 Benefit's Payments..........? |
| Does anyone know when Child benefit is being paid as mines due xmas day also, child tax credit which is due boxing day and also is income support normal as mines due on the thursday 27th.... |
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 I live in a Condominium, in New York, and I am told that Maintenance charges for the Condo are tax deductable. |
I live in a Condominium, in New York, and I am told that the maintenance charges for the Condominium can be climed as expenses.
Please advise if this is correct.
Thanks.... |
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 Is it right that the Bank of England helps the "private" banks in these hard times? |
| The B.O.E. has dropped the interest base rate twice, the banks didn't pass them on, now the tax payer may have to bear the banks losses..... what else will they do with my (tax) money?... |
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 Can Musicians deduct their manager comissions and or lawyer fees from thier taxes? |
I've asked several different people and they all say different things. Can somebody give me a definitive aswer?
Additional Details
Ok let me clarify, my group is close signing a ... |
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 If I am an independent contractor who made 10,000 in 2008 - how much of a tax refund will I get back? ? |
I am single - no children. I am a full time graduate student.
Additional Details
Am I able to deduct medical expenses to receive a refund?... |
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 Check stimulace - taxes? |
| me and my husband havent gotten our check yet... others have gotten theirs... his last 2 of his ss is 98... |
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 Economic stimulus check question. Who's right? |
| I was talking to a family member about the economic stimulus checks being sent out by the IRS. The family member said that not only has she not filed her taxes for 2007, but she is just now working ... |
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 What are the consequences of not filing taxes for several years? |
| What if someone has lived abroad for five years and not filed their US taxes even once in that time? What are the possible consequences of this? How can this be remedied?... |
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 Returning DVLA tax disc? |
| I am getting my vehicle scraped, but it's tax disc does not run out till August, but I heard if I send it back to DVLA I can get a refund for 5 months! How do I send it back to DVLA? What forms ... |
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 What qualification is required to prepare people's taxes? |
| Does it require certification, accounting degree, CPA, or what?... |
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 I claimed a child on my return without permission but he lived with me and his parents claimed him also. HELP! |
| i claimed a teen on my income tax return who lived with me the entire year and i took care of him . i claimed him on my taxes and got the money back already. i did not ask the parents if i could ... |
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 Can I claim my brother as a dependent? |
| My brother has been living with me for the last 1 1/2 year. He has only worked maybe for 2 month at most of the last year. He does not pay any money at all to live here not even for food. Does this ... |
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 I am Brazilian, and living creature very well, logical! how it is to be an Indian poor person, is very bad to? |
| I am Brazilian, and living creature very well, logical! how it is to be an Indian poor person, is very bad to live in this poverty that vocês lives?... |
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 Why won't the IRS, nor most C.P.A.'s show us the stautue where it's states all workers must file a 1040 form? |
| Recently, Tom Cryer was recently found 'not guilty' by a jury for 'failure to file' a tax return. Mr. Cryer stopped filing yrs ago. The judge, the govt attorneys, and the jury ... |
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oakly | What percentages of our incomes go to taxes ? |
It crazy.. Income tax, property tax, taxes on all your fuel and purchases... what percentages do average people pay ... do they get to spend any of there money |
 |
 
Year 2012
|
It depends on your marriage status, your income, if you own real estate etc.
For example:
~If you make less than $12,000 annually then you pay no taxes except for taxable merchandise.
~ If you have 6 or more children you pay no taxes except for taxable merchandise.
~ If you are an average person, who makes average income ($50,000 annually) and you are married with two children, you will be paying from 15 to 18 percent it depends on your exemption.
~If you own a house that cost $800,000, you will be paying an additional $10,000 property tax. (You will probably get an average of $2,000 when you claim your income tax.) Meaning you paid a net of $8,000 if you own a house.
HOME TAX PAID / TOTAL INCOME = $8,000/ $50,000 = 16%
In conclusion, if you are an average person that makes about $50,000 annually and have a non-working wife and two children, and you own a house, which you paid $800,000 for, you will be paying about 32-33% of taxes.
If you are single, you will be paying about 5% more.
The following do not count as taxes:
~insurance
~401k
~IRA
~social security
~unemployment |
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GQCPA
|
Depending on what state you live in, most states have state income taxes as well. If you live in high tax states such as New York or California, depending on how much money you make, you can end up giving up 50% of your earnings to the various government entities. What a rip off!! Someone said one time that for the first 5 to 6 months of the year, you are really working for the government. How true that is. |
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juddhodgson
 |
I think it is 40-50% in my case.
Many politicians want to get as many people beholden to the gov't as possible. The more tax credits, deductions and checks issued by the gov't to the citizens (welfare, Soc Sec, medicare, pensions, payments for not farming lands etc etc) the more control they have and the easier to implement their social programs.
We need to free ourselves of the bonds to gov't where possible. Gov't should stick to the large things that individuals and groups of citizens cannot take care of. National security, raising an army (all the services), building and maintaining roads. |
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jonas_grant
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Vote for fiscal conservatives to stop this. And when someone proposes 'shouldn't the govt' or 'they ought to provide', ask 'Who's gonna pay!?' There's no free lunch, and govt introduces additional inefficiencies, unfairness, and waste.
But most people only focus on the free part - free helath care, sounds great - Hillary, Obama, Edwards are all out there pandering on this already.
But really it's just another tax on the working class.
The Club for Growth is an indie group that points out and supports fiscal conservatives, as is the National Taxpayers Union. |
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bostonianinmo
 |
I've heard a lot of percentage bandied about so I had a close look at my finances for last year. Due to the sale of some real estate holdings I grossed a bit over $125k last year. I added up all of the income taxes that I paid plus real and personal property taxes and an allowance for sales taxes and gasoline taxes. The total crunched out at 28%. There are other hidden taxes that are not included in that though. There are excise taxes buried into the cost of most items you buy and it's not feasible to calculate those with any accuracy so the ultimate total will be somewhat higher.
Just for giggles, I crunched some numbers as if I still lived in the UK. The total bite would have been 52%. Good thing I'm back in the good old US of A! Income taxes in the UK are somewhat higher than in the US but VAT at 19% and $4.00 a gallon in petrol (gasoline) taxes would REALLY add up over time -- plus the damned $200 per year tax just to turn a TV set on for an hour a day! |
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Flyby
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If you take all of the taxes we pay expect to lose more than 50% of your earnings to taxes in one form or another. Until people decide they can buy things for themselves and stop looking for government to supply all of their needs, that isn't likely to change. |
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Peter T
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About 56% of the average persons income goes to taxes in one form or another. Income, property, excise, and every other variety, including Federal, State, and local that net tax consumer politicians can think of to keep them, and their net tax consumer public dependents in the style that they want to become accustomed to.
Remember that every penny of "Government" money came ou of the wages of some net tax paying worker. |
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Crabby
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Around 50% ++ .....
We pay tax till we die... |
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