 Higher rate (40% of income tax affect you? (UK)? |
For Up to £33,300k p.a, it's 22%, then it goes up to 40%.
Are you therefore worse off earning £33,400 than if you were earning £33,299?
How does it affect other things ... |
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 Can i claim my new baby on my taxes? |
| Hi. I hope you can help me with a situation i have about when i file for taxes. i am 17 years old and i plan to file my taxes in 2009. I have been working for a year and 4 months now and me nd my ... |
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 Council Tax Court Summons can they do this? |
| I pay my council tax monthly and the installments are 10 payments from 1 April to 1 January for the period 1 April to 31 March (payments due on the 1st) I was a bit short of cash with Xmas ect so ... |
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 If i won $250,000 AUD how much would the tax people take? |
i live in victoria and i earn barely anything
Additional Details
by the way 40% seems alot. thats like 100,000. can anybody explain this a bit more? 40% is criminal!... |
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 Just a curious. what if ur only income is from interest from a bank? do u still need to file? |
| let said ur only income is from the bank interest. and the interests u earn is $50,000/year. do you still need to pay/file a tax return? and how much tax would that be? roughly 33%? how about $50... |
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 Are businesses required by law to mail you your W-2 by Jan. 31st? |
| I called the place I used to work at and gave the new manager my new address so I could get my W-2. I live 4 hours from where I used to work. She agreed to mail it too me as soon as she received ... |
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 Anyone received tax rebate stimulus checks by mail yet? |
| if so, what are the last 2 didgets...i am really anticipating this money as well as most of you are to...... |
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 Are state tax withholdings based on where you live or work? |
| My husband works for an oilfield company here in New Mexico. Yet, one of the company's rig's, that he works on, is located in Colorado. I was looking over his newest paycheck stub and ... |
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 How will I get my rebate? |
I went direct deposit but the tax place deducted their money from my return. Will I have to wait on a check and also do they deposite the money every so many hours or something? Does anyone know?
<... |
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 This morning we received a US TREASURY 220 TAX REFUND, for the amount of $1,397.60. This morning? |
| We got our taxes back in the begining of feb, and this amount doesnt fit the stimulus check we have 2 adults and 2 kids and made like 40k. social ending in 16.... |
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 Do you have to show the profit you make on your house selling for taxes? |
| When you sell your primary place of residence (lived there 10 years), do you have to include the money you made on the sale after property taxes are paid and the mortgage on your income taxes? Is it ... |
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 Do I have to be claimed by my spouse? |
My dad payed for my school all of 2006, while sending me 500 spending money each month. I had been living with my fiance for the past year, and finally got married in November 06.
I feel that ... |
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 Should India abolish personal income tax? |
| Only a few % of the population actually pay taxes. The revenue contribution is very low from this source. If the tax is abolished what will be the impact on the economy?... |
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Lisa | Why did I only recieve 900 on my stimulus payment? |
We are married (so we should have got 1200,right?) and I have 1 child, (so that would be 1500..according to the irs.gov website.)Well I tried to call and they could not answer my call because of a high call volume...on the website it shows reasons why it may not be as much as I was told and there is only one reason for me to believe that may be why.("You are married and your net income tax liability is less than $1,200. ") Well if this is why, what is a income tax liability and how can I calculate if it was less than 1200 ? I dont believe that is true so what can I do about it since they wont answer my call? can I send an e-mail or something? --------- any info on the net income tax liability would be awesome,thank you.
Additional Details
we also filed jointly if that helps. |
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oracleguru
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If you get out your tax return you can check it yourself. It would be on lines 52 and 57 if you used form 1040, or lines 32 and 35 if you used 1040EZ.
The tax liability is the amount you owe based on your income. |
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Just checking
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I think that is the Most you can get... they base the stimulus on your 2007 taxes. Here is a stimulus cacluator from the IRS website:
http://www.irs.gov/app/espc/
Here is another note straight from IRS.GOV
Many, but not all, taxpayers qualify for the maximum basic payment of $600 for singles or $1,200 for married couples. Many parents are also receiving an additional $300 for each qualifying child, born after Dec. 31, 1990.
Your payment may be less than the maximum for one or more of the following reasons:
You are single and your net income tax liability is less than $600. If you file Form 1040 net income tax liability is the amount shown on Line 57, plus the amount on Line 52.
You are married and your net income tax liability is less than $1,200.
You are single and your adjusted gross income (AGI) is more than $75,000. On Form 1040, AGI is the amount on Line 37.
You are married filing a joint return and your AGI is more than $150,000.
You owe back taxes.
You have non-tax federal debts such as unpaid student loans or child-support obligations.
Around the same time you receive your payment, you will receive a notice from the IRS explaining how your payment was figured. It is important to keep this notice as a record of your economic stimulus payment. In addition, you’ll get a separate notice if you owe back taxes or non-tax debts. |
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Gerald
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you got 300 for each it is only up to 1200 for married filing jointly |
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Pengy
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You essentially paid no taxes so you received the minimum rebate. (the essential word here is rebate) The system was set for a rebate of $300 to $600, those of us that paid in over 1200 in taxes received the 600. Those of you who did not pay any taxes received the minimum of 300 per. Be thankful for what you have received even though you did not pay any taxes. |
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Judy1
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Right? No, wrong. On a joint return, $1200 is the MOST anyone gets, and to get that you have to have had tax liability of at least $1200 for 2007. If you didn't have any tax liability, or had tax under $600, you get $600 total for you and your spouse, plus $300 for your child. Oracleguru gives you the line numbers above but says 1040EZ when he meant 1040A.
Income tax liability is the tax you actually paid last year (what was withheld minus any that was refunded) plus the child tax credit amount if you got that. |
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ksxstitch
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Net Income Tax Liability is the total amount of income taxes you owed for the year.
Not the amount withheld from your income.
Not the amount of any refund
Not the any additional amount you might have had to pay in.
It is the Total Income Tax |
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wartz
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http://www.usatoday.com/money/perfi/columnist/block/2008-05-12-tax-rebates_N.htm?se=yahoorefer |
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the girl next door
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i dont know but i would try to look into it good luck. we need to get another one.gas is still going up |
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ILuvbears
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You only received $900 because that's all you paid the government in taxes before your deductions. It stinks I know. I only got $408. My parents should have received $2200, they only got $1500. Stupid government! |
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Suzan C
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We're in the same boat. We only got $600 for us as a couple and $300 per child. They also said it because of the tax liability. It totally stinks. |
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holey moley
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It's just one more joke perpetrated on the American public by the shysters in power. The other is the Medicare Part D drug benefit. |
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