 What tax form should I use? |
| This would be my first time trying to file my taxes on my own. I'm married and have two kids. I own my home so I will be itemizing my deductions. What is the best way to file, e-file, paper, tax ... |
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 What is classed as low income? |
| HELP PLEASE.............please can anyone tell me what is actually classed as low income, i about to claim help with council tax i dont ask for much honest, but at £113 a month we are sruggling im ... |
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 Haven't Filed Taxes in 5 YEARS? |
| My fiancee hasn't filed his taxes for the last 5 years. he worked for a construction company that paid him with a business check and no federal/state/social security or anything else was taken ... |
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 College student who is a dependent getting a stimulus check? |
My mom claims me as a dependent on her taxes because I am still a college student. I file as single and as the dependent of my mom.
Will I still be getting a stimulus check if I am a ... |
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 Who's responsibilty is it to ensure an employee is paying tax? |
My brother is working cash in hand and has been for over a year... With no contract.. (he likes the job etc and for obvious reasons hasnt questioned the employer!)
I worry for him that if ... |
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 If I have a joint account, can my taxes...? |
| Ok me and my boyfriend have a joint account through bank of america, if we file taxes as single can I still do my direct deposit into our joint account? Or will i need a separate account with only my ... |
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 Right i know this sounds daft,but when u get ure petrol and its £1.07.9, where does this .9 come from? |
| I know i`m old fashioned but why don`t they just charge u £1.08 pence,doesn`t that make more sense,i mean,u dont get £0.001 pence change,r they robbin us of this point 1 of a penny,i know its daft ... |
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 Can Fairies Menstrate? |
| The fairies from Legend Of Zelda.... the ones that follow you around that you catch in little bottels. Can the menstrate?... |
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 What can I write off on my taxes for my business expense? |
| I moonlight as a dancer at a nightclub. A fellow dancer told me that I could write off business expenses relating to my career. Can anyone tell me if the following are eligible to be written off on ... |
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 Diffrent pay rates? |
i started a new job in july this year.and when i got the job.my manager said to me he will start me off onthe lowest rate,
of pay.£16,500.and i am on probation.wich ends in january 08
will ... |
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 How much can you earn before tax? |
what if it is your first job
and is only temporary
you get just under 400 a week
UK ONLY
Additional Details
because from my pay
they took ... |
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 Where can I find information about the amount of tax and social security is taken out of my paycheck? |
Additional Details
Sorry, lol. I meant information on the percentages that are taken out of each persons check for federal tax and state tax.... |
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Silke | Is it right to increase the threshold for death duty taxes to £1,000,000? |
Should death duties not be 100%. Dead people don't need money. |
 |
 
joehicswa
|
NO! Individual accumulating large amount of wealth probably received it as profits from a business that was energized by employees, and consumers who bought the product/service. Also, that wealth could have been from stock investments and trading. Stock prices and dividends result from employees who produce products/services, and customers who paid for them. Upon demise, such wealth should revert to state and federal treasuries for betterment of citizens and reduction of taxes. Heirs did not earn that wealth. They should be smart and strong enough to earn their own. |
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Chris B
 |
Maybe not, but their families do... |
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Moose
|
But why should the government get it and not the persons family? Surely if you worked all your life you would want to leave something behind for your family?
As for potentially increasing it I think it would be the right thing to do, lots of people who don't actually earn a lot of money are having to pay it simply because house values have skyrocketed. I question why the thing exists at all, if you work and pay taxes all your life why should the government have anymore claim to your money?? Personally I think it's ridiculous... |
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davidawalker61@btinternet.com
 |
yes,in fact death duty should be scrapped,we pay over the top taxes when we are alive,why should we pay the Gov when we die,it's unfair on the families left to sort it out |
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Polo
|
What about their dependants? |
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Boiled Egg
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I plan to die potless. I want you, the taxpayer, to pay for my exit. See you on the other side. I'll pay you back then. |
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hugoagogo31
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It seems as though the rich are getting richer and the poor poorer!
The at present is more like Victorian England, people seem to be waiting around for their parents to die!!!!
We need a revolution |
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john n
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This is a stupid question. The issue with death taxes is that a lot of people have inherited houses that in the current economic climate are worth large sums of money - The people than get taxed on the value of the inheritance even if their own incomes doesn't reflect the huge tax bill they face - Thus, many people are forced to sell their ancestral homes just to pay the tax bill. It's unjust. |
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CORKI
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maybe not but if they've had to pay 40% tax on everything they have made why shud they have to pay when they die? |
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grian
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Yes. I have just had to give all of my Mum's savings to the goverment in the form of inheritance tax after she recently died. It broke my heart as she was really struggling financially when she was alive and she was trying to save so that my brother and I would have some money when she left us. I would rather my Mum was still here rather than have the money. |
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tringyokel
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It's a broad-brush approach which will take a fair few potential voters out of inheritance tax for a reasonably low cost to the Treasury. But it doesn't really address the problem.
I have no problem with the concept of inheritance tax. After all, if the deceased had spent the money in their lifetime it would have generated various taxes, such as VAT or income tax for the person earning it. It encourages the free circulation of wealth.
The problem is that the main residence is now valued so high that poorer people are being brought into the net. I am in the ludicrous state of receiving Working Tax Credit because I am below the official poverty line yet would have a liability to inheritance tax if I died tomorrow.
The best solution would probably be to provide some relief for the main residence so that, say, only a percentage of the value is included in the estate. But I can see terrible problems in drawing up the legislation to do this. |
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