 Will the irs withold a percentage of stimulus payment for back taxes, or will they keep the entire rebate? |
| I was told that the irs will only keep a certain percentage of my rebate due to a 2006 tax obligation.... |
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 If I filed my taxes- and claimed myself- what effect will this have on my parents return? |
| For the past 21 years my Dad has always claimed me...I always e-file, (for the past 4 years) but never checked the box to claim myself- this year, I don't know if I missed it- but I filed ... |
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 Are UK parking tickets tax deductible? |
Additional Details
Sorry, I should have been more precise. I was talking about tickets incurred by a company's delivery fleet.... |
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 Should females pay more tax than men? |
When they are single their boy friend buys the drink and picks up the tab.
Girls are not required or expected to buy expensive items like houses and cars whereas men are required to do so (... |
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 I just got a 1099 form and it says $6523.50 under Nonemployee compensation? |
This one of my partime jobs that I get checks without taxes,
I've never done a 1099 before, How much taxes am I looking at paying? I read some of the other answers, some said it'... |
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 Do strippers have to pay taxes? |
| My friend was a stripper and she never did her income taxes, does she have to?... |
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 Will i receive a relief check if i did not make 3000 dollars last year? |
| I was away for the majority of the year in some legal trouble to say the least but i did file taxes for the little amount i earned in say a month or so of work. Will i get a check or no?... |
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 Turbo tax direct deposit.......say it ain't so...........!? |
| I did my 2007 taxes thru turbo tax and e-filed. I had my fees deducted from my refund and then the rest was direct deposited into my bank account. I am hearing that if you did your taxes this way,... |
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 Overpaid at work and now work wants to be repaid for their mistake? |
| I've been working at an electrical company in Texas as an apprentice for a little over a year now. The company I work for pays apprentices based on the scale of the job. I was working on a job ... |
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 It's Tax time...who claims our daughter...? |
My ex and I have 50-50 custody of our daughter.
I have my own apartment, pay all the bills, food, and my daughters pre-school.
My ex lives at home with her mother and only ... |
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 Can someone tell me what will happen If I report the incorrect amount of federal withholding on my tax return. |
| I mistakenly transposed a digit on the withholding section and am afriad that this will delay my return. When does the IRS receive tax withholding records my my employers for 2006? Could this ... |
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 What happens if taxes have not been filed in 3 years? |
Additional Details
I am assuming this will work in mine and my husband's favor. His ex-wife has not filed taxes for over 3 years, my stepson insists on living with us and I guess ... |
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| Who knows if there is a procedure to declare to the IRS if you find some gold coins? |
| I was wondering If you find a little chest buried that has some gold coins inside and you want to declare it how much will the goverment take, you know if they take most of it or they just collect a ... |
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 My boyfriend, who supported me and my kids in 2006 can't claim any of us, is there anything he can do? |
| He has paid for everything from food, housing, clothing, medical and preschool....can he get any deductions at all for me and the kids? It doesn't seem fair that he can't show us as his ... |
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 My hubby has been laid of can he claim dole? |
mu huby has been laid of due to no work can we claim dole even tho im working he was the main bread winner you see.
can we get help with rent. ... |
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Jeremy R | Do you think that the income tax rate should gradually reduce for older people? |
I'm thinking of a 25% discount between 60 to 70, then 50% discount for over 70 etc.
Is encouraging older people to continue working this way good, if they want to work? |
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steffi
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As an OAP, I would love this! Don't forget, however, that most people over 65 get a much higher personal tax allowance already, and it is even higher for the over 75s. That is conditional on amount of income. Would your proposal have high income limitations, or would a millionaire get this also?
I used to deal a lot with PAYE on pensions, and there are a lot of pensioners out there that are quite well off, believe it or not. It is true that there are more with income not high enough to pay tax. Should we be trying for more parity? |
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F B
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yes, but no chance of it happening |
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Jeff T
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No.
As it is, if you're over 65, you get a second deduction. |
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v b
 |
If they have the income, they get to pay.
They already get the higher standard deduction and are taxed at a max of 85% on any SSA benefits they get. If they own their own homes, chances are the property taxes are frozen and they got a homestead exemption...which is pretty good since they have their house paid off as well.
If their income is less than $10750, they owe no tax and none of the SSA benefits are taxed. That sounds to me that they are already getting your proposed 50% discount. |
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quizzard123
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No, what would be your inspiration for such a move? They already (in many countries) get additional age exemptions or deductions, and since income tax is based on INCOME, it follows that in order to pay tax, they must have an income. Those with lower incomes, who conceivably could USE the discount, will not benefit.
Also, why would encouraging them to work be a good thing? They need to move aside and let younger people take over. I've got no problem with a senior working if that suits them, but see no reason to encourage more doing so, especially at the expense of the rest of us.
All told, this is a pointless exercise with no benefit and substantial costs. |
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DENNIS P
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I figure when you get to that age you have paid your full share of the national kitty, lets have some relief. |
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certaxrugby
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no. We're already paying for their healthcare, pensions, and so on. |
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James M
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Yes, I think so! I get so angry when I see answers which say that we are paying for them. Most older people have worked from the age of about 15. Many of today's young people study until they have grey hair! They have no intention of working. Older people have paid a fortune into the system and they should benefit from it. In other European countries, they are treated far better than in the UK. My mother is 80 and she pays tax on one of her pensions just because she has a small amount of savings in the bank. It really angers me when I see the amount of benefits being paid to so many people, many of them foreigners who have never contributed. |
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