 My 31 year old son plays in a rock band and tells me he hasn't filed an income tax return in 10 years. ? |
| he has never earned much and it probably was mostly just cash payments. question. he is in serious IRS trouble?... |
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 Tax deduction? |
If you give a gift of money to someone in need, can you write that off as a deduction, and how if so.
... |
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 Is TurboTax worth it? |
| I've heard a lot about TurboTax, but with the price of the software, is it really a good investment? There are different levels of membership as well--which is the best value for your tax needs? ... |
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 Do I still have to any tax? 10 pts for best answer!!!? |
I received a large sum of money ($12,000) from my motor vehicle insurance company. Do I have to pay any taxes? If I do, then how much? When do I pay? How do I pay?
i will be rewarding 10 ... |
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 Does anyone have any TRUE info about delay of refund? |
| We all have heard so many reasons about our refund date being pushed back, I was just wondering if anyone might actually have the real reason why. there have been so many possible reasons, but some ... |
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 How strong is the IRS? |
| What power do they have and to what extent can they use it?... |
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 How do you go about stating your own income on taxes. i work under the table.? |
i would like to have something to bring to, say a dealership or something. am i going to owe a bunch of money when i go to say H & R Block
Additional Details
i guess i worded it ... |
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 Can I claim my baby born on August 13th 2008 on my taxes? |
Hello my little one arrived in August I was wondering if I could clain him on my 2008 taxes.
Thanks in advance:)... |
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 Can I deduct improvements made to a house I sold in '06, and do I have to pay taxes on profits from the sale? |
| I sold my primary residence in 2006, for $125,000 and bought a new house for $205,000 in the same month. I used 75% of the profits from the sale ($30,000) as the down payment for the new place. My ... |
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 Is money gifted to my children taxable under the kiddie tax law? |
| My mother gave each of my children $10000. Does the kiddie tax law affect this?... |
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 Do you have to file your taxes every year? |
I heard that there is a law that says we don't have to file our taxes every year as long as we don't go into the negative? Does anyone know?
Additional Details
Actually I did ... |
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 Paying taxes...? |
| I am only 17 and s at the moment don't really pay many/any taxes, however, it just seems to me that taxes are going up and up. I heard on the radio that 3/4 of somebodys wage goes on tax and ... |
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 Do I pay taxes on my gain on my home? |
| Ive lived there for 6 years. im selling and walking away with about $100,000. I am planning to buy a new home right away in another state. Do I have to pay taxes on the money if I buy a new home ... |
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 Anyone get their stimulus DD today yet ??? |
| Just wondering if anyone got their check direct deposit today like they were suppose to ? The IRS site said mine was suppose to be today,may 16th, but it is not there ?? If you did get your today, ... |
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 When do W-2's have to be mailed out? |
It's the 31st, correct?
If you have a child that is in daycare, does the daycare have until the 31st to mail out the information for the child care credit as well or do they even have ... |
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 Would the UK be a better society if unemployed people went to work in a workhouse? |
| assuming they didn't take the jobs of employed people? What jobs do you think they could do?... |
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 Can I avoid paying tax if I receive regular payments by cheque? |
| I know you can avoid tax if you recieve cash in hand- but what about cheques?... |
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 Please tell me if this is true or not? |
| When i was at work today my boss told me that when Bush gave us those stimulus checks in 2008...when we do our taxes this yr..the IRS is taking it back...My boss also said that she called HR-Block..... |
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gus m | Who owns the Federal Reserve Bank (the USA 's debt in the trillions; we owe this money to whom? |
The Fed. (headed by Alan Greenspan for years till last year). Regulates the interest rate.
