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 Does anybody know how much tax is cut from minimum wage in the UK? Thanx?
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 How long after the deadline did you receive your stimulus check?
My check is being mailed no later than July 4th (a holiday) so when can I expect my check in the mail? The letter says it should be here a few days after, but since it's a holiday I'm not ...


 I just got married. What last name should I use to file my tax returns for this year?
This may be a stupid question, but do I use my married name or my maiden name? I ask because I still get checks from work with my maiden name and have not changed my bank account yet. However, I ...


 So does the Pizza Hut waitress need to report to the IRS the $10,000 tip?
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 If i am sacked due to illness will i be able claim benefits?
due to illness i have had alot of time off.my work have told me either to leave or be sacked.my doctor has advised me to leave. but i have just been told if i leave i cant claim benfits if i am ...


 How can you track your federal income tax return?
its been about 8 weeks since i sent in my federal tax return and i need to know how i can find out if it was ...


 My financial advisor told me I can claim my meals, mileage, haircuts and...?
and clothing on my taxes for my work. I am employed, not an independant contractor. I go to the location in my town twice a week, and travel 66 miles 3 days a week to another town. I don't ...


 Bloomin Hell?
If you click on all the countries under taxation, USA has 2 questions, others none (I think) and UK 38+ questions. Is our tax system that bad?...


 If i bought an item on ebay from an international seller. Would I get taxed when it is posted to me in the UK?
More specifically i was looking to buy a sports racket. The listed price from power sellers in Hong kong looks cheap. Would I get taxed by the customs here in UK when the package arrives. And if so, ...


 Is there a standing reward of $100,000.00$ to anyone that can provide a law requiring you to file a tax return
a tax code rule that says if you are required to file a Federal Tax return then you must file dose exist.
But you are not required to file....


 What are my options if I forgot to pay peroperty tax before dec 10 2007?Is there any way to avoid penalty?
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 If I buy a product from Germany, do I pay VAT ?
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 Help with taxes!!?
Does anyone know of a website where it explains the meaning of claiming single or married and the amount of dependants? I am married and I would like to have more taken out of my paycheck each week ...


 How can I get less taxes taken away from my paycheck???!!!???!!!?
I make a good income and feel that taxes are killing me. I get paid biweekly and and my check is $2925 and it comes out to $1885 after taxes!?!?!?!!? How can I get this down?

My Dad is ...


 IRS Stimulus check question?
did anyone get their stimulus check yet? How long did it take after your letter came to get it? also what numbers does your last two digets fall under? I know I supost to get mine within this week or ...


 My son is off sick and his employer won't pay him.He paysNI contributions and works full time?
should he be entitled to ...


 PAN Card Allotted or not ?
I have a strange problem. My auditor has filed IT returns on with a PAN No which is claimed to be in somebody else name. How do i find out whats the PAN number alloted to me ? I had applied for PAN ...


 If my rental income is equal to my mortgage should i still pay tax?
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 Are too many people claiming too many benefits these days?
I've been temping in a debt management company for the last few weeks and processing people's financial statements. More than 70% of the people are on benefits, alot of them with 4+ ...


 I already filed my fed taxes. The next day, I got a 1099G for a 2006 state refund?
I did my taxes online, and filed electronically....I don't remember ever having to report my past year state refund in past years....

What is that 1099g for, anyway? Do I HAVE to ...



ArgeLo
Which is bad, Tax Evasion or Tax Avoidance?
                     
 




Judy1
Rating
Tax avoidance refers to legal ways of minimizing your taxes. Tax evasion refers to illegally avoiding taxes, so that's the one that's bad.


Oh Boy!
Tax evasion is a crime. Tax avoidance is expected and is legal.


Wayne Z
Tax Avoidance is legal. Tax Evasion is not.

For example: Investing in Municipal Bonds is "Tax Avoidance" as the interest income on Muni Bonds is not taxed. Taking a huge charitable deduction that you did not make is Tax Evasion and could land you in jail.


bostonianinmo
Rating
Tax evasion is illegal.

Tax avoidance is using the law to minimize your tax liability. It is perfectly LEGAL. Investing in tax-free munis, contributing to an IRA or other tax-deferred investment vehicle, holding assets for over one year to get the long-term treatment, offseting capital gains by dumping turkeys that have lost value, are all examples of tax avoidance. Please ignore the clowns who say that it is illegal.


bold4bs
Neither.

Tax Compliance!


twv706
Tax evasion is a lot worse.


one2one
Rating
if you want to pay tax with fine, u choose tax evasion,

if you want to reduce your tax and increase your investment in approved bonds, u better go for tax avoidance


Jo Blo
Rating
evasion


rlvanhazel
they both bad.. do you mean which is more badder?

Evasion i guess.. technically they could both be defined as the same thing.


MissV
Rating
Jail time and fines are the same.


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