 Hi Will my mother incure taxes from selling her home to the city for $290K after owning her home for 35 years? |
Hello again:
Can you please tell me what taxes my 70 year old mother will incure when she sells her home to the City (through imminent domain). My mother had owned the home for over 35 years and ... |
|
 Tax question.. my husband claimed 9 ALL YEAR LONG!!!!? |
| I have a question. I am filling my taxes, and with me alone, i would get $1,782 back.. then i put my husbands w-2's in and I now owe over 3700.00 because his retard *** claimed 9 ALL YEAR LONG!.... |
|
 When you start a new job? |
and they ask you for your exemptions-
what are you supposed to put? what do you recommend? 0 or 1?
(I'm single, no kids. I live at home with my parents.)... |
|
 How do I get my emergency tax coding changed? |
| I have jsut moved back to the UK and I am on emergency tax code who do I contact to get this changed as required to a nornmal tax code?... |
|
 Do I have to claim this? |
| If I did a single job for a friend in exchange for $500 this year, do I have to claim it on my taxes? Does this qualify as being "self-employed?"... |
|
 Should the rich pay more income taxes? |
| As I type, this question is being asked of Democratic Presidential Candidates. They seem to have glossed over the FACT that Corporate America pays about half of what Individuals pay, using phoney ... |
|
 Haven't filed taxes in 2 years. What should I do? |
| Hey Yahoo! Here is my situation: I am 23 years old and have been living on my own for just a couple of months now. Whether out of immaturity or laziness I haven't filed my taxes in the past 2 ... |
|
 How comes after paying national insurance and tax for 20yrs? |
i now find myself unemployed for the first time in 20yrs and basically am going to get bugger all from the government.
p.s. how the hell do you live on £57 a week, with 2 kids an ex wife, a ... |
|
 Will i be done for tax invasion? |
| i decided to leave my job september 05 and try setting up my own business. Within that year i made 33 k but did not pay any tax out of this i paid for all new computer etc and needed a care to ... |
|
 I have a question about the President tax check.? |
| My aunt is disabled and is raising my cousin also getting county aid and she wanted to know if she will be included in getting the tax check?... |
|
 Why do I pay Medicare Tax when I'm not even past my probation period at my job? |
| Does everyone gets deducted no matter what their status is? (FT, PT, PD, etc)... |
|
 Can I use my daycare providers social to get a tax credit even though she is not licensed? |
| It is my understanding that a daycare provider must be licensed to be able to get a tax credit or use the Dependant Care benefit through work. But I hear of people using the social security number ... |
|
|  |
shirt | Is it possible to opt out of Social Security? |
Is it possible to opt out of Social Security? Id really like to do this... I am 110% sure I can manage my money better than the Feds.
Additional Details
Lets not bring too much politics into it like "Them liberals"... Im not left or right (im libertarian actually)... because your John McLame who is running for president was part of the Savings & Loan scandal of the 1980s.... He was one of the Keating Five. Look it up. Obama AND McCain are both New World Order shills bowing to the whims of the global elite. |
 |
 
anachronist
|
Yes, but only for religious reasons. Pastors/preachers do not have to pay social security taxes, but if they don't, you know they cannot receive the "pension" at retirement.
A parent can refuse to get a social security number for their children on religious grounds, but it is getting more and more difficult. Some states now automatically assign a number to every child born in their state.
I don't know if you can remove yourself from the social security system any other way.
I've added the link to the IRS page on opting out. Apparently there are a couple of religion-based ways, but it isn't something you can do on a whim. You would seriously have to convert/have a moral/religious objection. It is definitely something you would probably want to consult a lawyer about.
I think there are some business means of reducing your SS taxes, but I don't think you can entirely eliminate them that way. |
|
wartz
 |
Become an ordained minister in a recognized religious organization or a Christian Science Practitioner and you can opt out for reasons of conscience for your income from that source only. Since your motivation seems to be economic, you would have to lie on your application.
Join the Amish and become a farmer.
Become a schoolteacher covered by a different retirement plan.
A lot of people might think they would be better off if they could opt out of Social Security. Most of the rest of us think the cost of welfare for indigent old people would much higher if they got their wish. |
|
Charles G
 |
Well, you've seemed to answer your own question.
No, unless you are one of those exceptions you list.
The social security is a tax, and you just can't opt out of being taxed. Even if you can handle the money better than the government. |
|
Mr. Awesome!
 |
Unfortunately not, unless you run for office and change the laws. You'd have my vote. |
|
Becca(:
|
no |
|
Judy1
 |
Your list of exceptions is correct, but no, if you became a priest you couldn't opt out since the religious exemption is only if that religion as a group refuses to accept the benefits - some religions qualify, Catholics no, under the religious opposition exemption. And even if you did qualify, your side jobs would be subject to ss unless they were also for employers who met the religious opposition exception - note that is says "BOTH the employer and employee...." |
|
chatsplas
|
You can opt out of receiving SS, but cannot opt out of paying in to SS.
Whether you have to file and whether you have to pay in depends on income and type of income. Priests aren't exempt from taxation. |
|
Concerned from the Right
|
No, your Social Security payments are supporting participants or recipients. Just like some 30-40 years from now you will receive the benefits of working people |
|
ladytoobusytotalk
|
This should be acceptable. They should give our tax money back. |
|
gosam777
|
No not possible. Interestingly enough, Congress exempted themselves. There has been talk of allowing deferments into private accounts. But the liberals will have none of that. You know, government has to take care of the I want my Mommy generation |
|
Dre4dwolf
|
You can, you just have to state that your religious beliefs do not allow you to be a servant under the Social Security System.
Here is the form:http://www.irs.gov/pub/irs-pdf/f4029.pdf
I understand your reasoning, its not like there will ever be money for them to pay out back to us, its a completely one sided system with almost no benefit to the vast amount of people currently paying IN to the system.
The system is collapsing anyway, so you might wana just wait for it to fall apart on its own in about a year or two.
|
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 6 minutes(s) ago
| | | |
10 | 25 minutes(s) ago
| | | |
10 | 47 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
11 | 6 day(s) ago
| | | |
11 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
