 If u owe back taxes will the goverment keep your rebate tax checks? |
| if u owe back taxes will the goverment keep your rebate tax checks for your back taxes?... |
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 Who's taxes do i go in? |
| I got married in December 2007, i didn't work or make any money in 2007... do i file jointly with my husband or do i go in my mom's taxes as a dependent? Also, if i should have filed with ... |
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 Can you rollover a 401k to an IRA and then take a distribution without paying taxes? |
| I am leaving my job and want to use a portion of my 401k savings in the meantime. I was told that there is a way to roll the money into an IRA and then withdrawl without penalty. This seems odd to ... |
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 If a minor has a job, do they still have to do taxes? |
| i work in a company where i get always get taxes from state (California) and federal but i've only been there for 4 months, its my first job, should i still have to do my taxes in 2007??... |
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 My husband and I have no children(yet) and are renting a house, what can help us to not pay a lot for taxes? |
| My husband and I don't have children(I am however currently 11 weeks pregnant). We are renting a house, that is under my fathers name, but due to the economy we have not been able to change my ... |
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 When the Uk reclaims soveirgnity over the US later this century should we charge them for the tax due or what? |
i mean its a hell of a lot of tax missed right, the inland revenue must be rubbing their hands like hell.
Additional Details
hmm funny i thought we just finished paying our WW11 ... |
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 If I sell my house to build a new house do i have to pay capital gains taxes? |
| This is the first house I have owned and we have lived in the house for four ... |
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 Received a Form 1099A - Do I have to do anything with it? |
| Last year I lost my house due to extended unemployment, the home was foreclosed on in April 2006. I just received a Form 1099A and have tried looking on the IRS site, but no luck. Do I need to ... |
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 Taxes without my daughters social? |
| I had my daughter back in October. Tax season is coming up and I heard I couldnt claim her without her SS number. Is that true? The hospital usually files for it, but someone misplaces paperwork, ... |
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 Are mechanic's tools tax deductible? |
| My husband started working for the City of CC and of course being a heavy equipment mechanic one must have their own tools. He has purchased several items adding up to almost $2,000. We have saved ... |
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 I need 50k in one year (after taxes)? |
How do I get this amount of money? Any ideas!
Additional Details
I am willing to work....and open to work but it is important that I have 50k by the end of this year....... |
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| We're married, filing tax return jointly. New this year: daughter has a new job.? |
Do we 1) include her $6000 income and withholdings on our return?, or 2) have her do her own separate return for her $6000 income and withholdings? Is option-2 correct?
Thanks!!... |
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 Does a senior citizen have to claim rent as income that he gets from his daughter if less than $150/month? |
| My uncle wanted me to check this out for him. His daughter is over 30 and living at home and pays 150 a month rent to him. He was on a disability pension before he turned 65 and up til that point ... |
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 Tax and national insurance?? |
| i resigned from my job 6 weeks ago, since then i have been looking for another full time job but have not been succesful yet, i do not want to sign on the dole but do i have to tell the dole office ... |
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*rasberryswirlgirl* | What would happen if everyone decided to rack up their credit cards and never pay it back? |
Sometimes I feel like we need to show the government that they take way too much out of our paychecks for taxes and what not so we need to show them that we have to live on damn credit cards just to get by. What do you think? |
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Jo Blo
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everyone would lose their points and couldn't buy all that cool stuff |
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Joe
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The interest rates charged on unpaid balances would be charged each month and the debt would keep piling up. Eventually, these debts would be turned over to collection agencies and those folks would make your life quite miserable for awhile. Eventually, I could see a lot of personal bankruptcies being declared, complete with legal fees. The credit cards would be canceled so you'd have to start living paycheck to paycheck.
I think that it isn't that the government is taxing you too much that's getting you down. It's either that you're living too extravagantly for your income or that your pay is too low for how you want to live. Either way you look at it, your best bets would be to cut back on your consumption (in which case, you'd be cutting back on the taxes you pay, too) and at the same time, work to find more income. Maybe you need a degree or a certificate to qualify for the next raise or promotion you'll get? Go after it. Or, perhaps the answer is to polish up your resume and start working the "employment wanted" section of your local newspaper. |
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npwinder
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If you want taxes decreased start trying to get medicare, Social security, Welfare, Fedral Grant money, all reduced.
Also expect crappier roads, more expensive but less quality health care.
Or move to switzerland.
Maybe if your living off credit cards you need to see what you spending money on. |
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addict for dramatic
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Then everyone would owe alot of money. |
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userafw
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This would penalize the financial institutions, not the government. Although the banks borrow money from the federal bank, they are separate from it.
If less people paid off their credit cards, the interest rate charged by the credit card companies to cover their costs would increase according to their risk - consider the high rates that payday loan companies are able to charge, because some people are willing to pay those interest rates.
Besides, one can only file bankruptcy about every 8 to 10 years, and laws have changed to make it more difficult to file for bankruptcy. So, eventually one ends up paying back one's loan one way or the other, and the longer it takes, the more interest is paid on top of the original loan.
Writing a congressman or 2 with suggestions for tax breaks that would actually apply to the middle class - not just to the upper class - would probably be a more constructive course of action. |
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Judy1
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And just how would running up credit card debt take money away from the government? Last I looked, banks were private and not owned by the government.
If you're talking about everyone quitting their jobs, then yes, tax revenue would decline. Fortunately most people are honest, and wouldn't just run up debts they knew they were going to default on. |
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dwagsfive
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For the tax portion of the question:
You are entitled to vote, to petition the government for redress of grievances, and to contact your elected representatives to make your opinions known.
For the non-tax (credit card) part:
If everyone maxed out credit cards and then defaulted, the credit card companies would suffer massive credit losses, which would very likely ripple through the rest of the economy. The result would be increased prices, interest rates, and umemployment. The cure you suggest is worse than the disease. |
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Mardy
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Banks and governments are two totally different things.
What would happen if everybody borrowed money (as in maxed out their cards)? It will cause interest rates to rise, as the supply of lent money will swamped by borrowers. Governments could print more money, but then you would have inflation and/or the plumetting value of your own currency.
You've got a vote. Use it wisely. |
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