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 When do i pay stamp duty?
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 What r the rules of income tax?
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 Tax refund anticipation loan now?
Is there somewhere I can apply for an RAL now? I have a friend whose sister claimed H&R Block did hers during a special a few weeks ago, I thought you had to wait until your W2's were in. Is ...


 If you are claiming working tax credits how do they know u are dpoing 16 hours to pay you?
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 Is it true that Texas residents don't have to pay taxes?
I heard this at work and want to know if is true....


 What happens if I already filed my taxes and recieved another w2 in the mail a week later?
I worked 3 jobs last yr & I totally forgot about one. Didnt work that long but made a big chunk of money for the small amount of time I did work....


 Does it take two signatures two cash a joint income tax refund?
me and my wife are going through a seperation and she filed joint income taxes,i think she has or going to forge my name to cash and she dont want to share any money even though filling joint will ...


 How do I claim tax back from a previous tax year. (uk)?

Additional Details
I temp and I didn't work the whole of last year. My agency did not give me my p45 when my last assignment finished....


 SS# ends with 29... still no Silmulus :-( why?!?!?
I filed my taxes on Feb. 17th I had to pay 900usd. I sent my payment in on april 13th... just in time before the deadine of april15th. Checks cashed and showed up in my bank account on april 17th. So,...


 In the UK you can earn up to £104 a week before getting taxed is this wrong?
if you want to work more surly you should get taxed less

why not cut unemployment benefits so low wage workers can work there way up in society and more people can ...


 INCOME tax return question.....??
I own a house and went to school last year....I DID get income tax papers for BOTH...is that right? Can I claim them both? I am kinda confused on this one.Thanks for any help :)
Additional D...


 A legal query can anyone help!!?
my best friend has just sold her house and for personal reasons had to move to council accomodation, now she did make a substantial profit from the sale, we were talking this evening with friends and ...


 How do i turn her in to the irs for tax fraud?
What do i do about a lady i know who has a beauty salon in her house and doesn't report taxes or how much money she makes? To buy cars and houses she makes phony w-2 formS. How do i turn her in?...


 Do I have to provide my social security number for contract work?
I did contract work for under someone for under $1000. He has already paid part of the sum, but he's asking for my social security number before he pays the remaining money. I was under the ...


 If i already filed my tax returns and i recieved another w2 i forgot about am i able to file it next year?
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 How does working in a state and living in another affect your taxes?
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 Anyone have their direct deposit declined and paper check mailed instead?
Our return was accepted and was in processing until a week before the 26th, when I had expected it to be direct deposited. I checked online and for some reason, my refund was shown to be mailed on ...


 If I bought something at Walmart for $199.92, How much will the taxes be.?
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 If I get divorced, will my husband's social security benefit be income tax free?
I'm 14 years younger than my husband. He'll be eligible, in about 2 years, to begin collecting a reduced social security retirement benefit. Since he's self-employed in the ...


 My wife's grandparents want to give us $37,000 as a gift. What kind of taxes am I looking at?
I've never received this kind of money before at one time. Are there any tax exemptions up to a certain dollar amount that you can receive before you have to claim it?...



dream492003
Should'Tax be directly propotional to your income; meaning if you earn over a million you should pay 90%?
                     
 




ahmadnfo
Rating
Why not?


laduron7
So someone who earns $1 million should actually take home $100,000? I don't think so. The most someone should be taxed is about 40%, and that's if there's Universal Health Care.


da3rdxsacharm
If you do that, you will simply encourage the richest (and most taxed) people to move out of the country. This will force us to raise taxes on the next richerst group. This is not a good idea. It may sound good to stick it to rch people when you are only making 30k a year, but those rich people hire us to work for them. If they take their business or home out of the country, it ends up hurting those in the working class.


hideg
Like most things there are two sides to consider.

There are people who want a world where everyone is the same. To achieve this, they would tax higher and higher, the richer and richer you are, so that, ultimately, no matter how much you earned, you'd still only keep what the poorest guy got. We'd all be poor, money-wise, but the government would have so much money from taxes, that you wouldn't need to have money to pay for stuff like medical care, education, yadda, yadda.

The other side of the argument, is that not everyone works equally hard, or has the same ambition. There are dudes who like to sit on their butts all day, and don't see a problem with that, and there are others who are driven to do bigger, and better stuff, and to improve on themselves and their accomplishments over the course of their lives. These people take on more and more responsibility, and work quite hard. Should they get the same pay as the FUSH who thinks life is cool if he naps all day without the boss catching him? If the pay you keep is the same (because of taxes), no matter how hard you work, or how much you contribute, then there is no incentive to do better or work harder. Society is not better off, supposedly, when this happens. The old Soviet Union (which was the classic example of this situation, at least in many respects) had a saying: "They pretend to pay us, and we pretend to work."

The answer lies somewhere in the middle: The ridiculously wealthy (especially those who have jobs that really don't deserve such pay) should pay *more* tax, but not so much as to squelch ambition. And the money from taxes, *should* be spent to help even out the burden for people who earn less, such that they can enjoy, as a right, the basic necesities of life beyond what the poorest salary should pay: Health care, education, food to prevent hunger, yadda, yadda.

The devil is in the details, and people of good faith argue where that middle ground should be, and where the line should be drawn.


Bobcat
Rating
No. The dog already has enough ticks sucking it's blood dry. There needs to be an incentive to produce. Otherwise the hosts die or become parasites also.

The top one percent currently pay 50% of the taxes collected.


S T
Rating
No! A flat tax would treat everyone equally. Why should the
one who is able to make a million dollars a year have to take
up the slack for the slacker that makes little or nothing?


MukatA
Rating
First go through this data:
The top 1 percent of taxpayers (AGI over $364,657) earned approximately 21.2 percent of the nation's income (as defined by AGI), yet paid 39.4 percent of all federal income taxes. That means the top 1 percent of tax returns paid about the same amount of federal individual income taxes as the bottom 95 percent of tax returns.
http://www.taxfoundation.org/research/show/250.html


what
Rating
I would love to see a flat tax, and that is directly proportional to every one. But it has to be everyone. And it should be just once, at the register when you buy new items. If it is used, then no tax. I think a flat tax in the range of 15% is very adequate.
My figuring is this: The Mormon Church almost requires its members to tithe. They tithe 10%, plus various other funds they pay into. This is one of the richest non-profit organizations on earth, and they only have a few million people, not the 8 million as advertised, because they count people who have left church. So that as a model shows the money would flow freely into the government at 17%. All people would benefit, all would pay. Fair and equal. Now quit the free money to the illegals who get food stamps, and reduced this and that, and the prok barrel stuff in congress, we would all do better.


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