 If you make any money in 2007, can you file taxes in 2008? |
i've only worked since september.. so do i file taxes or no.. and plus i have taxes i can file provided by my college
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well ok.. i got paid 1798 because i just ... |
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 How much are taxes on a gift of cash? |
| What would taxes be in the US on a substantial (maybe $40,000) gift of cash made to someone? Would both the giver and recipient be charged taxes or penalties?... |
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 Renting our UK property out and moving overseas. TAX ? |
Hi my husband and I are moving to Australia in December and we are going to rent out our property we have been told we would have to pay Tax on the rental income.
1. If we only get enough to ... |
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 Is there a law that states we have to file a 1040? |
| Is there a law that states we have to pay or file a tax return ?... |
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 Im a single mother with one chlid and made only 8,200 this year and turbo tax is telling me im only getting? |
back $453and I dont qualfy foe EIC for my one child does that sound right Im sure I should get more then that back with all of the new tax refunds
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Thanks for all of ... |
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| Okay so let me get this straight!! if my taxes were prepared by a tax preparer? |
| and it was direct desposited and fees taken out, I will get a paper check right?... |
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 What happens if you pay to use someone's kid for tax credit? |
| Several people at my job are offering various people's children for tax credits for a price of $400-500. They provide SS# and other info. They get back a lot more than they would without a child.... |
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 Benefit help?? |
| my partner and i live in a council home, my partner has lost his job but i still work part-time 19 hours at minimum wage, we have a young child. Also i was wondering if my partner and i are entitled ... |
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 Tax return? |
| according to my last check stub......my gross for the year is 35,521.........my wife made about 8 grand....i got married this year, i also bought a house in february.....i married into 4 kids............ |
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 Can you and your spouse claim the same children as dependents if you both provided for them for 2007? |
| My spouse and I are filing 'Married filing Separately' this year and was wondering if we could both claim the children as dependents since he paid for the childcare and some of the clothes ... |
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 Do I have to pay taxes if I have large amount of deposited in Bank of America? |
I have Bank Of America checking account, and I have a large amount of money transfer from my PayPal ( about over $2000/month ). Do I have to pay taxes although it is not my income?
(I will ... |
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 Employer won't send my W2's? |
| I left my last job which I was at for 7 years, I moved, and my employer won't send me my W2's. I am still in contact with a girl who works there still, as a friend & I gave her my ... |
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 Tax refund? |
| as i work for a company, can i claim back money on tools i buy to use for my work or is it only the company that can do ... |
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| Stmlus check? |
| if im getting chek in mail when should i recieve it my last two no.60 they said they started early with getting the direct deposit out will i get my check early when will i get it i hve kids they ... |
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mark7 | If giving rebate checks helps the economy, why dont they lower taxes altogether? |
if they lower taxes by lets say 1/2, wouldnt that be helpful for the economy since your keeping your own money and spending it?
Additional Details
if giving checks is helpful why dont they do that always?...."i still believe the checks r a loan" |
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Michael R
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Bost made a good point cutting taxes by 1/2 will destroy the government and the economy... However lowering the middle class and the working classes taxes will promote more spending. To regain the lost tax money just simply tax the wealthy more. The poor is getting poorer and the rich are getting richer. The middle class is now slowing becoming the working class. Yet the billionaires get richer and richer...
Lets take a look back at the years before the Great Depression... Our economy was the same as it is today, small % of people held the majority of the money. There is no reason anyone making over 1 million a year should be taxed at 90% of their earnings over 1 million.... So why doesn't the government do that? Lets thank all the lobbyists. |
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Mathew
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That is what the Bush tax cuts were intended to do. Those are the cuts that Congress now seems to want to end. |
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payme1397
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Then they would have to raise taxes later, which nobody wants to hear. The rebate check is a quick fix (bandaid). |
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Wayne Z
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Tax cuts can only work if the government cuts spending also.
While Bush and the Republicans did cut taxes, they increased spending more than any other administration.
The Democrats will have some tough choices next year:
1) Increase Taxes; and/or,
2) Cut Spending.
Contrary to popular right wing belief, tax cuts do not increase revenues for the government more than they cost in lost revenues. |
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Judy1
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It's a balance - there's a theory that if people have extra money to spend, it'll keep the country out of a recession - the downside is that it most likely increases inflation which also damages the economy.
Giving the rebates, and the associated 2008 tax cut that the rebate is an advance on, increases the national debt so has a harmful side to the economy. |
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bostonianinmo
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We're already deep in the deficit crapper due to lower taxes during wartime, an incredibly irresponsible tactic by a clueless administration. Taxes will need to RAISED significantly to pay off the current debt. Cutting taxes by half would collapse the Federal government AND the economy, IMHO. |
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don1862
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The rebate is temporary to give the economy a one time boost and help avoid or at least lesses a recession. Cutting taxes would be permanent and cost too much. We already have a huge deficit that needs to be paid off. |
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Rachel L
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Yes that would help the economy. Unfortunately they also have to think about funding all the programs they provide which means collecting as much tax as possible. 1/2 as much tax means 1/2 as much money for all of the government activities. Given the current debt I don't think that's really an option. |
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