 If I was unemployed and really didnt make any income can I still get a stimulas check. I didnt file for 2007? |
| or 2008 by the way Im a full-time student my friend said I could but I just want to make sure I know the deadline is the 15 of October.... |
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 In the uk, why is there a system that when you start a new job you get paid in arrears.? |
I can understand that you need to do the hours first so they can tot them up and then get paid but there really is no need for it is there?
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No you absolute spanners!! I... |
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 I am turning 19 in February, I got married on January 2, 2007, and moved soon after to another state.? |
| I moved with my husband who is in the military. Right now I am working full time. And during the fall 2007 semester I will start going to college full time. My parents don't know that I am ... |
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 My W-2 form? |
| I just got my w-2 form now I don't know what to do with it, How do I get my income tax and how do I know what I got, I don't even know how to start the whole process of getting my income ... |
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 Hi im 22 no kids and I wanna know how long does it take to get section8, wht is the estimated wait time? |
| Because, I first mailed it in feb 08, and they sent it back to me just recently this month in july 08..because I forgot to fill in some information..and that's crazy it took them 4 months just ... |
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 Recently got laid off from a part time temporary position. Am I eligible for severance pay? ? |
| I get paid hourly with no benefits or any kind or pay vacations or sick leave of any sort. Do I still get severance pay? Or are severances usually only for full-time positions with benefits and all?... |
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 Do you need to own your home 2yrs or 5yrs to qualify for tax-free capital gains? |
| My dad sold his home after living there for 20+ years and bought a condo. 6 months later he sold that condo and bought a bigger condo for slightly more money (no capital gains at all with that sale).... |
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 We did not receive our stimulus refund check, last name starts with W. Should we be concerned? |
| We are also unclear as to what we should receive. We filed joint with six children. We received EIC on the children. Our income is approx. $64,000. ANy answers out there?... |
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 Money paid on behalf of me by my employer to cover relocation expenses. How is it taxable? |
I moved for my employer in Jan of 07 from IL to NC. At that time. I received a lump sum payment to cover travel and moving expenses along with expenses in relation to the sale of my home in IL.
<... |
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 I want to know, for filing the income tax do we need to prepare books of accounts and get them audited? |
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Some one told me that it is only required when your income or earning are more then 10L?... |
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 Ok to pay bailiffs for council tax? |
help plz, i need some advice please, have tried cab before, i owe council tax and my case is supposedly with the bailiffs who i've not had any contact with.
is it ok to pay council ... |
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 Tax rebate??????? |
| how much are we getting, i have been told for a while that we are getting 600 now someone is telling me its only 300 does anyone know for sure exactly what we will be getting?????... |
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 Would I get a big tax break if my wife stops working? |
| If I have 1 dependant, how much tax break do I get?... |
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crknapp79 | Why do we single out the rich with taxes, why not the poor too? |
Think about, something many of you may not be aware of. You could be a single parent, living at home with your parents (as so often the case is). Not work all year (i.e. not pay taxes). and Still get an Earned Income Credit for each child and the Govt. will give you thousands of dollars, when you didn't pay anything into the system? Is this not equally as unfair as the rich being able to find loop holes?
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Wayne, WRONG. You do not have to work to get the earned income credit. Sorry dude. |
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jaretr72
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You can only claim the earned income credit (EIC) if you have earned income, hence the name. Obviously the system is flawed. There are plenty of low income taxpayers who get thousands of extra dollars annually from the EIC that aren't deserving for various reasons; however, there are probably more people who are deserving. Also, for all the people who think the rich don't pay taxes and all that, that is simply not true. There is a something called the alternative minimum tax (AMT) that kicks in on higher income taxpayers that causes their income to be taxed at 26%/28% rather than lower rates. This is in place to prevent high income taxpayers from not paying enough tax. It's funny how no one ever mentions this fact in the media when they are slamming the rich for "not paying enough taxes." |
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Wayne Z
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You only get the EIC if are working.
Most of your premise is incorrect. |
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none
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There are plenty of poor people with jobs that pay taxes dude |
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bostonianinmo
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Oh brother! I thought the Politics forum was the reserve for made up facts and grossly distorted allegations. Guess we'll have to deal with that silliness here as well now.
Sorry, but your "facts" are distorted to the extent that they're plainly false. The Earned Income Credit is exactly that, a credit based upon your EARNED INCOME. If you don't work and have no EARNED income you get exactly $0 for the EIC.
Study tax law for about 6 months and re-post your question once you know what the hell you're talking about. |
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Judy1
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Uh, you're not correct re EIC - a person only gets that if they have earned income, i.e. a job - that's why it's called the EARNED INCOME credit. The EIC is calculated on the income tax return, and the amount varies greatly depending on how much earned income the person has. So someone who has NO earned income all year gets zero - someone with very little income would not get much. |
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widewillie
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Cheating on taxes ...like breaking any law...is wrong whether it's done by rich people or poor people.
But, comparing a low-income single mom who might receive a few dollars she's not entitled to...with large corporations and high net worth individuals who can easily pilfer millions of dollars...is like comparing speeding ticket to a double homicide. They both wrong...but they're hardly the same thing.
And honestly... I don't believe the scenario you describe is even legitimate.
I may be wrong...because there are some pretty wacky tax laws on the books....but I sincerely don't believe you can receive a refunded for more than you paid in (unless you're owed a refund from a previous year). I can double check w/ my accountant tomorrow.
In your example, the person was unemployed...and didn't pay any taxes...I don't believe they would be eligible for an EIC as you describe. It's an "Earned Income Credit"...and the person you outlined can't report any "earned income". |
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K M
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A fair tax would be everyone paying 10% of any income with no deductions. You live in this country you drive on the roads collect assistance fly out of a airport then you should pay EVERY ONE PAYS THE SAME. |
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r_kav
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It is all about "redistributing wealth". You will never hear a mainstream politician use those words, but most features of the tax code are geared towards that.
The question is-"how much", not "whether".
This is the fundamental difference between liberals and conservatives. |
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Josh
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Well.. r_kav kind of has it right. It IS about redistributing the wealth. The problem is, this country has been redistributing it via the "Sheriff of Nottingham" method for far too long. Starting under Reagan (and steadily increasing ever since), CEO's and executives started earning not just 5, 10, or even 20 times as much as their "underlings," but up to 3 or even 4 HUNDRED times as much.
It irks me so much when someone mentions that term and completely ignores the growing gap between the rich and the poor. (Granted, r_kav never actually said whether he is a liberal or a conservative, I've only heard that term from conservative pundits..)
Regardless, the original poster's premise is bunk. Sounds like a troll to me... or just a poorly educated individual, I suppose. |
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