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 Is this tax deducatble???
Hello, for the past year I've been supporting my friend who has been out of work and has never filed taxes because he didn't work a day in his stinking life! Anyhow, I was wondering if I ...


 My daughter's ex claimed their daughter on his tax return. She has had full physical custody of her since Feb.
He has paid no child support. Even though there is an order for it. When she tried to file her tax return; it was rejected. The notice said it was a duplicate. She has insurrmountable proof that she ...


 If im off work on the sick am i still entitled to my holiday pay?
i injured my back at work and have been off for nearly 10 months am i still entitled to my holiday pay?...


 IRS stimulus check...?
I have posted on here before regarding the same question however I still have not received my check. Please do not post the schedule or website again, both say it was to be sent by the 11th. I didn&...


 What is the best way to send money abroad to a Pakistani bank account from within the UK?
I could take the money with me when I fly to Pakistan, but a) it's a bit risky travelling with such a large amount of money. Secondly, if I were to take 30,000 GBP with me through the Airport ...


 Is the Tax system fair?
Income Tax, Sales Tax, Property Tax. We all pay taxes and wish they were lower but do you think that the current system is fair to all tax payers? Could taxes be lowered if the USA did not waste ...


 What should I claim on taxes?
My husband and I have no children. It is just us two in the household. We both work full-time jobs. Should we both claim 1 on our dependants at work (claiming ourselves) or should we claim 0 since ...


 How much is tax on a small car (UK)?
How much is a normal amount of tax payed on a small car worth about £1200-£1500 roughly.
does it depend on the car itself, the value, the price payed or what?
Additional Details
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 What is the Statute of Limitations for the IRS to collect taxes from you?
Isn't it 7 years? If not please inform me. That's standard 1040 taxes that is. How long do they have before they run out of time legally?...


 Is this a scam?
allright so i got this letter today with a check for 4750.00. Check is definetly real it states in letter that i won a sweepstakes draw and im entitled to 475,000. paid to me by certified check, and ...


 Can you reuse the Turbo Tax programs more than once to do taxes?
...


 Should I file w2 form upon employment?
I got my first paycheck this week and was shocked to see how much taxes I had to pay. Anyway, my employer didn't give me any form to fill, and I have a child to claim as a dependent. Can I get ...


 Yeah where is my payment i think the irs is screwing people again as well as us gov i still didnt recieve mine
i filed back in march on the 24 sent it out 27 of march still havent gotten it i want my payment and i want it now stop messing with me ...


 Is it voluntary to pay taxes?
I have had a couple of people claim that paying taxes are voluntary? Sounds strange...can you elaborate?...


 How can i stop the bailiffs comming back on friday...?
to remove my goods? (please!)
Additional Details
...and i have not got the 700 council tax they want :(...


 Can Bailiffs Get In???...?
I Owe £600 To West Mercia....
I Am A Single Mum With 3 Kids And There Is NO WAY I Can Pay This Much
What I Want To Know Is Can They Actully Get In?
I Have Been Told Lots Of Thing But I...


 The amount of Social Security benefits received by an individual that he or she must include in gross income:?
Is dependent upon the individual’s contributions to the Social Security program.
May not exceed 50% of the Social Security benefits received because the employee paid one-half of the cost
...


 What is the earliest day to file income taxes?
...


 How much is council tax band B in the uk?

Additional Details
how much do you have to pay over the year if you are within that band?...


 Has anyone actually talked to a real person today at the IRS?
I'm not scheduled for mine yet but I'm upset for those of you who have been waiting all week who expected yours no later than today.
Some of the people on here have been less than ...



lightningrod
Why doesn't the US government tax the rich more than the currently do?
They are rich, they can pay the taxes, they lived the American, its time for them to pay the taxes.
Additional Details
No I don't mean taking it away completely so that everyone ends up having the same net income! I did not say that!

I mean, if they make over 50mil a year, they should have at least 50% income taxes. Earning 25 million a year is still a hell of a lot of money. The country needs money, and the rich are the ones who have a ridiculous amount and cant even spend it all. The poor should still be taxed, but they shouldn't be taxed to the point that they cant afford dinner.

