 Are people in England the most taxed people in the world? |
| We seem to pay taxes for everything. Income tax, national insurance, VAT, local community tax, road tax, utility bills, tv license. It seems we just work to pay tax. Any other countries got more ... |
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 Tax refund and child support??? |
| I have a 1yr son and his dad and I dont live together, we go halfers on mostly everything regarding my sons expenses (child care, diapers) however my son lives with me and if we calculate the ... |
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 Why do prices increase every year? |
| Its an outrage it really is.The local butchers at the top of my street used to charge £1:20 for a savaloy sandwhich this was 4 years ago now it costs £1:60 for a savaloy sandwhich? Is it just greed ... |
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 Can I claim my premature baby now dead on my tax return? (dead in November)? |
Additional Details
I hqave a ss# for her. Thank you all very much for the answers and mainly for the support. I am very impressed.... |
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 Do you have to pay council tax if you havent yet moved in? |
| I'm going to be renting for a month before i move in simply to avoid the rush of people looking to move after xmas but do i still have to pay 1 months council tax even if im not there and there&#... |
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 What is the least amount hours that need to be worked to be concidered full time employee? |
| I thought it was 32 hours... Am I wrong? I know 40 hours is also concidered fulltime however I thought 32 was the minimum.... |
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 My boyfriends W-2 is being with held by his previous employer because he owes them money. IS that legal? |
| He work at a country club were he bought golf clubs on an expense account so he owes quite a bit...like $800.... |
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 Is my friend just yanking my chain? |
| He told me that since the nation is in such a huge debt, that some people aren't getting their federal taxes back until September or even December of this year. I am almost sure he is trying to ... |
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 If I'm married can I still choose to file as SINGLE status on my W4? |
| The reason I'm asking is because I'm making about $30K more this year than last and I don't have any big ticket tax deductions like a house or children. I think when you file as single ... |
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 Why I pay tax to the queen? ? |
| i come from my country two years ago to work here in the unIted Kingdom and now I pay tax to the useless spoilt royals who do nothing for me, this not fair on my family it's ok for the british ... |
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 Do people pay income tax?? |
| Hi people, this might sound really stupid, but a couple of days ago, I read in the paper that people who havent reached £6035 in wages then they dont have to pay income tax, can anybody help. I need ... |
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 Tax Questions About W-2! Help! I Don't Understand...? |
I am in my early twenties, trying to learn the ins and outs of taxes. It has always been confusing to me...
I received my W-2. I didn't work much of 2007 so my income is roughly $18,00... |
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 Ouch just received my first council tax bill!! Are they having a laugh?? |
I share a flat w a student (so he doesnt pay) and i just got a bill for 6 months!? its about 700 quid! if my flatmate doesnt pay does it mean i have topay the whole damn thing?????
Additional D... |
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 Your 2006 tax return, is it for the work you did in 2005? |
| Are 2006's tax returns for what you did in 2005 or 2006?... |
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 What is the purpose of the OCCUPATION question on the tax form? |
| Does this have a bearing on anything? What if you just leave it blank? Whatever you put doesn't change your tax bill, so why does it matter?... |
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| Why should I pay my Council tax bill? |
| what dose council tax include exactly? I mean I dont live in a council house,I live on a private road,my rubbish I take to the dump myself, so what the F*** do I pay it for?... |
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 Why do we pay so much for Petrol? |
| When I went to Tunisia about 2 months ago they told us they pay the equivilant of 50 pence per litre, so why do we pay so much?... |
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J333D | Lets say I'm rich and from the UK - if I move to New York... what kind of taxes will I pay? |
Im British... and (hypothetically) I'm rich. Bored of the UK and want to move to New York.
What kind of taxes will I pay if I'm just living off savings?
Is there a special non-dom tax in new york?
Can 'foreigners' pay less tax? what about on income from overseas? |
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bostonianinmo
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Wow! What a load of USELESS information! Here's something MUCH closer to reality.
The year of your arrival you'll most likely be treated as a non-resident alien and pay higher taxes. It depends upon when during the tax year that you arrive -- earlier being better. Year 2 you'll generally be a dual-status alien and from year 3 onwards you'll be taxed as any other citizen or resident.
