 Can my mom claim me as a dependant ? |
| Im 20 and was a part time and a full time student last year. I still live with my mom. The only thing is i made more than my mom last year ...can she still claim me if i made more than her?... |
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 Do I have to file taxes??? I am 17 and I worked part time? |
| I haven't got my w2 back but I think I made about 4000 when i filled out my w4 I made it to where the most taxes were taken. also does the fact that i am a student in college make a difference?... |
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 I would lke to ask a question about the irs? |
| i had my mother claim two of my kids and i was on foodstamps and i let my mother claim my kids and she got a letter in the mail saying that they are going to audit her do you know why? please explain ... |
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 Parents without electricity for over 16hrs??? |
Can they claim compensation from the people who supply it? There entire christmas food chest freezer was defrosted and over ÂŁ200.00 worth of frozen meat and food was ruined.
UK ANSWERS ONLY.... |
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 What does per annum mean? |
| im applying for a job and the pay is 40,000 per annum???... |
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 What time are taxes due??? |
| I am going to e file. I know that if you send them in the mail, they need to be postmarked today, and so you have to get it in the mail by 5pm. But what about e filing? Do you have to do it by then, ... |
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 Is there usually a delay with direct deposit of stimulus payments? |
| Mine was scheduled per the IRS to be direct deposited May 16th. It still hasn't shown up at the bank. The IRS website does say to wait until the 21st to contact them if it doesnt't go thru.<... |
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 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 ... |
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 I got an email from the IRS????? Pllzzz help!!? |
| Okay, I got this emil from THE REAL IRS and I don't know why... I'm only 13 and it says I'm eligible to receive a tax refund because of my fisical activity???? Whatever that means....<... |
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 Is it true if you file tax jointly, I would lose dependents and head of house hold credit/tax returns? |
Hi There,
I’m about to get married. And, I a few question regarding file tax jointly vs. filing single.
I’m mother of a 1-year old. Last year, I filed my tax as 1 dependent and head ... |
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 If I earn 6.88 ph and work 13 hour pw how much will I earn per week? |
Additional Details
If you could tell me before and after tax ...thanks.... |
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 Income tax preparer messed up, why did the irs penalize me for her stupidity?? |
| In 2002 when I filed my taxes I went to a local "home business" that was run by a woman out of the basement of her house. In previous years I had only received about $200 to $500 back in ... |
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Joey B | How does taxation destroy jobs? |
The following passage is from the book, Economics In One Lesson. I do not understand how taxation destroys jobs. Is it because the money that is taxed would have otherwise gone towards the purchase of things other than govt projects?
"I do not intend to enter here into all the pros and cons of public housing. I am concerned only to point out the error in two of the arguments most frequently put forward in favor of public housing. One is the argument that it “creates employment”; the other that it creates wealth which would not otherwise have been produced. Both of these arguments are false, because they overlook what is lost through taxation. Taxation for public housing destroys as many jobs in other lines as it creates in housing. It also results in unbuilt private homes, in unmade washing machines and refrigerators, and in lack of innumerable other commodities and services."
Thanks in advance! |
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raina_vissora
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It's because when you're taxing for public housing, that money then must be used for public housing, rather than, for example, building new roads or city maintenance. Ergo, the people who build roads and maintain city facilities lose out on that money, and, if they work for the city, would likely be assigned to a project building public house instead, and no one new would be hired to build roads and maintain facilities in their place. In essence, the old jobs were destroyed so the new jobs could be created using the same workforce. Also, the old jobs don't get done (or ar significantly cut back) because the workforce is concentrating on the new jobs.
It's not so much "destroying" jobs as it is shifting around money and labor so that those jobs are scaled back. |
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jonathan d
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If people are highly taxed and it's in a time where prices are high and wages are low(like now) then they cannot buy things ie cars or just about anything which means businesses suffer and have to lay off staff to make profit howether that being said sometimes high taxation is good for when there is a minority that is so so rich and everyone lese is so poor ie the great depression. |
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Rehab Junkie
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People start businesses to make money. The more money they make, the happier they are with their business.
