 I pay 800 a month in child support is there a way to claim that on taxes in any way.? |
i would like to do this without asking the mother for permission or a court order
Additional Details
well i realize child suport is a oblidation smat asses but i get a tax break on my ... |
|
 My mom and sister are moving in with us. Should we claim them on our taxes? |
| We'll be paying her $1,000 monthly, and my sister will be a college student. We are doing this because child care is too expensive in our area. It is cheaper to have them move in and provide ... |
|
 I haven't worked for the entire year of 2006, do I still have to file for some form of taxes?t? |
| I haven't collected unemployment or any other form of income I lived strickly off of my savings.... |
|
 Do they have social security in the UK? |
Additional Details
if so how much do you get and what is it called there?... |
|
 What is the tax in the USA? |
what percent is it in?
Additional Details
in the state of washington..... |
|
 I put someone elses kids on my tax return , what will happen? |
| I put someone elses kids on my tax return, and got permission from the parents, if I would kick them down some money. I filed as head of household and got alot more back than I would of got myself. W... |
|
 What is the total of $19.95 + tax? |
| I want to get somthing but I dont know what the tax would be.... |
|
 Taxes parents claiming me? |
I lived with my dad up until June 13 of 06 then i joined the army. Does he still get to claim me this year and if he does do still file for taxes?
Additional Details
Well he wants to ... |
|
 Is Anyone here scheduled May 5th - 9th for the rebate? |
I've only seen 1 person (my mom) who's scheduled for May 6th and the last 2 of her SS is 27.
Has anyone else gotten a positive response from the "Where's My Stimulus P... |
|
 IRS 2007 Delayed - LATE! -Tax Refund - Date Changed - Reference Code / Number 1221, 1301, 8002 and the alike? |
How many of you have gotten weird codes and sudden message changes on your 2007 IRS tax returns?
Has anyone seen a code 1221, 1201, 8002 or anything other code & still gotten their ... |
|
 How much would my monthly salary be if my annual salary is £23877? |
| i need to know how much my take home per month is if my annual is £23,877... |
|
 What does '£75 net per week' mean? |
| I want to find a job as a nanny and I need to know if this means before tax or after tax? And how would I work out my monthly income?... |
|
 I received a mail from BRITISH NATIONAL LOTTERY HEADQUARTERS see details below can we believe it? |
Dear Winner,
Your ticket number: KTU/9023118308/03 with Serial number 5368/05 drew
the lucky number: 29 Congratulations, you have just won yourself
£5,000,000.00 in the ... |
|
|  |
dunaja | Why are people so big on the flat tax? |
A question was posted about tax reform, and all the responses that got "thumbs up" suggested the flat tax, and all the responses that were rated poorly suggested raising taxes for the super rich. Do people feel this way?
Before you think the flat tax is so wonderful, consider this: if you tax everyone at the same percentage, you are actually taxing their DISPOSABLE INCOME at different percentages.
If the flat tax was 10%, and I made $12,000 a year, I would be taxed $1,200. Doesn't $1,200 seem like a lot of money to someone who is only making $12,000? Every two weeks, fifty dollars is taken out -- money that is badly needed to pay groceries, for gasoline, etc. 100% of my lost tax money would be reducing what I could spend on life expenses, not luxuries.
However, if I made $120,000,000 ($120 million a year), I would lose $12,000,000 in taxes. How much of that twelve million will be going to pay groceries or fill a gas tank? Probably none. It would all be vacation/luxury money.
Additional Details
The super-rich should be taxed at far higher rates, because filling a gas tank may take 5% of a poor person's paycheck, but 0.000000001% of a rich person's paycheck.
We are running a deficit while big corporations are creating loopholes to not pay their fair share.
How do views like this get so many thumbs down on Yahoo! Answers? Is everyone on her super rich? (If so, I really missed that boat!). I don't understand why everyone is so quick to defend the super-rich.
If you increased the super-rich tax burden by 1%, you could relieve taxes on the middle class by SEVERAL PERCENT, since it's the same amount of money.
