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| My best friend is currently getting her wages garnished from a student loan. She is about to file her taxes, but isn't sure she is going to receive any money back because she still owes. Will ... |
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 If you knew someone who bragged about not reporting all their income to the IRS, would you report them? |
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 If I work at the age of 16, and I only live with my mom, would I still need to file taxes in February? |
My dad and my mom divorced. It's only my mom that is taking care of me.
Additional Details
My mom and my dad are divorced, and only my mom takes care of me. This is taking place in C... |
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| Im a student nurse in england, my university fees are paid by the NHS and I also receive a bursary of around £6000 (just below). Ive just got a job with NHS professionals as a care support worker to ... |
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| i have vet bills that total over 1000 dollars because she had surgery and checkups in between can i claim that on my taxes for 2008 (i know silly question)... |
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Rodney C | Where does UK government borrow money from? |
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Kim G
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Bank of england |
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mark_harrison_uk2
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In principle, anyone - in practice Banks and Pension funds.
The government take a lot LESS in tax than they spend. The difference - the deficit - has be be borrowed.
They do this by issuing "bonds" - ie a promise to pay interest for some time, AND buy back the bonds at a fixed date in the future.
A typical bond will be called something like a 4.25% 2055 bond.
That is to say, each year, the government will pay the holder £4.25... and in 2055, they will buy the bond back for £100. That doesn't mean that you'll get 4.25% interest on what you paid for the bond... the bond, now in 2008, might sell for more or less than £100, depending on how many people are currently wanting to buy compared to sell. (If more want to buy than sell, then prices go up to the point at which some buyers drop out, and some extra sellers decide to take the cash, and the numbers of buyers and sellers becomes equal.)
Bonds issued by the Governments of the UK, Ireland and South Africa are called "gilts", because in the days when such things were pieces of paper, the Government ones had a bit of gold leaf (ie - gilt) round the edges.
Bonds tend to go up in price when stock markets crash, because investors want to get out of shares, and want somewhere "safe" to put their cash. Likewise, when markets boom, bonds tend to go up. |
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Vicente
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The government gets money from taxes.
I'm not sure if it borrows any. |
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JimmyBu
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They usually steal it ------- from us the people!!!! |
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Here there and everywhere
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Sometimes its by things called 'Gilts', which are government backed bonds. (A bond is a cash loan with a fixed interest rate and a fixed repayment date, typically from you to a bank, or in this case the government.) The redemption date is usually a long time in the future (100 years...)
You as a private citizen can buy gilts, if you want to. Essentially they are a very, very safe investment, as they are backed by the government, but they pay less interest than elsewhere. |
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man290663@btinternet.com
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The government issues savings bonds (NS&I) the most famous is the premium bond.
by savers saving their money with NS&I they are lending the government the money it needs.
these are called Government Bonds or Gilts.
So they borrow it from the Saving public in this country. |
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kow
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Other governments. |
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Grey Mare
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When it becomes necessary for the Government to borrow money, it comes from an organisation called The International Monetary Fund.
If we get to the point where this happens, then the situation is bleak.
Way back in the early 1970's, the Labour government did just this, and it took the Conservative Government - who were elected when Labour went into a terminal dive, just like they're doing now - several years to repay the debt left by Labour.
The IMF, as it is known, is there to lend money to any country that needs it, and has signed-up to the IMF.
An IMF loan can be useful in the short term, a bit like a credit card or personal loan, to you or me, but when the Government start using it to service other bad debts, or for the normal day-to-day expenses of running the country, it can become something of a 'millstone around the neck' for whoever replaces them. |
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URBAN SOUL
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anywhere it can! |
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