When the taxman comes around and steals huge wads of their money, they become unhappy with their business, shut down, and layoff all their workers. |
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Space Bluesman
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The example of France, where taxation on employement is the highest in said to be democratic countries, is enlightening.
First, a French employer willing to recruit an employee knows that he will pay nearly twice what his employee will get in his pocket.
Second, owing to this higher cost of employement, goods get more expensive to manufacture - the same applies to services, of course - and so are they to sale... The process leads innescapably to a vicious circle. Less and less Frenchies are able to buy a brand new car - even the cheapest one - and sveral big French automobile plant are firing their employees and close their doors.
Third, the money coming from taxes on employement is used to pay officials or else, and so it is hard, if not impossible, to cut on this kind of taxe when the need arises, as in time of economic crisis and recession, as example...
Still in the case of France, the best example I found about this subject, a quick look at the news relating to labor in this country will tell you that today, the French minimum wage is no longer enough to rent a 1 room condo, and that there is growing number of French worker who become homeless.
There is more to say, but the aforesaid is enough to sustain my explaination I surmise. |
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Charles G
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Taxation raises the cost of an employee past what an employer is willing to pay. Job disappears. Or employer moves to a more tax-advantaged area. (out of city or out of state)
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FLCajun77
 |
Lets say you make $100k profit. You want to invest that back into your business to buy machinery and hire an employee to run that machine so you can then go out to get more business. If you are taxed on that $100k at say 50% now you have $50k. If the machine costs $40k and the hiring of the employee costs you another $10k you have no money to go out and get the business.
If you were taxed at say 25% you would have an extra $25k to invest and create more jobs. These jobs are continuous. The building of public housing is not a recurring job. Also the public housing will be run down in no time and the upkeep for it will cost even more so the government will want more of your money. |
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jed slade
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Easy---VAT is one such tax,it was brought in under false pretences and the government lie has been perpetuated ever since. |
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tempo1
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Creating wealth creates jobs...Bill Gates and the personal computer revolution has created millions. Imagine if Bill Gates had been taxed at a confiscatory rate as Obama proposes. Your PC would not exist!
Creating wealth creates jobs... gov't make-work hand-outs and programs like "public housing" that re-distrubate income from the productive to the lazy and non-productive do not create wealth. They only create money transfer.
Taxation transfers money to those who wish to GET only
Google the quote by JFK..."Ask not what you country can do for you...ask what you can do for your country"
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chatsplas
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The theory--not fact--is that taxation takes money that would be saved, put in stock or into new endeavors and that such actions create jobs. However, NO PROOF whatsoever that that is the case.
And that issue is separate from one of fairness. Eliminating the capital gains tax should encourage investment in stock. Right now when some one makes a killing on the stock market they are taxed at a maximum 15%, ;whereas the wage earned can be taxed at more than double that rate. Capital gains are NOT added into ordinary income like wages and interest and dividends. So those wage earners are taxed at higher rates than those making their living off the stock market--and McCain wants to totally eliminate the tax now. Certainly not fair to those millions of us without any stocks or with a very small portfolio, who work for a living. |
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xpowner2004
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yes it does and no it does not, too much taxation is bad and too little government supervision is also bad. the original reasion FOE TAXIATION was for the government to protect the ***-sets of the rich and it was suppossed to protect the rich from some one taking their ***-ets then it evolved into into every one saying less government [ isn't this the reason for the financial problem we have now] so again the anser is YES AND NO |
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wartz
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Taxation takes money from one source and moves it to another including funding jobs. Gas tax creates jobs for people who build roads. Property tax creates jobs for school teachers.
It is always a balancing act to determine which use is better. |
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Bare Bear
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People are just afraid of the word 'taxes'. Do they want roads and police and such or do they just want a little more money in their pockets? |
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