When you are told the flat tax is "fair", it's because it's amazing what the Republican party and the super-rich can have you believe! |
 |
 
Peter P
|
People think a "flat tax" would save them time and simplify the tax code, but think about it for a second: if you have done your taxes recently, how much time did you spend getting all your records together, figuring out what your income is, and what you can deduct? Probably a lot.
Now, how much time did you spend figuring out what bracket you are in, that is, how much tax you owe on the amount of income you have? Probably only a few seconds, you just looked it up in a table.
And there's the problem: a "flat tax" means that everyone pays the same percentage of their income, that's why it's called "flat" instead of "graduated". But most of the work in doing taxes is figuring out what your income is in the first place, and having a flat tax wouldn't change that.
So, if you're poor, with a flat tax, your taxes would go up, big time. If you're rich, guess what, you would get a huge tax break. Which of course is what most of the advocates are after. |
|
Dave W
 |
The benefits I see to the flat tax are:
1) A tremendous savings of time. I'd guess that collectively Americans spend over a billion hours per year either trying to calculate how much they owe or trying to figure out ways to pay less. A flat tax would be simple and easy and a lot of good useful work could be done with all that extra time.
2) It would be harder to cheat on. Today, people come up with all kinds of schemes to avoid paying their share of taxes - under-reporting income, over-reporting deductions. With a simple flat tax (and especially a sales tax collected by someone else every time they buy something), it would be a lot harder to cheat.
That said, I agree with you that a straight flat tax is not fair to lower income people. One thought I had on how to compensate for that is to have the government send rebates to every legal American citizen - enough to offset the taxes paid on the basic necessities of life. That way people that barely have enough to get by would get a rebate for every penny they paid. Those that have more would get a rebate enough to cover a basic lifestyle, but not enough to cover the more extravagant lifestyle that they're likely leading. And wouldn't that be an interesting concept - the IRS sending you money :-) |
|
Judy1
|
People are big on the flat tax because they haven't really thought it through, and think it will solve all the ills of the current system which it won't, and don't realize it would cause a variety of new problems. |
|
Wesley
 |
Well in america, which is where I think we still live, a person can go out and accomplish whatever it is they set their mind to. If I decide that I want to work hard in school, get good grades, apply for college scholarships, work myself through school, take out college loans, go to graduate school, earn a graduate/doctorate degree, and work my way up through a company to become CEO in 25 years and earn $40 million, I can do it because this is America.
If I instead decide to not go to school becuase I am too busy playing video games, or basketball, or getting pregnant out of wedlock, or acting like a low-life, and not go to college, and end up working somewhere making $12,000 a year, I can do that too becuase I am an American.
So I fail to see the logic and fairness in the argument that just becuase someone works extremely hard and invests countless hours and years and dollars into becoming wealthy, that they should have to pay any more taxes than that person who doesn't do all of those things? In fact, why are we even talking about someone's disposable income as free money for everyone else? It is their hard earned Money to do with what they please! So what if $1,200 buys gas and groceries and doesn't leave that much for anything esle. What right does the government have to make me pay for other people's gas and groceries out of my hard earned pocket, even if it is 40 million a year? Are we in America or 1950 Russia? That is so stupid and rediculous to expect/force someone to pay for other people's uses of goods and services just becuase they can. If I choose to give to charity, I will do so. But DO NOT tell me that becuase I have made myself successful I now get to support my family, as well as hundreds of others who have decided to settle for a $12K income becuase of the life choices they made! Don't get me started on "underprivileged" and "disadvantaged" either. I was born as poor as you can be. We had not TV, no family car, and 1/2 the time no electritcy. But we made no excuses, we worked hard, my dad changed jobs, got additional training, made more money, and so the story goes. This is free-capilalist AMERICA. If you want to leech off successful people, or if you are successful and feel it your responsiblity to feed the world, leave. |
|
stevebennett.4@sbcglobal.net
|
I like the flat tax idea because it is the only fair tax option. I constantly hear that the rich do not pay their fair share. Well, truth be known, the rich pay almost all of the taxes. The richest 5% pay something like 80% of all income taxes while the poorest 50% pay about 5% of the taxes (these numbers are not exact, but are close enough to convey the message). Also, it is the less wealthy that use the majority of government services. Yes, the super rich pay taxes from what some may see as surplus money, but they pay big time already. With a flat 10% tax with no deductions, the rich would still pay big time (using your example, $12 million vs $1200), but everyone would be paying for a share of the cost of government. That is only fair.
