THAT easy! |
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Phil L
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With all due respect to people who preach about "fairness"...WAKE UP!! Life isn't fair. I think this plan is very interesting for the following reasons:
1. THE RICH WILL END UP PAYING MORE IN TAXES: many people that replied spoke as if both rich and the poor will purchase the same amount of everything in the same quality; hence poor will end up paying relatively more tax and therefore it's not fair. This argument is very flawed. The poor might spend $6.99 for a meal at McDonald's but the rich will spend $169.99 for a meal at gourmet restaurant. The poor will stay at a Red Roof In for $50/night while traveling but the rich will stay at the Ritz Carlton or St. Regis for $600/night. The poor will purchase milk at the local convenience store for $2.79/gallon but the rich will purchase milk at Whole Foods for $5.89/gallon. Also perhaps a more extensive luxury tax system could be implemented?
2. CURRENT SYSTEM IS VERY BIASED TOWARD THE RICH: The current system allows the wealthy with means to avoid taxation through variety of loopholes; hence many don't pay taxes at all. But by replacing such loopholes with a flat National Sales Tax, they are guaranteed to pay at least something (AMT??...yeah that's working well...it's mostly the middle-income people that pay it now). |
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Judy1
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Tell the couple with a child and income of $20,000 a year how fair your new system is, when instead of paying no federal income taxes under the current law and getting and earned income credit of over $2000, they end up paying a couple thousand or more in additional sales tax. I'm sure they will see how great it is, and not worry about the missing thousands of dollars from their budget. |
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CPA/PFS
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Here's one. It's regressive unless you tax all purchases. That would include investments such as real estate, stocks, bonds, etc. Otherwise the wealthy will pay a very low percentage in tax and the very poor will pay a very high percentage in tax.
As with all taxes, the devil is in the details. In this case, defining what is subject to the national sales tax. |
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bostonianinmo
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That's easy! The wealthy LOVE the idea since they'd save a bundle! (The wealthy amass wealth, they don't spend it all, contrary to the flawed logic of the "Fair Tax" proponents.) When you take the burden off of one group it has be made up by another. That would then fall to the middle class and the poor.
Since the rate would have to be 25% or higher there would be a LOT of black marketing activity trying to bypass the tax.
The "pre-bate" feature would generate more tax fraud than any other credit or payment scheme in history due to the amount of money involved.
There you go. Three solid reasons why such a tax is a TERRIBLE idea. And exactly the reason that it has zero chance of ever being passed. |
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PepsiLime
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It's not going to work, because the rich will have more money left over after paying sales tax, especially if it's the same rate for everyone. If I have to pay sales tax on a gallon of milk and Bill Gates has to pay sales tax on a gallon milk, we'd both pay the same amount of tax on the milk, but he'd have a lot more money left after the tax than I would. A national sales tax at the same rate for everyone would hurt the poor very much, and hurt the middle class, but not hurt the rich much at all. |
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Boo
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I can´t believe you don´t see the problem...NO LOOPHOLES...other countries have been using this system for years, with great success, but how can you give select groups an advantage with this system. |
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Molly
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One good and simple reason.
The cost of compliance.
It would cost a billion or so to change systems as we know it just to handle the new type of system. Sure, a one time change, but billions more in potential revenues will fall through the cracks during the process.
Change is very, very costly. |
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Darcy
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Because sales tax takes the same amount from everyone and that's not good. People with higher incomes who can afford to pay more should pay more. |
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Bozema
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Not fair to everyone - it hits the poor proportionally harder than the rich - it is a regressive tax. The poor spend proportionally more of their income on sales tax than income tax - most poor people pay no income tax at all and some make money (heard of the Earned Income Credit?). Rich people pay proportionately less sales tax than the poor. Income tax is progressive, especially as it is currently structured - rich people pay more proportionately (regardless of what the Democrats will tell you). Given what my family pays for income tax, it would work for me, but it isn't going to fly with a Democratic Congress. And generally the public does not support it - they also all want a flat tax until they learn they will lose their home mortgage deduction. So don't hold your breath. Taxes are used for social engineering in this country. |
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Bruce J
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Who's to say that the politicians don't realize this? There are a great many simple solutions to our country's problems. But, the current tax system favors the wealthy, who also happen to be the major contributors in political campaigns. Most of the rhetoric you hear on the campaign trail is merely to appease the masses. The real policies are made behind closed doors by America's richest 1%. Sad but true. |
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crazymental
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its because its that easy it will never be introduced! the simple ideas always get thrown away! |
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kadnil
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It does work. In Canada we charge a Goods and Services Tax (Federal), everyone pays the same amount then each province has Provincial Sales Tax (Provincially) these funds are directed to the province that they are paid in. Though if you purchase a product in a province that you don't live in you pay the tax and then get a rebate on it from the province that you paid it in. The Federal tax is used for federally run programs and the provincial for provincially run programs. |
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