I agree, the rich's money is well earned... but they do have an overabundance.
                     
 




DW
Rating
Because they can afford very clever accountants to bypass all those taxes. And the rich would just leave the US and go live somewhere more tax friendly.

Grant, it's not about that. It's the fact that your average billionaire pays less tax than your average middle class family. The percentage should be equal for all.


Anti Everything
conservatives dont believe in that, they think they have worked hard for their money so they should keep it. They dont believe in helping out their fellow man. I am quite wealthy... i give most of my money away happily


TaxGurl
They already pay a helluva a lot more than the average person. It is not fair to take away all of their money because they worked hard and are more successful than you are. The top tax rate is over 35%. The average middle class family pays about 10%. The rich are already paying MUCH more than the average person.

EVERYONE should pay the same percentage of their income in taxes. NO ONE should be exempt from contributing something. But it is just not fair to try to take away half of my paycheck after I worked hard to earn 3 degrees and have a better job than someone who dropped out of high school and works for minimum wage. I have huge student loans to pay. It's not like I have tons of excess money lying around just because I have a good job.

It's the wealthy investors who really drive the investment market. If they know that they will have to give up a huge chunk of their income in taxes, they will stop investing because there will no longer be any incentive to be successful. The capital markets will dry up even more than they currently are which will hurt everyone.

Socialism and communism have been attempted and failed. Read your history books. Taking from the rich to give to the poor is just a bad strategy that always backfires.


Judy1
Rating
You do realize that the top half of wage earners pay over 95% of the income taxes collected, the top 10% pay almost 2/3, and the top 5% pay over half of the income taxes collected?


happyhousewife
Because their part of the "Rich" why would they want to tax theirselves more? I think they should start taxing all the immigrants that get all their money for work. They pay nothing for taxes. Why should we pay more taxes so they don't have too?


Joe Z
The short answer is... because the rich already pay much more than everyone else.
In the U.S, the rich are taxed at higher percentage rates than those with less wealth and income. In a perfectly fair system, the tax rate would be the exact same for everyone. For example, no matter how much you make or own, a tax rate of 15% would be an equal percentage for everyone. But currently, the tax rates are scaled. The "rich" pay as much as 35% or more, and the "poor" pay 0%.
I would be curious to hear your thoughts on what you think is a fair percentage for the rich to pay.


induius
Rating
Define: Rich. For taxes im pretty sure Bill Gates annual tax is your entire salary. (Or much much more but definitely not much much less.) Is it really fair to tax financially successful corporations more because they make more? There are other taxes imposed on their operations. So a statement like "They are rich, they can pay the taxes" doesn't make any sense.


kemperk
YOU have misunderstood a critical component of taxation;

the gross tax obligation of the "rich" is
much higher than any other level. Their
NET tax bill, however, is much lower BECAUSE they either STUDY
tax deductions or they hire investment
managers with instructions to
invest in things that provide HUGE
write-offs or tax deferments or
similar "approaches."

If, like in other nations without such
deductions, the rich live like middle
class cause their culture does not
permit such "benefits."


Ronnie M
Rating
What is the definiton of Rich. I have not been able to figure that out. One Stat. I read once fron the Fed. said over 70K. That was a few years ago. I know people who live in 750K homes, drive Hummers and BMWs and travel abroad yearly and they always complain about the RICH. I think ones definiton of rich means any one making more than me. So the only real rich guy is Warren Buffett. I was in my 30's making 15.00 hourly and this never was a concern. I figured that the so called rich paid the majority of the taxes. Maybe someone can help me figure all this out.


Cure the aces
because that is not fair i hardly agree with graduated rates just because you work hard doesnt mean you should pay more, that is a stupid concept, i am personally for an even rate for all but if you were to heighten taxes i am moving to england or japan or france, sorry dude


Ankhesan amun
Rating
Because those rich people tend to be large political supporters, and if they feel slighted, they won't cough up the big bucks at election time.

Money, money, money. Greed, greed, greed.


Grant K
Rating
This makes sense if you are a communist. Capitalism doesn't work if you take all the rich people's money and give it to poor people.


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