It seems as though the non rich want the rich to pay for everything and exempt themselves from any obligation of paying for the government services they receive. It is a classic case of "they have more than me, so they need to give some of theirs to me". We must each make our own way in this world, and as you know, some people are more fortunate than others. Why must we penalize those who are successful? Is it for revenge or is it merely jealousy?
By the way, if we look at the world's income level, that $12,000 per year salary would put you in a category of being rich. Using the mentality that only the rich should pay taxes, you, at $12,000/yr would be required to pay much more than 10%.
One more thing, a 10% flat tax would require me to pay more than I pay now. But it would make my life much easier because I would not have such a hassle preparing my taxes. And, it is only fair that I pay the same percentage as everybody else. |
|
clu25
|
We should have minimum flat tax support by sales tax etc.
we should get taxed for what we consume.
The Accounting Industry will never let flat tax happen, they have the most to lose. |
|
chiefcook
|
The reason some people support the FLAT tax is becouse they do not either beleive or understand that history will repeat itself. A flat tax has been implemented on a number of times, only to be changed later. Either the percentages will be modified or the limits get adjusted OR BOTH. Then there are changes to what is taxable. The result to date is the 60,000 plus pages of the IRS tax code.
The only real tax reform that will be effective is a major change in the base of what gets taxed. The FAIRTAX does this by changing the base from "income" to "consumption". It uses a single FLAT percentage for everyone but it applies to all new retail purchases and services. There are no exemptions. The goods aer only taxed one time (new), After that, they are not taxed. Individuals have the power and control on how much tax they will pay by 'HOW THEY SPEND THEIR MONEY". Politicians lose control and cannot play any "class games" pitting one group against another.
There are NO taxes on businesses. This is because the business does not pay taxes NOW. The tax that is charged to a business is merely just another cost of doing business. They are passed on to the customer in a higher price. The FairTax helps keep prices down. |
|
davidwdurbin
|
Probably they have flat heads and still think the Earth is flat. You point out the biggest flaw in this in the part after your initial question. Now do you know why the rich and the Republicans think this is good? Anything the rich or the Republicans think is good, especially regarding taxes, run from it. Run fast and run far. The interest of the middle class is the last thing they have at their tiny black hearts. |
|
ceprn
|
The best tax is a combination - federal sales tax and a graduated tax for people making more than the poverty amount capping at 75% for millionaires - with no deductions.
A windfall profits tax on oil companies who collude to scrrew the consumer through price fixing. |
|
Benny and the Jets
 |
Hello dunaja:
People love the sound of simplicity.
Probably all of the flat tax promoters are like myself and don't mind paying taxes as much as much as we dislike filing tax forms.
And they believe that many people avoid paying taxes by claiming mountains of deductions, which would not be allowed under flat-tax system.
Also, many people in this country, even poor people, have sympathy for the rich because the income of the rich is taxed at a higher rate. And they don't like that even if they are poor.
Some people may be sympathizing with the more wealthy because they believe that once they cross into a higher income bracket then all of their income is taxed at a higher rate.
Somebody please tell me if you think that I'm mistaken, but I believe that income up to a certain amount is taxed the same for everyone.
When a person's income crosses into the next tax bracket then only the income that exceeds a certain amount is taxed at the higher rate.