Our debt in the trillions of dollars . To whom do we owe this money; if the US is the richest country in the world and so drowning in debt? WHO IS THIS RICH ENTITY? |
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Wayne T
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The Federal reserve is owned by private banks and the Federal Government is in debt to it each time it needs to borrow money. The "Fed" creates money out of nothing, then loans it the our govt, then we, the taxpayer is obliged to pay this debt. At this time each person is in debt to the Fed in the amount of about 63, 000 dollars the moment that they are born. This amount goes up every day. |
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kmatthews26
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Japan, South Korea, and China own a good portion of the foreign parts. Savings Bongs, and government T-Bills are the largest part of the domestically owned debt. |
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crazydavythe1st
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Some money is owed to foreign nations, some debt is owed through government bonds, and so on... |
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cbmaclean
 |
The money is owed to mostly Americans...the people who own US bonds. The government issues US bonds, at a fixed rate for a fixed period of time..and mostly it's its own citizens which buy, (or lend) the governement issued bonds...its not all owned by foreigners, as some would suggest.
One can find out the proportion which is foreign owned..by the Saudis and Japanese, and others....I have US bonds myself...
Who owns the Federal Reserve Bank....that I cant help you with ...the US governement and therefore the people of the USA I presume.
Brock Maclean
Canada. |
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allan
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the fed is privately owned, these people who claim it isn't just don't know what they are talking about. The fed's board members are picked by congress (true) but that does not mean the fed is publicly owned. It is made up of a bunch of different banks (which are privately owned). Nobody seems to know who owns these banks (I'll bet most of them are in forbes magazine). I have read many websites that ponder the same question and nobody seems to have an answer. My conclusion is that nobody knows for sure. |
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Lianne
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Nobody OWNS the federal reserve bank it's a branch of the goverment and is both a regulator and a bank of banks, divided into 12 districts.
Most of the debt is owed to foreign goverments particularly Asian gov't s and the debt is high but we can't ever go bankrupt, the gov't can always raise taxes or print more money. It is a serious concern though because the national debt is being added to everyday, under the Clinton Admin it was under control. Our currency is already pretty weak in comparison to UK and Euro. |
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bbbryan14
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like people said, domestic T-bills and government bonds make up parts of the total debt... then there are foreign banks and nations, they lend us money too...
but don't worry, compare to the GDP, the debt we owe is nothing... that's why we have such a high leverage because we know we can pay it off... i mean, compare to some asian countries, like south korea, their debt is like 200% of their GDP, so we can sit back and relax.
oo, who owns the fed... i'd imagine it is part of the US government, because isn't the chairman appointed by the president? i'm not very sure about that... i always assumed it's a government department... so i guess i'm probably wrong |
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gray shadow
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The Federal Reserve System is a government agency set up to be quasi-independent. It's governors are appointed by the president and it is overseen by Congress. The board of governors decide on monetary policy and direct the actions of the 12 Fed Banks. There is absolutely no private ownership at this level.
The question of ownership comes from the fact that the 12 individual banks require "shares" purchased by member banks. These shares are paid a fixed dividend (6% last time I looked) that does not change and does not reflect the profitability of that Fed bank. The member banks have some voting rights within their branch of who will be on their local fed board.
Much of the U.S. debt is actually inter-agency. That is, by law, all Social Security surpluses have to be invested in T-Bonds. So essentially it is the government owing itself.
In answering your question, let's look at debt owned by the public.
A little more than half of U.S. debt is financed by foreign banks and investors. They have plenty of dollars to invest due to the tremendous trade imbalance.
The Federal Reserve buys T-Bills debt as a means of getting currency into circulation. As of last week, they had $835B in T-Bills.
The rest is owned by domestic investors.
It should be noted that about 98% of the interest paid to the Federal Reserve from T-bills is returned to the Treasury making it virtually interest free. |
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divineshadow
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the us in in debt bacause we spend too much then we take in from taxes, the government simply cannot print more money to get itself out of debt, because with soo much money in circulation, money would be worthless..... which is why counterfiting is a big crime now-days.. .. its the reason why we need a balanced budget amendment!!!!!
go to
http://www.uwsa.com/uwsa-usdebt.html
for your future contribution caluation! |
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rhett_madison
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WATCH THE DVD CALLED "THE MONEY MASTERS" I THINK IT'S ON GOGGLE VIDEO THAT SHOULD ANSWER YOUR QUESTION. |
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