If you arrive as a Lawful Permanent Resident, you'll be treated as a citizen from day one. If you are making a substantial investment in the US, you can bypass the normal waiting lists and arrive as a Green Card holder fairly quickly. There's no set investment required, but something on the order of US $1,000,000 (£500,000) should usually work fine.
Any income is taxable unless excluded by law. Dividends and interest income are generally taxed as ordinary income.
Monies that you transfer to a US bank account are not taxed per-se, but certain reporting requirements may need to be met. The banks handle most of those automatically, however if the source is a foreign trust you may have additional reporting requirements as well, i.e. Form 3520. There's no tax on that, however the penalties for failure to report are staggeringly severe.
Here's a link to IRS Pub 519 which will tell you most of what you need to know: http://www.irs.gov/pub/irs-pdf/p519.pdf
BTW, on the whole, you'll pay much LESS in tax in the US than you do in the UK. Petrol is still less than 50p per litre on this side of the pond and sales taxes (similar to VAT) are 10% or less, usually around 5% to 7% in most States. Property taxes are generally somewhat higher than UK Community Charge (old Rates) but are paid by the owner, not directly by tenants. Even so, the total tax burden is quite a bit lower. |
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Nag-iinit
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If you don't make money in the States and the only income you get is from your savings, then you will only be taxed from the interest you get from the bank. Also, you need to pay for property taxes, if you have a property and regular taxes when purchasing things. |
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connie_mspt
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You pay a percent based on what you earn (wages, tips, dividends, etc.) and what deductions you have (ie. interest on your home loan, dependents, charitable contributions, etc.).
Never heard of a non-dom tax.
If the government has any sense at all foreigners would be paying more. IDK |
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Maria R
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1st question alot
last question no they would pay more |
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The Dude
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You will only have to pay capitol gains tax on any income generated from investments or interest. I believe there is a tax loophole where if your a foreigner that is opening a corporation then you are tax exempt for 3 years. This was implemented to attract foreign investors. If you incorporate as an investment firm and funnel all you personal investments through that corporation then you may be able to avoid taxes on capitol gains all together (talk to your family accountant). You will also have to pay property tax unless you rent. Keep in mind that the most expensive real estate in the country is on Manhattan. Flats in Trump's Tower go for $20-40 million. However, Manhattan is one of the only places left in the US where the housing prices are still on the rise.
NY is a rat race, you may want to consider places like Huntington Beach, CA (near L.A.). Very rich and not overcrowded. Housing prices have dropped drastically and you can live like a king for much less.
I can tell you this, I've been everywhere in this country and there is nothing that even compares to the Florida Key's. The only problem is the summers are unbearable because of the heat and humidity. Most rich people (like my parents) own two homes. They live on Ft. Meyers Beach Island in the winter and have a summer home on a lake here in Michigan. Lake St. Clair (near Detroit) is the party capitol of Michigan and believe me we know how to party here. There are party Islands like Gull Island that usually have over 3,000 boaters anchored on any weekend with topless girls every where. The night life here is also very crazy. There is an endless number of night clubs packed with fresh meat. You are close to Chicago (4 hour drive). and NY. |
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jason
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Stay home. The last thing we need is some rich Brit taking our chicks. |
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neoga illinois
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it depends on the quality and skill of your tax lawyers and accountants. there are legal ways to reduce your tax burden.
the only people who know wont tell you for free. |
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shaun s
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Why do you not have a tax expert sort this out.
What about banking over the water and travel as a tourist to all the places you wish.
In this you can bank where you like
Put all your money in South Irish banks, or a little in HSBC international accounts. |
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PeaceNotWar
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I have no idea |
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Damian S
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I think that if your not an American citizen you'll be charged more for taxes, but if you are an American citizen you'll probably pay less taxes |
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plshelp08
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Depends on what status you are going to be living in the US.
And if you have so much money, would you mind paying for my college? I have only a year left, but tuition went up double and plus I am a international, so have to pay out of state :(
I cannot afford it anymore and might have to go back home. |
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A. Wright
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You are either a tourist or you are a legal resident, if you can get the right visa then you pay income taxes on everything like everyone else. |
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sITaRhero
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dude, i don't know!!!!!!!!! |
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