 Do you think, as we pay so much for fuel the Government should do away with Vehicle Tax?? |
| In a lot of countries they dont have vehicle tax, its charges are put onto the fuel and tolls.....as n the U.K We pay over the odds for everything, and I mean everything the TAX SHOULD BE ABOLISHED???... |
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 Should the IRS pay us interest on our federal withholding? |
| Every month I have to pay $300 dollars to the IRS for federal withholding. That's about $3600 a year. If I took that same money and put it in the bank I would aquire several hundred dollars in ... |
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 Does Ebay tell the Taxman? |
Additional Details
I think you've got something there S... |
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 EBAY SHIPPING who pays when? |
| So i'm alreay to shop off ebay with a confirmed paypall but i'm just wondering, when i buy something from the states and they say shipping is $22.50 and i'm in canada, do they mean ... |
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 Unfair treatment for Council Tax |
| My sister pays her council tax two weeks after the due date because her maintenance comes in then, she has paid each instalment religiously. Now she has received a court summons for the full amount ... |
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 I have just set up a new email address to complain about petrol & diesel prices in the UK. Please join me and? |
send an email to wepaytoomuch@yahoo.co.uk and tell us your feelings about the fuel prices in the UK. Did you know we currently pay a minimum of 50p in duty for a litre of petrol!!
Additional D... |
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 I made a loan to my mother, she paid it back with interest - how do I report the interest she paid to the IRS? |
The interest was under $10,000 - I don't want it to be a gift, I want it to be considered interest. Do I need to file a 1099? Does she? If yes, which "flavor" (maybe 1099-INT)?
<... |
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 I made 35,ooo this year will I owe the Irs? |
Additional Details
I have 1 dependent. I have payed out $4090.00 in federal withhold so far. I rent not own. I was just wondering b/c I did a couple of online caculators and each of ... |
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 Is it legal? |
| ok i just interviewed for a new job and they said that they would pay cash but i would have to do my own taxes...like save some back each check cause i will have to pay when it comes tax time. is ... |
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 Can someone show me the law that requires me to pay personal income tax? |
| The Supreme Court has struck down 2 attempts to levy a new tax on the people,and other than tax code and lower court decisions there is no actual law anywhere that I can find that requires me to pay ... |
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 Is It Wrong To Steal Your Friends Hair? |
My Friend has long curly blonde hair, on her beautiful head, I really want it. So I am planning to go and shave her head.
Can you see a future in our friendship???
Additional Details<... |
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 Do I have to pay taxes on my points?? |
| I hope not. I just got to level 3 and if I do have to pay then I'm going to be in trouble.... |
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kit | How much taxes does a 401 K take out? |
I recently got hired by a company that has a 401k. However, I didn't sign up for it yet because I don't know how much taxes (federal) they are going to take out. My hourly rate of pay is $14/hr. So, is it worth it or should I forget about it? |
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Barkley Hound
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There is no tax on a 401K when it is withheld. In fact it is subtracted from your pay before computing tax so your tax is actually less. Tax is paid when you take it out unless rolled into a traditional IRA.
If your company does any matching then invest at least that amount. Otherwise you are just turning down free money. |
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006
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A 401k comes from pre-tax dollars, in other words, contributing to a 401k reduces your taxable income (money contributed isn't counted when the gov't takes taxes out of your income), and accumulates in the account tax deferred. You pay taxes when the money comes _out_ of the 401k.
The idea is that in retirement, you will be earning less money and therefore in a lower tax bracket, and will pay less. Not to mention the entire time the money is growing in the account, it will be growing tax deferred.
If there's a company match, you should be contributing at least that much, since it's free money (the company puts in whatever you put in, up to a certain percentage). If you don't need the money _right now_, then it's a good idea to contribute at least the match. You should research more on 401k's yourself, so you know what your options are. |
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k9guy07
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Take out 15% now. You must be responsible for your own future as the govt cant pay for it. Take the max 15% out. |
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Sappho
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This depends on how you set it up. 401K is not taxes, it's sort of like a long-term investment savings account. They will take a percentage out of your paycheck each week, what percentage is up to you. When you set it up you will tell them what kinds of accounts you want the money put into in order to accrue money - the options you have will be described when you are going through this process. You can talk to your employer to find out what your options are. I recommend opening a 401K if you are able to afford it, because it will put a lot of money in the long run towards your retirement, and you can't rely on social security anymore. |
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Brian G
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A 401K SAVES you taxes, at least for now, it doesn't take out more. Depending on your W2 and how many hours you work, the amount you put in your 401K will actually only cost you around 80-85% of that amount in your take home pay. Example: if you put $20 a week in it, your take home pay will only be reduced about $16. You will pay taxes on the money later when you start withdrawing it. |
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javadean
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401k don't take out taxes;
They are tax shelter
you contribute part of your income
and that part of the income you
contribut is not taxable until you take it out
what is good about 401k is that the company
can match |
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Ken
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It is definitely worth it to contribute to your 401(K). If your employer matches, that is free money up front. Even if they do not, it usually only costs $70-$75 to contribute $100 to your 401(k). |
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SCH
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A 401k is a great way to save money for retirement. Any money you put into it will be pretax on your paycheck (they take the money for the 401k out and then tax what is left). If you have between 3 and 5% of your paycheck taken out you will likely not even notice the money is coming out and you will be saving for retirement!!! |
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Ken
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Most 401K's are taken out before your taxes. Which works out great for you now, but you will get taxed when you retire and you decide to use that money. |
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Suzie
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ALOT |
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