 Quarterly Tax Payments? |
I'm a student who is working a few jobs (2 of which use 1099's). Last year (2006 tax year) I brought in about a $17 tax refund.
I'm planning on paying quarterly tax ... |
|
 Where can my mum find out her national insurance number? |
| She now needs it and has no record of where it could be. She has been a housewife for most of her life so it is not on any payslips or anything else- any suggestions would be great, ... |
|
 Is working 30 hours a week classed as part time? |
| my mum seems to think so, i dont think it is.... |
|
 What Law states the IRS has the right to collect taxes ? |
| I have not been able to find ONE simple statement from Congress that gave the IRS that right ! Besides, the IRS being an independent corporation -... |
|
 Should homeless people fill tax income papers? |
| Legally speaking, not logically speaking, is it legal to be a homeless people and to beg for money like that? And if it is, are they legally supposed report any income and pay taxes on it? I know ... |
|
 How good is turbo tax?? |
| are there any problems with it? is it fool-proof? we want to do our own taxes this year and were thinking about using it.... |
|
 I asked a similar question yesterday, but...? |
| If I am already making payments to the IRS through payroll deduction, will I get either my STATE or FEDERAL income tax return?... |
|
 First year not doing 1040EZ, What tax form do I need? |
This is my first year not filling out a 1040EZ form, and I do my own taxes.
Married Filing jointly, Spouse is stay at home parent.
1st Child born 2007
Under 50k a year
A... |
|
 How many tax exemptions should I have? |
| I work full time, no kids, no mortgage, no school, no car payment, etc... I dont know what else exempts you from paying taxes. I heard the lower the number the more taxes they take out, but you will ... |
|
 Who can claim my grandson? |
| my son and his gf had a baby he is 8 months old. my son would like to claim him as he does take him often on overnights and gives her money all the time to help support him.the gf don't work,but ... |
|
 My sister loaned me of money over the years. When i give it back to her does she have to pay taxeson it again |
| I'm about to recieve a settement and am able to pay her back some of what she has given to me. She is in a 46% tax bracket. Sne would have to give half of it to gov. She paid income tax when she ... |
|
 Medical tax deduction for hot tub? |
My husband has rheumatoid arthritis and we were looking at hot tubs
for him to relieve the pain and aid with circulation. The salesperson
told us we could get a medical deduction credit ... |
|
 I need to file my old taxes for 2005 and I need to do it before April 15th? |
| I still need to file taxes for 2005. I was hoping to file eletronically online in order to make the April 15th deadline. Do you have any suggestions? I was hoping to do it myself I don't want to ... |
|
 Is my student loan interest deductible? |
| student loan interest is taken as an adjustment to taxable income on the first page of 1040....but phased out at higher incomes. Is it then deductible somewhere else, like schedule A?? Or do you ... |
|
|  |
Oakley TX | Do the Rich have a Moral Obligation to pay Higher Taxes? |
|
 |
 
Clark Kent
|
No. I believe Judge Learned Hand explained it best: no one is obligated to arrange his affairs to pay more than the law requires.
Your only obligation is to follow the laws which have nothing to do with morals.
You could just as well ask if there is a moral obligation to avoid becoming rich. If we followed that philosophy, there would be very little progress in the world. The big producers of goods and services do it to get rich. |
|
Dehlime
 |
No, they earned that money. They still pay highER taxes, but the base percentages should not move. |
|
Judy1
|
I don't see it as a moral obligation, but under current US laws it it a LEGAL obligation - and I don't see it as unfair. |
|
financing_loans
 |
Okay that is an interesting question.
I dont think they have a moral obligation but they pay less taxes. Im not saying what I made last year, im not rich or not poor but I was around 35K in taxes. I took every damn deduction I could. But I paid it. And I get I might pay more in taxes a year then some people make. Thats not higher taxes.
To give you an example. Warren Buffet put up a million dollars cash. And said if there is any CEO in a fortune 500 company that pays more taxes (percentage wise) then your secretary. You get the million bucks.
Nobody took his offer, because they knew percentage wise their secretaries pay a helluva lot more.
So to your question, if it was even the rich people would be paying alot more then they are now. It just isnt. |
|
Robert G
|
Someone on this list who claims to be a "tax pro" said the rich only pay 10% cap gains on their dividends. This is *TOTALLY* wrong. The 10% tax is only taken out ofter you first pay the coporate gains tax. So let's say the owners of a company want to pull money out of the company they own (which is any stock owner) and pay it to themselves. First they pay a 35% corporate income tax. Now they have $0.65. If they have to pay state tax they are down to $0.55. THEN once they pay the $0.55 to themselves they own the dividend tax which reduces this to about $0.45. So they started owning $1/share worth of the company and they only got $0.45 after the gov't took their cut. This is why the dividend tax is called a "double" tax or an "additional" tax because it is *ONLY* paid on money that you already paid taxes on. |
|
wartz
 |
They have no moral obligation to pay any more than the government demands. |
|
maxmom56
 |
No. People making higher incomes should have a legal obligation to pay a greater amount of taxes. |
|
chatsplas
|
Sure. To whom much is given, much is expected.
And our tax policies have GREATLY assisted them in growing their wealth. Such as capital gains tax of 10-15% (which McCain wants to eliminate) on the sale of stocks and equities, while working stiffs pay 20-50% taxes for the sweat of their brows. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 21 minutes(s) ago
| | | |
8 | 47 minutes(s) ago
| | | |
8 | 48 minutes(s) ago
| | | |
8 | 57 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 5 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 3 day(s) ago
| | | |
8 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
