 Do I have to tell the IRS when I receive e-mail saying I won something, even if I think it is a scam? |
I often return e-mails saying that I have won things, such as foreign lotteries. Most of these are obviously scams.
The IRS says that I must report anything I won and may be required to ... |
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 Is the 'Make Work Pay' tax credit apart of the $8000 tax credit or separate? |
| I just purchased a home May 2010 for $220K. I'm single and filed my taxes in Feb and received a small refund. I'm in the process of filling out the 1040x form but whenever I get to the ... |
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 Notice of assessment? |
| I lost my notice of assessment letter. Is it possible to get one from a CRA office?... |
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 If I filed a K-1 Form with a loss, why does my tax software tell me that I still owe taxes? |
I DJ, so I file a 1099-MISC every year.
This year, my net profit was $6914, and the calculated taxes I owe came out to $-579.
I also participated in an S-Corporation in which I ... |
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 I have an unemployment questions for the state of Kentucky. I am getting laid off from my job? |
| from my job at the end of July. That is certain. My question(s) are...if the company that is coming in and taking over offers me a job, do I have to take it? Or can i still file my unemployment ... |
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 what is the tax at best buy? |
like, im saving 50 dollars to buy a camera at best buy, which is 50 dollars. but i know thats not the exact price. the tax is included. so how much percent of the price do they add?
... |
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 How to pay taxes on Stock.? |
| How do you pay taxes on stock? And when? I'll just give you my particular example. I have recently bought 100 shares in a company on an online brokerage. I plan to reinvest the stocks dividend ... |
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 Is it possible to have the IRS delete a form that you filed this year? |
I filed Form 2555-EZ (Foreign Income Exclusion form) with my 1040 this year.
I now want the IRS to delete Form 2555-EZ. Is this possible for the IRS to remove? (I will, of course, file an ... |
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 Can you deduct all college costs? |
| Can you wite off the entire tuition that was paid out over the course of the year? I thought I remembered when doing her taxes that they capped it at 4k and then with some sort of formula it ended ... |
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 Err.. Am I eligible for unemployment? |
| Okay so I took a private in home care job in February. I've just been being paid in personal checks however, not under the table as I and my employer obviously will declare the wages. I don'... |
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 Income support/carers allowance? |
| what will happen with the new budget 2010?... |
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| Canada income tax. Tradesperson tool allowance.? |
| can my tool receipts from 2009 be used on my 2010 tax return?... |
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| What does "Your initial claim has been processed. Please file your biweekly claims as instructed" mean? |
| I filed for unemployment three weeks ago. As I checked on the status of my claim online, I didnt get any reply on status. Then that came up. Does that mean I am approved?... |
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 Tax free allowances 2010/11,are they putting it up this year cos it don't look like it? |
| It was £6,475.00 for 2009/10 and on the government site still's the same for 2010/11...........is this correct......something else the government keeps quiet about so we actually pay more taxes?... |
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 inheritance question? |
If an individual is the beneficiary of stocks totaling 460,000 will s/he have to pay taxes (either inheritance or estate) upon receipt of the money after the family member dies?
thanks!
A... |
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 Can I get Tax Return? I'm a Delivery Driver at Pizza Hut and a non - citizen? |
| I use my own car and my own fuel they I have no hourly rate they just give me $5 per delivery.... |
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Michel | Why can't we have flat tax system? |
I think income tax is bad because it steals all the money from rich people, and they take little money from poor people. Doesn't that teach us that less education means worse job, and worse job is good for you because it gives you low tax??
Well, its only my opinion. I think flat tax is cool because it gives the exact same percentage of tax on every person in the nation.
What do you guys think?? I don't mind if you think income tax is much better. Just wanna hear your opinion! |
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It's a Boy!!
 |
good question |
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wskungfuking
|
we can't have it because no liberal congress will EVER pass it. they will always want a graduated tax system that makes the rich pay more. what they don't understand is that the super rich make their money off capital gains taxes not income taxes. the effective tax rate of the richest people in the country last year was somewhere close to 16%!!!! this is because 99% of their income came from CAPITAL GAINS which is a flat 15% (soon to be increased under obama). the super rich don't make money by working 9 to 5, they use money to make money--stocks, options, etc.--i.e. capital gains.
a FLAT tax would actually be great if you included capital gains in that equation. for example, you make income tax a FLAT 22% for EVERYONE for EVERYTHING--capital gains, interest income, work income--everything. what liberals don't realize is that our government coffers would actually INCREASE and the vast majority of americans--including "rich" doctors and lawyers would pay less tax. at the same time, 22% isn't so much of a jump that it will kill capital gains investment. most people aren't buying and holding as much as they used to so they're paying closer to regular income tax on their stock profits anyways.
another option would be a very small flat tax say 10-15% for everyone coupled with a national sales tax of 7-10%. if your rich, you buy more, you pay more tax. but that money isn't FORCED out of your hands the way it is now. if you make a lot of money but you are frugal and you SAVE, you spend less, pay less tax, good for you! i can't think of any more FAIR way to tax citizens.
edit--it is very clear from other responses that most people have no understanding of our tax system and how the wealthiest of us pay LESS tax. people simply don't understand the difference between income tax and capital gains tax--the latter of which is why the super rich pay less. |
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StephenWeinstein
 |
The proposed flat tax does not give the exact same percentage, or even close to the same percentage. The proposed flat tax would take the same percentage of SPENDING from everyone, which would mean that it would take MORE from the poor who have to spend all of their money and MUCH LESS from the rich who can save their money to avoid the tax.
Also, auto mechanics make more than better-educated public school teachers. Less education does not give you low tax. Although, with the flat tax, it would. |
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c
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you know the income tax take more from the middle class then the rich right? and even so do the rich need that much cash? |
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Ryan M
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A flat tax is a fools idea. It sounds like a great idea, until common sense is used. The only way a flat tax would work without a reduction in revenues, is a REDUCTION of taxes paid by corporations and the wealthy and an INCREASE of taxes for the poor and the middle class. Right now, 5% of taxpayers pay 90% of all taxes collected. VERY simple math will show you that if ONLY one rate is used for all tax payers, then that top 5% will be paying a MUCH lower amount of the total taxes collected. It is mathematically impossible to have ANY other outcome. Have you ever calculated your EFFECTIVE (not marginal) tax rate?? Do that calculation and let me know what you think of a 20-25% flat tax, that most flat tax nuts want to propose. I am willing to bet you change your mind. |
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