 Are charities a tax deduction or tax exemption? |
| what if you give charity to poor people at the gas station who clean your car windows and you give them money, how can you document that properly to the irs?... |
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 Stimulus check :(? |
1. With my original tax filing, i recieved a small return that was direct deposited into my bank account.
2. I got the letter in the mail that said i was going to recieve the stimulus check.
... |
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 Babysitting Income and filing taxes on it...? |
| I babysit my neice and they pay me 50.00 a week...they have paid me a total of 1800.00 this year. My question is...she is filing it on her taxes as childcare expense so do I need to file this as well?... |
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 Is an E-Mail I received from UK National Lottery a legitiimate drawing? |
| I received notice of winning 1,500,000 in the UK National Lottery. It is from a <wbraun@houston.rr.com>. I am to claim my prize by responding to : claims_agent_ukoffice@yahoo.com.hk. I know ... |
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 I need an approximate estimate of how much income tax the IRS will take out of $10.00 an hour.? |
| I think the total earnings for the year will be approx 20,000. for the year. I have five kids, but would probably claim 0 deductions. A web site with info would help too. I was thinking it might be 15... |
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 I'm considered to be "self-employed". I made 12K last year. What do I owe the IRS? -? |
| I don't pay state income tax. I have no dependents other than myself. And I don't have deductible expenses. Or any records of chartiable contributions.... |
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 Stimulus government tax checks. How many have received your paper checks and what numbers? |
| How many have received their paper checks so far? And what last two social numbers are you? I am trying to figure out if they are ahead of schedule. My tax prep center told me the IRS is ahead of the ... |
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 I think i have been overpaid housing benefit - what should i do? would you notify council? |
I was on job seeker's allowance for 3 weeks and my housing benefit has now come through - £703 - I think this is too much - what do you think? what would you do?
my rent is £240 a ... |
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 Best friend hasn't filed her taxes in years, what to do? |
| To be fair, she was having serious problems (jail, drugs) but she probably hasn't filed in 11 or 12 years. she is scared to death to file, but she says she wants to get all this behind her. she &... |
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 Stimulus checks? |
| My fiance and i were both supposed to get stimulus checks. I heard the government moved the date up and if you had gotten direct deposit, you should have it in your account by now. we both had direct ... |
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 What if my employer deducts all of my taxes and doesn't pay them? ? |
| My employer stopped using our outsourced payroll company and has just been handwriting all of my checks. They are very terrible about paying bills and i know they haven't been taking care of ... |
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 Can I claim my girlfriend on my taxes.? |
| I live with my girl friend and we both work. Can I claim her on my taxes.... |
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 Do you think that the scots should have the right to seperate from the UK? |
| given that they have bled English tax payers dry for hundreds of years and they can boast that they have billions of barrels of oil when it was found using the hard earned money of the English ... |
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 OKAY! Good NEWS! For those WHO Got 1/23 DEPOSIT DATE..I SPOKE TO IRS...LIVE...and here's the scoop...? |
| Okay about thousands of us are getting the refund status online "That you should have gotten your refund on 1/23/09 and that you should call if you haven't gotten it today 1/28" Well ... |
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Sir Nickle Barsteward | Should we get inheritance tax banned. Isn't just a tax on being dead.? |
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Angel E
 |
Yes, its totally terrible, I've arranged to get my mum's house transferred into my name early so I don't have to pay inheritance tax. |
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CeeVee
|
Like most allowances this one has been indexed at the lowest possible rate and so catches far more people than originally intended.
It is set at a swingeing 40%, so even if you were a low or no tax payer when you were alive you become a surtax payer when you die.
The super-rich rarely get caught as they can afford to pay smart accountants to find ways around it, so it's the ordinary person who ends up paying it.
A lifetime of prudent finance is wiped out by a greedy government trying to wring every last penny it can out of anything that lives, breathes and then dies. |
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rockEsquirrel
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Yes, it is an immoral proposition. Totally without merit. |
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Michael
 |
ye its an unfair tax all that money has already been taxed several time and hard earnt, its just a rip off by the goverment |
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cdrotherham
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It is worse than a tax on being dead, it is a tax on being bereaved. |
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snarleye
 |
Most definitely should be banned. How awful to tax a persons dependents on "taxed money" they worked so hard to leave. Absolute disgrace! |
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W0LF
|
It amazes me that people complain about death being taxed. Like they imagine it's free. Death has a remarkable cost. After you die your body and your estate do go on. While it's unlikely but not even impossible that you'll continue to generate income all aspects of your financial life have to be corrected in the system. The larger your empire the more of a burdon you place on the system when you die. If you have your last will and testiment carved in stone you're awesome but few people do and their deaths create a circus for the Probate courts who will have to settle their affairs on the State's dime. If you haven't made funerary plans and you don't have a family who can look after you the state has to dispose of your body. Washington State attends to the deaths of over 2000 souls a month. Your death wheather you percieve yourself as a burden to the system or not costs the Goverment money. If you don't like it, don't die! |
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wei_bei_li
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no it's atax on the people inheriting the money |
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greeneyedevil
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The inheritance tax is a dinosaur. It is the most unjustifiable tax in existence. It punishes people for dying unexpectedly, more than anything. |
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sheeny
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I'm with you. The dead already has paid taxes on their money. Now the person they give it to has to pay taxes on the same money. We are getting screwed. |
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Grad Dawg
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Sure and income tax is a tax on living productively. I'm against estate taxes, but for econometric reasons. |
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Yinzer from Sixburgh
 |
I WOULD be opposed to it out of principal, but it doesn't affect me so I will let those with the big bucks fight their own battles.
Believe it or not, in most situations, estate taxes will not have to be paid by your inheritors. In fact, unless your property is worth more than $1.5 million, your estate will not have to pay taxes. Also, any property left to a spouse is exempt from taxes, as well as any property left to a tax-exempt charity.
However, a few states do have inheritance taxes – where they person inheriting the estate will have to pay a certain amount of taxes, depending on your relationship to the inheritor (the closer to the relative, the less taxes in general).
Nevertheless, many states do impose an estate tax, and because of the current tax structure, state estate taxes are on the rise.
Here's a chart which shows the graduating tax amount:
http://www.mbscott.com/taxchrt.htm
Here's some updated info from: http://www.irs.gov/businesses/small/article/0,,id=108143,00.html
Estate Tax Questions
Reminder: Most relatively simple estates (cash, publicly-traded securities, small amounts of other easily-valued assets, and no special deductions or elections, or jointly-held property) with a total value under $1,000,000 do not require the filing of an estate tax return. The amount was $1,500,000 in 2004 and 2005. For 2006 through 2008, the amount is raised to $2,000,000. |
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