 This morning we received a US TREASURY 220 TAX REFUND, for the amount of $1,397.60. This morning? |
| We got our taxes back in the begining of feb, and this amount doesnt fit the stimulus check we have 2 adults and 2 kids and made like 40k. social ending in 16.... |
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 Do you have to show the profit you make on your house selling for taxes? |
| When you sell your primary place of residence (lived there 10 years), do you have to include the money you made on the sale after property taxes are paid and the mortgage on your income taxes? Is it ... |
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 Do I have to be claimed by my spouse? |
My dad payed for my school all of 2006, while sending me 500 spending money each month. I had been living with my fiance for the past year, and finally got married in November 06.
I feel that ... |
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 Should India abolish personal income tax? |
| Only a few % of the population actually pay taxes. The revenue contribution is very low from this source. If the tax is abolished what will be the impact on the economy?... |
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 Direct question about rebate, YES or NO answers!? |
Has anyone who filed with Turbo Tax and had the fees deducted from their return and had it direct deposited to your account received their rebate yet?
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Responses like ... |
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 Tax and National Insurance to the Government.? |
Do you think its fair to pay £75.61p A WEEK tax to the government. That £75.61 a week is made up of PAYE Tax and National Insurance.
Cause i think its daylight robbery.... |
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 Got new job old one wont give time off for course needed? |
| can u help need time off my job to do couse for new job,,,, they said no ,i said wanted it off for other reasion ,,,now gave notice in to end thursday an they replyed,,,,,, u have got to work a ... |
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 I started work on 9th january 08? |
i started work on 9th january 08 i get paid on the 15th of every month i have to work a month in hand when do i get paid feb 15th or march 15th
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i thought i work two ... |
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 Over Refund from the IRS? |
| I have a friend that told me that they received an approximate $4000 over-refund from the government this year. They were supposed to get a refund for like $4000, but got a check from the IRS for ... |
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 I did not receive my tax rebate today as expected. Did I have my dates wrong? |
| I was expecting to get my tax rebate today through direct deposit. I am in the last group, originally scheduled to receive the rebate on May 16th. However, that was based on the old dates and rebates ... |
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 I have a bit of a dilemma....can I have your opinion? |
| I filed my taxes about a month ago, and have recently received my refund check. I claimed myself, because my parents said they couldn't. I lived with them for six months last year, before I ... |
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 Can you be sued for not paying taxes? |
| A friend of mine owes taxes on her home from 2006. She said that if she doesn't pay by the end of the month that they will sue her? Does the government sue for stuff like this or do they just ... |
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 How can you fix it if you don't do your taxes for years? |
My boyfriend hasn't done his taxes for 3 years. What steps should he take to avoid jail. I know you should turn yourself in-but to who? What would you advise him to do?
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TigerTrance | If i won $250,000 AUD how much would the tax people take? |
i live in victoria and i earn barely anything
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by the way 40% seems alot. thats like 100,000. can anybody explain this a bit more? 40% is criminal! |
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blackdog301664
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All winnings from legal sources (lotto, TAB etc) is non taxable.
You will only pay tax on any interest earned if you invest it...if you spend it all, you don't have to pay a cent |
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sweet talk ;)
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the tax people wouldnt take anything...you dont get taxed on prize money |
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J
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In aust, generally prizes shouldn't be taxable - unless you are in the business of making money via prizes? |
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Clive L
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All windfall gains such as Lottery winnings are not taxable in Australia. However any interest you earn on the money will be liable for income tax purposes. |
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ange c
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winning money from lottery or whatever...is non taxable.
so you don't have to worry about tax on them.. :) |
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eher
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Hi there,
windfall gain such as gambling and lottery wins, and competition prizes are non-assessable income IF it was not part of your income-producing activities.
Summary: you do not need to pay tax if it was not part of you income producing activities |
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L.J.
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I think 49c in the dollar is the highest tax bracket. but that's not for all the money. The first $6000 you earn you don't get taxed on. The next amount up to about $25,000 you get taxed 10% and so on. up to 49% for the last bit. I'm not sure exactly were it cuts offs are, but i think a fair chunk would be taxed at $49% it's basically a 'take from the rich' system, and so it should be. There is more to life than money.
Oh, i just remembered, the above system is for money you "earn" depending on how you win the money i think you can avoid tax altogether... Australian laws...full of 'loop holes'. |
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Witty
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Yeah Emily, its about 40% here too unless you can write the earning off against a bad debt etc etc. |
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MLE
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If it was in the US it would be about 40% I am not sure about Austrailia. |
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Ozmaniac
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They would take zero! No tax is payable on lottery winnings in Australia. None is payable on gambling winnings either unless you're a professional gambler. |
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cane I
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30% about |
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