 If your parents pay for a part of your College tuition, can they deduct that from their taxes? |
| I'm starting in fall and even though i 've received scholarships and grants there is still money that needs to be paid in either the form of a loan or out of pocket. My parents are willing ... |
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 If you live in IL and work in MO who's income tax do I pay? |
| If someone works in another state does that person pay the other state's income tax or the one they live in.... |
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 What can a non custodial parent claim on taxes? |
| I have custody of my son and my son's father sees him only twice a month. I have always claimed my son's EIC every year. This year my son's father called and got his social security ... |
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 Tesco taxing me ? |
| I earn £65 a week before tax and they are taxing me £70 at the end of the month, I am a sixteen year old who is also a fulltime college student only working part time at Tesco. Can they do this ?... |
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 Tax Rebate Stimulus Checks Ahead of Schedule? |
i just read that some people will receive theirs as early as monday.... ( http://hubpages.com/hub/ )
when do you guys think ... |
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 Can I still claim if Im not earning much ? |
Hi if someone does the avon can they claim jobseekers if they do not earn that much ? Thanks for your answers
Additional Details
Im not on jobseekers at the moment, so I dont have to ... |
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 How do you pay tax when you get cash in hand? |
| i met a street artist in LA i think it was and he was earning equivalent to about £100 a day cash in hand jsut from drawing. would this guy have to pay tax on this or would no one have a clue he was ... |
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 Question about Taxes and a Student loan in default? |
| My student loan is in default (around $7000) I'm not working but I have gotten notices that they can garnish my wages or seize my tax refund. I'm planning on paying it off as soon as I go ... |
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 If I own a house and my friend helps pay the interest etc on it, can he write that off on his taxes? |
| My boyfriend helps pay for my house though he is not on the title, can he still write this payment off on his taxes? How does he do this?... |
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 Income until what date should be on a 1099-Misc for '06? |
This is my first year filing income from a 1099-Misc and have a very simple (possibly dumb) question:
I'm looking at a 1099-Misc form from the business I worked for and the dollar ... |
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 Who is eligible for the 2008 economic tax return? |
| Im 20 about to be 21 a student and I have paid taxes for several years now, the only reason I ask is because my father still claims me as a dependant since im in school. I was under the influence ... |
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 How do my boyfriend and I file taxes, I own the home & he pays me rent? |
Does that effect how much I get back, by claiming he's paying me rent?
Additional Details
We live together and share all expenses, but I'm the onlyone on the loan.... |
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IRSTAS | I work for the IRS. Please tell me (SERIOUS REPLYS ONLY) why we have to pay tax? Where does it go? Good Luck |
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NGC6205
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We have to pay taxes to fund the government. Corporate and individual income taxes are used to help pay for items in the U.S. Budget. http://www.whitehouse.gov/omb/budget/fy2007/
For example, the military, and the Treasury Department. Since the IRS is part of the Treasury Department, a portion of your taxes actually goes to pay your salary.
If you read somewhere that all of our taxes go to the Federal Reserve to pay interest on U.S. debt, that is false. The Federal Reserve does carry a portion of the U.S. debt, however, by law, about 95% of the interest collected by the Federal Reserve is returned to the Treasury Department. The other 5% is used by the Federal Reserve for expenses.
http://www.cbo.gov/ftpdocs/55xx/doc5502/doc59.pdf |
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blktan23
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yes ur right the amendment was never ratified blah blah balh ask ur bosses not us.
seriously i love free speech but this question being asked 5 times a day in here gets annoying. |
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Rob
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If you really worked for the IRS you would know that it is a 1203 violation to identify yourself as an employee in a forum such as this and can be suspended or discharged from employment for doing so. |
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Angela F
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well if youwork there i would assume you would already know but our taxes go to pay for all the civil jobslike firemen, police, teachers, public works, government programs |
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msdeville96
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I guess the same could be said for me. I am a teacher. Why should I pay taxes? As a social studies teacher I can say that I know the taxes go to mulitiple things, not just the IRS or school systems. So the best thing I can tell you is that you pay taxes because some of that money goes to fund other things, like roads, schools and all kinds of government crap that we have nothign to do with. |
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bostonianinmo
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If you really do work for the IRS you already know the answer to that so I won't waste my time explaining it all.
And if you work for the IRS and they figure out who you are, you'll be sh!t-canned for posting that question as IRS employees are prohibited from identifying themselves as such in public forums. You know that already, too, so enjoy your unemployment. |
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Steve
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Taxes pay for the costs to run the government, including your salary. |
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Lord B.
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I think the point of the question is that you get paid by the government and then you have to turn around and give some money back in the form of taxes. I.e. Why not just cut out a step and pay you your net income only? My guess is that it has to do with wage comparison and tax exemptions.
If govt employees were only paid net income, it would appear at first glance that they were being paid less than someone in the private sector with a similar job (this might be the case anyway). It would be difficult to attract new employees if it appeared that their wages would be lower at the IRS than at an accounting firm.
Next, and more importantly, not everyone pays the same amount of tax on the same gross income. You might give some money away to charity. Or you have 2 children. Or you took some of that money and invested it in Enron (or Google). Since our tax system has so many deductions and special cases, your tax liability is very sensitive to what you do with your money once you get it. As such, the IRS has to give you that money, let you do stuff with it, then determine how much you have to give back. |
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