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 If I am getting a tax refund from 2007 tax, will I still get the tax rebate check?
I filed my 2007 taxes and am recieving a tax refund. Will we recieve the tax rebate? There is myself, my hubby and 5 kids. We made around $24,000 last year. Do we qualify for the rebate check? And ...


 Subject Taxes: I was divorced in March of 2007 in the state of Colorado can I still file for 2007 as married?
...


 If i am single, claimed 2 federal and state exemptions, made 23k in wages and had 4400 witheld, will i owe?
please don't just say it depends on so many factors. i made the money in a six month span (so 46K a year). i have very little i can cliam for deducitons. this is my first time. please give me a ...


 I once heard that if you were to give someone a large amount of money as a gift then the government....?
Can and will tax the money? Is this true? And if so how much money does it have to be for the government to tax it and what percentage do they take? Thanks!...


 Do the richest top 10% of taxpayers really pay 90% of the taxes?
I have heard this rough statistc before. Is it true and if so where can I find information confirming its veracity?...


 What does it mean exactly to "ATTACH" your W2 to your tax return form?
Do you:

-stick it on ???
-pin it on ???
-do you use a stapler ???
???????

IRS should be more specific............
Additional Details
....ALSO, online,...


 What if I had over a billion dollars in tax credits on my tax records in a bank?
For instance I gave my tax records to a guy I new in the Navy. He got me to sign a Reinlistment loan for a bank but be added his million dollars to the loan, on my tax records. The whole thing is in ...


 Want to know about my stimulus check experience?
I thought I would share the experience of someone who's social ends in *07*

1. I filed my taxes via turbo tax having the cost deducted from my return on 02/10/2008

2. I ...


 Tax rebate question?
I'm another that has a question! My husband and I filed joint, he had an income, I did not, we have 2 kids. We were told by our accountant that we would get back 1800 due to 1200 for the couple, ...


 Where can I get my tax refund check cashed?
Will check cashing places cash it? Also, is there a place that will cash your tax refund check without charging a fee?
Additional Details
Actually, I was thinking of places other than my ...


 How Much is $63.21 Plus Tax??
Im soo stuck.
Additional Details
Canada, Ontario,, Windsor i think. its like 15%...


 If I moved in with my boyfriend, do we pay taxes differently?
I moved in with my boyfriend in June 2007. He works and all that and I worked up until November 2007 (damn you company I shall not name) I have a child and I claimed her this year. Do we have to file ...


 Stimulas Payment Question?
For those of you who have gotten there payment's mailed to them how long after the date they said it would be sent was it sent?
Additional Details
supposed to see mine the 13...


 I calimed 9 all year and made 48k. Will I owe? I have one child and I am a single parent.?
...


 Can anyone cite a law that requires citizens to pay an "income" tax on their labor?
I've heard people refer to such a law when talking about "crazy tax cheats," but no one seems to be able to cite the pertinent legislation. WHERE IS THIS LAW?
Additional Details


 What state form requires a child's SS# for a day care provider to do their taxes?
...


 Can you get the Refund Anticipation Loan at H&R Block if you have really bad credit?
I have horrible credit to be honest, due to low income. I want my tax refund asap, so I can move out of my in-law's (horrible) house. I don't have a lot of money to pay for my tax ...


 What percent does a employer take out on employee checks?
...


 Everybody getting their stimulus check on time?
I'm schedualed to get my paper check on the 30th. My last 2 digits of my social are 24. I'm just wondering, to all the people that have already gotten theirs... did i come the day of your ...


 When did paying off debt?
Become income?

In October of 2005, I paid off 2 credit cards. I owed $5,000.00 on one, they settled for $4,000.00 and about the same with other card. This past year, 2007, I get a notice ...



Tammy
Does my FICA contributions MY retirement money? Or for current old people?
My employer takes alot of money out of my paycheck for FICA!

What happens to that money when I reach the retirement age? Can I get it ALL back at age 68? Or do I have to qualify for my own money?
                     
 




b52gflyer
As one of those Old People.

Stephen is right about the numbers. The money supposedly goes into a trust fund and I am receiving the monies I paid in. In actuality Congress has spent the money as soon as it gets it hands and it. Then it allocates money for payments.


Judy1
Rating
It's not stashed away someplace in a bank account with your name on it, if that's what you are asking. The money paid in is used for current government obligations. But you are buying the right to payments when you reach retirement age, or are disabled. The amount you get depends on how much you paid in - but no, you don't just get it all back in a lump sum.


wartz
Your Social Security account is credited with your earnings. When you reach retirement age your lifetime earnings will be adjusted to reflect average reported wages (it is sort of like a cost of living adjustment but not quite) and you will be given a retirement benefit based on your average earnings over the highest 35 years.


Gary
Thank you for contribution. In a few more years I can start collecting. I do appreciate it because I paid for many years myself for others before me. Please keep working. Thank-You again.


stephenweinstein
You do not get it all back at the same time. You get a certain amount each month. Typically, for each dollar that you earn, you pay $0.0765 (total of FICA and medicare) and receive $0.01 per year (so it takes 7.65 years to make back what you paid in). For example, if you make $10,000 per year for 30 years, for a total of $300,000, then you pay in $765 per year and receive $3,000 per year when you retire. I have not included inflation adjustments (cost of living increases) in any of these figures.


Amy
Most goes directly to Gov't for current Social Security recipients.

Small portion is now going into a sort of "trust" for future Social Security crisis victims.


linda
Rating
it is placed into a general fund account, it is not earmarked as "your" money.


leonard s
Rating
you need to work for nine quarters to qualify for social security.yes the money taken out of your paycheck is used to pay people who have retired.and yes the amount you pay is credited to your account for when you retire.most if not all the money you put in will be paid back to you in about three years.

unless we don't allow the dolts in congress to fix it.


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