 Can an individual open and run two firms or more,in india ? |
| Are there any sales-tax or income tax implications in such cases ?... |
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 Do we need to pay tax for interests earned from accounts in CITIBANK? |
| I was told that we do not need to pay interests for accounts in domestic banks. Not sure about it.... |
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 Home mortgage interest (taxes)? |
| I have had a mortgage since 2004 and I've never had my mortgage interest deducted from my taxes. Is there a way to go back and have '04 through '07 deducted on one return? Or did I ... |
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 Do more taxes come out of overtime hours? |
| I work for a communications company and everyone claims that over-time and double-time hours are taxed at higher rates? I have never taken the time to sit down and run the numbers, so I decided to ... |
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 2008 Stimulus Tax Rebate i need help? |
| what do i do? I filed my tax back in January and had them direct deposited. Well do to recent fraud and Identity theft ( I know right a great way to start a year) my bank account is now closed. how ... |
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 Can you claim an unborn child on your tax return? |
| My mother in law said that her daughter does this and she should know because she has a ton of kids (she is married and Mormon...will pop them out until she can no longer). Don't you have to ... |
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 How many of you did not receive the stimulus checks from the gov. because you owed on a student loan? |
| I was really curious about this one! How many of you heard them say "we don't want people to use this for their bills we want them to go out and use it in the stores and stimulate the ... |
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 When you loose children and claim them on your taxes...? |
| in 06 I had a baby and she passed a month later in 06 when I claimed her on my taxes I thought that I got about $1,000 for having a child and close to $1,000 for her passing away. Now I had the same ... |
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 Two jobs what happens about the tax? |
| Im in full time employment but i want to get a second Job with an agency they told me i have to pay emergency tax permanently is this true?... |
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 I just started working as an independent contractor/sole proprietor and buy my own health insurance.? |
| It is my understanding that I may be able to include the cost of the insurance as a business expense if I pay for it as part of my business. I have not incorporated or anything like that--I just ... |
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 Can the IRS take your house away if your living in it? |
| Is there anything they can't take or do? I have a friend you had a contract job and they only took out state and she didn't know that. Now she's in debt for 6k. Do they look at your ... |
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 Where can I complain about a store that I know doesnt pay tax? |
| I know of a store manager that doesnt pay tax. how do I complain to the IRS and get him busted?... |
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 Is the day coming when the Government just allows us pocket money? (UK)? |
So much income goes in tax and overheads it could be easier for them to take the lot and give us our spending money!!
It's very dispiriting to pay direct and indirect taxes on so many ... |
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 Unpaid council tax? |
| about 5 years ago I lost my job and moved out from my flat into a friends place, it has just occoured to me that I had some council tax to pay but moved out beofore I paid it. I looked at the council&... |
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surfmerrick24 | Is it better to contribute pre-tax dollars or after tax dollars to your 401K? |
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ninasgramma
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If you are referring to a traditional 401k, then if you believe that you will be in a lower tax bracket when you retire, you should contribute pre-tax dollars to the 401k and get a deduction now while you are in a higher tax bracket.
If you believe that you will be in a higher tax bracket when you retire, you may want to pay taxes on your contributions when you make the contribution. However even in this case, if you have a long period of time between the contribution and retirement, it may still be better to make pre-tax contributions because of the compounding effects of tax-deferral.
With a traditional 401k, all your earnings are subject to tax. Only the after-tax contributions will escape taxation when distributed to you. If your accumulation period is 20 years or more, the contributions you make are going to be far less than the earnings, so either way you are paying taxes on all or most of your accumulation.
If you are referring to the Roth 401k designation, if you are allowed to do this, it is usually better to make after-tax contributions to your Roth 401k. This is because both the contributions as well as the earnings are going to be tax-free for distributions taken after retirement. This advantage usually outweighs the income reduction you get by deferring some of your taxable compensation to the traditional 401k. |
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flyingknutsen
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most people have a traditional 401(k) and you can only contribute pre-tax dollars to those. A newcomer to the seen is the Roth 401(k) and you can contribute after tax dollars to that. |
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Engineer Man - NASA
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The link below might help, keep an eye on pre Vs. after tax dollars. |
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stephenweinstein
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pre-tax |
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jaretr72
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Nina is correct. It depends. Everybody is saying pre-tax because it saves you money now, but contributing after-tax dollars means the growth on those funds will NEVER be taxed. Pre-tax funds grow tax-deferred. After-tax funds grow tax-free. |
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Bekah is overdue.....
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It depends on when you want to be taxed on it. If you have them takeit out pre tax now, you will pay taxes when you take it out later. If you have them take it out after tax, you will not get taxed on it later. |
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math_prof
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Pre tax dollars. This way you get to earn money on the money that would have gone to Uncle Sam. |
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chauny
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pretax dollar |
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