 Is the "Where's my rebate?" search up and running yet? |
| I saw on the IRS site, that they will make a search on tax stimulus rebate status.... |
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 What are you going to do with your Tax Incentive Rebate Check? |
| I'm afraid I will have to pay bills with mine because of the faultering economy. So much for economic stimulation.... |
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 Child support question? |
| My daughter will be 2 in June. Since she has been born I've received maybe 5 months of child support. So I am owed almost $5,000 according to the courts. My ex is saying they might give me his ... |
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 Benefits advice? |
| Hi I really need some help, has anyone been in this situation? I lost my job in March and applied for Income Support on 2nd April. While I was at the Jobcentre the lady contacted the Tax credits ... |
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 Income tax? |
| I filed my income tax for 2007,I filed for myself and my girlfriends 2 kids as as head of house hold. I address is at my grandmothers house. I got a letter saying that 2,192.00 is frozen. I need ... |
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 Why should tenants pay the Council Tax in UK?Why is the property owner not paying it?Do they pay any Tax? |
| I have nothing against the home owners,but I think that is unfair? If someone is renting a flat or house, means doesn't have house or money to buy one? The tenants usually are poor, and on top ... |
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 Is a 6.5 pounds per hour salary be enough to live in uk? |
| will it be enough to cover my expenses per month on housing food, etc? and can i save some for myself?... |
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 How to avoid taxes on gift money? |
| my aunt wants to help me out financially, but does not want me or herslf to be stuck paying some kind of taxes, is there a creative way we she can give me money without ether one of us getting hit ... |
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 Do employees have to fill out a w4 form? |
| Does the employer have to keep the completed w4's on file?... |
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 Who is entitled to 25% council tax discount? |
| is a single persons working full time entitled to the 25% ... |
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 My employer has been paying me cash, with no taxes taken out for three months. What will happen come tax time? |
| I had been receiving a paycheck, stub and taxes were always taken out until about three months ago. Since then, I have been receiving cash. I am being paid in full, with no taxes taken out. My ... |
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 Does she really need my SS#? |
| So I am trying to get this babysitting/nanny job part time. The lady said she needs my SS# to claim my payment on her tax return. Can't she do that without it? I was a nanny last year and got ... |
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 Do you have to pay the same property taxes amount, even if you house lost 20% of its original value? |
| With the housing slump, our properties lose a lot of equity money, its around any legal way to decrease the amount of your property taxes? on another words, do you have to pay the same property ... |
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 How much sales tax do you pay where you live? |
And do you mind paying it?
Here (Ontario, Canada), I pay 13%. And I don't really care - it's such a small amount you hardly notice and it pays for really important things that I ... |
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 My entire family is disabled why can't we qualify for the stimulus package Bush has approved.? |
| My wife, my self and son are all disabled we receive SSI, and Social Security. We do get more than 3,000 per year. I think anyone that has paid into the system by working should be able to get this ... |
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 My employer didnt give me p45? |
| I have left uk a month ago.When I left my employer told me he will send my p45 to me,but he didnt ,when i called him to ask for he told he sent me and he has got a copy of it but he will not send it ... |
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 If Im caring for a child at home for small $$ must I claim this as income on my taxes? Can the parents claim? |
| I am caring for a child in my home for $300/month. Must I claim the income on my taxes? If I don't, can the parents still claim the payments as childcare expenses?... |
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 I'm sick and tired of having to pay back money to Fed's and state when I file taxes!? |
| Every year when I file taxes for some reason I have to pay uncle Sam $3000 and new york state $600. I don't make much money around $40000 a year. I don't know why is this. I'm single ... |
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John D | Capital gains verses regular income? |
How much more money could the goverment generate if capital gains income (excluding that which is tax exempt) were taxed the same as regular income? |
 |
 
smonical
|
In 2003 (last year IRS statistics are available), individual filers reported about $81 billion in qualified dividends and $294 billion in net capital gains.
The tax savings from these sources of income ranges from 5%-20%, depending on the brackets of the taxpayers. Since most of the gains and dividends are recognized by the rich, the average is more likely to be closer to 20% than 5%. If it were 15%, the total tax savings on dividends is about $12 billion and the savings on capital gains is about $44 billion. |
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Tax Man
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The CG gains tax can not be eliminated altogether, look at the deficit we have already! They used to be taxed at ordinary rates and are set to revert back to this old system in the future. It is good for the economy to have this reduced tax rate, but increased taxes would support governmental spending on social welfare. Often times, taxes may be contrary to public policy and may not make sense, but the government cannot afford to repeal them. At some point when the economy is booming, they may not extend the policy. Corporations currently do not receive a preferential capital gains rate |
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Thrasher
 |
Actually if the gain is short-term (holding for less than a year) it is taxed at the ordinary income rate.
Only Long-term gains are given a tax break. This is done to promote investing and thus spur the economy.
Day traders pay ordinary income taxes on their net gains. |
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bullfrog_53
 |
Hush your mouth!! Do you realize how badly that would affect investing? It would essentially shut down the entire stock market. I don't think capital gains should be taxed AT ALL!!! |
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butkusman
 |
Capital gains are taxed at 5% or 15% based on tax bracket. It is less than the regular tax rate and justly so. |
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Frank Castle
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Capital Gain Taxes should be deleted to increase investments in the United States of America. |
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LoneStar
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The government would probably lose revenue. People would hold on to capital assets, so no revenue there, and the consequent drying up of the capital market would cause the economy to tank, further reducing revenue and increasing the need for government spending.
You need to take an economics course. |
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avasmava
 |
actually last time i checked it is taxed at a higher rate than regular income (or am i having an idiot moment???). i believe they do tax more for what you earn from investments - not less.
maybe i am misunderstanding the question here? |
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wizard39
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A whole lot less!!! Look back in to the history of revenue into the Treasury. You'll see that when the Congress lowers LTCG rates, capital turns over and revenue flows into t he Treasury at greater rates. |
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worldsbestca
 |
Regular Tax goes up to 35%
Cap Gain tax is about 17%
So the Govt will gain about 100% on the tax collected on cap gains now. |
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