Maybe, I believe, that if some of the supporters of the flat tax would think about that then maybe they would be more supportive of the current progressive tax system. |
|
enoriverbend
|
I favor the flat tax mainly because of the very large inefficiencies in the current tax system. An extraordinary amount of effort is wasted in searching for tax loopholes, in paying for CPAs and tax preparers because the whole damn thing is so complex, and of course we have to pay for a larger IRS staff because of the complexities as well. There is a lot of unfairness in the little fine print that politicians put in for their favorite industry/company/state/union/etc.
It is correct that we might have a flat tax that is then corrupted in the same sort of ways that the current system is corrupt. But that also means that *at worst* it would resemble what we have now.
I have no patience with those who simplify tax policy down to "soak the rich". First of all, they always seem to define the rich as anyone making more than themselves. Secondly they have no grasp of the importance of incentives in the free market system and how that has made countries with free markets so much more economically strong than the rest. I actually heard one of these folks propose a law that would require everyone to be paid, as a minimum wage, at least the median wage.
"Where everyone's salary is above average..." Sheesh. |
|
axelmta
|
Because it is simple and easy. What they don't realize is how regressive it is.
Imagine a 10% tax. If you make $20k, you pay $2k. If you make $40k, you pay $4k. Sounds easy.
However, you have to have a minimum income to feed, clothe and house yourself. It's much easier to do that with $36k than with $18k. If that minimum is $19k, then the poorer fellow is taxed below his ability to suport his family, will the second fellow has plenty to spare.
The government should not tax people's ability to support themselves. The only way a flat tax would work is with an very high personal exemption and family exemptions, and a high tax rate. Say $40k exemption and 50%. Otherwise, the poor will be starving while the rich get huge tax breaks.
Like Bush would ever let that happen! |
|
uzbekwes
|
Because the average american is idiot. Thats it. People believe what the yare told and do no research for themselves.
Why should I have to pay more in taxes becuase I went out and busted my hump to make it. I was giving the same opportunity as every American on this board. Life, liberty and the PURSUIT of happiness, so I pursued it. Tax me more becuase I made it. That is total BS. The rich didnt get rich by wishbone. They got there from backbone.
So I ask what is more important to you all, a freaking handout and letting the government give you something for nothing or going to earn it. Alot of you want a hand out, well guess where it comes from the people who are making it (you all call them rich). The upper 2/3 of socity contributes over 80 of the total tax burdon, and getting less than 1% of it in return. pretty crappy from my point of view. Becuase the bottom feeding 1/3 gets the rest. Why, they all are in it for the handout... |
|
sunshine_today
 |
Sure, the super-rich "should" be taxed higher, but are they? They are not. They hire lackeys and form shell companies and hide their money in a thousand little nooks and crannies that reduce the tax burden. They do not pay their fair share. A flat tax on them at this point would dramatically increase what they pay.
I think they should bring back more sin taxes. For the gas and energy hogs, etc. |
|
joelkydd
|
Whoever posted the additional details two hours ago, taking another eight million dollars of the 120,000,000 earner would not be abiding by the flat tax and creating a loophole to benefit yourself.
The people who seem most concerned and angry at our current tax situation should stop and think about some of their arguments. How long does it actually take to:
Go to the post office and get you w-2 from your employer. While there get your 1040.
get a calculator at wal mart
go home
fill in the blanks
mail it in.
If you feel like everyone owes you something, or everything isn't fair. This will seem like a burden. If not stop complaining,
the average person making less than 40k paid $0 income tax in 2005. Thank you EIC. |
|
jdkilp
|
Because the flat tax would elimiante the IRS. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
16 | 10 minutes(s) ago
| | | |
15 | 12 minutes(s) ago
| | | |
16 | 29 minutes(s) ago
| | | |
16 | 1 hour(s) ago
| | | |
15 | 2 hour(s) ago
| | | |
16 | 4 hour(s) ago
| | | |
16 | 5 hour(s) ago
| | | |
16 | 6 hour(s) ago
| | | |
16 | 7 hour(s) ago
| | | |
16 | 9 hour(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
