 In general in the US does an income between $50,000 and $60,000 deem you middle class? |
I know it varies from state to state, county to county, etc but in general is this comfortable living in the US?
Additional Details
Okay let's say it's a family of 3-5 people.... |
|
 Where do I find information about a tax ID number for a business? |
| I am planning to start a small business, but I need to apply for a tax ID number, where can I find this information on the internet? I need a EIN number for a ... |
|
 Tax Rebate Check? Confused? |
| Ok, I was reading on the irs.gov website that the direct deposit people should be getting there's today? My ss ends in 19 , but I haven't yet received anything? I double checked my 2007 ... |
|
 Do you think a national sales tax would work better than the current income tax schema? |
Additional Details
BTW...this means that income tax would be REPLACED by a national sales tax.... |
|
 What are the pros & cons of taxes getting taken from 2 jobs paychecks? |
I work 2 jobs and I was wondering do I have to have taxes taken from both checks? & if I dont will I get a bigger refund check at the end of the year!
1 INCOME TAXED
Pros:
-M... |
|
 I was wondering how much money my parents get for claiming me as a dependent? |
| I am currently 19 years old, about to turn 20 in November. I am attending college full time so my parents are still allowed to claim me as dependent. Latley we have been having some money issues and I... |
|
 Has anyone who used turbo tax and had your prep fees taken out of your refund received a rebate by dd? |
| I have read that we are suppose to receive a check if we did this, but after calling the irs twice I have received two different answers. I guess i will wait on hold for another hour and go for two ... |
|
 I f i own a house in one state & it is my primary residence, can i work in another state without xtra taxes? |
| i own a house in las vegas. i want to move back to california. i dont want to sell the house & i ant to leave it as my primary residence. can i leave it as my primary residence & work in ... |
|
 Can we claim my son on our taxes? |
| for the last 2 years we havent been able to claim my son on your taxes due to the fact that i was a saty at home mom and had no income and my husban(then fiance) wasnt his biological father . we was ... |
|
 Is Uk national Lottery a real thing? |
| They say that I have won a large sum of money. How can I verify anything when I live a quarter of a world from there? Are they allowed to request money in order to get answers? Why do have to pay ... |
|
 What is the best company to do my taxes this year? |
| It's almost w2 time and I need to make sure that I can get every penny back that is humanly possible. Normally my mom uses tax cut and does mine for me, but being a student of software ... |
|
 Settling with the IRS? |
| We have a huge tax bill from a couple of years ago. We do not make nearly the amount of money we did back then. My hubby is a trader and we lost all the money we put a side for taxes because we had ... |
|
 I need help writing a letter to the IRS? |
| i need to write a letter to the IRS apolofizing for not filing my taxes last year that will hopefully pull someones heart enough the they will reduce the penalties but i am not good at this sort of ... |
|
 Do I have to pay back a gift? |
| 7 years ago I accepted a 'gift' of £1500 from my mum, at the time I was out of work and needed to pay bills. She made it clear that it was a gift by way of recognising the number of times I... |
|
 Its said smokers cost the NHS 1.5 billion a year. How much do they pay in duty on cigarettes each year? |
| Do smokers pay more into the government coffers than they take out? Most of the price of a packet of cigarettes is duty so I would like to know the figures if anyone out there knows. Also waht would ... |
|
 Social Security? |
| If a person is 62 years old and would like to start collecting social security, but they will be find 25% of their earning, so say they get started at 62 years and receive $800.00 a month when they ... |
|
|  |
Uchimataman | Will I have to pay Tax on my state pension? UK.? |
|
 |
 
old know all
 |
The UK State Pension is paid with no tax deducted, but it is taxable. If you are over 65 and your total income including pension is less that £9,030, you pay no tax. (Under 65 the figure is £6,035). Any income above that figure is taxed. If you have a company pension as well as a State Pension, any tax due is deducted from your company pension. |
|
focus
|
The state pension is taxable and don't let anyone tell you differently. But your personal tax allowance is usually higher then your state pension. So if you only have your pension then it does not reach your allowance so no tax is payable. If you have other sources of income, like still doing a part time job or another pension, then this (combined with your state pension) will take you over the allowance and therefore anything over this allowance is taxable. |
|
dick19532003
 |
as far as i know they take all your income and if its above your personal allowance then yes you will pay tax, but its best to phone the tax people if your not sure as they can tell you how much income you can have before paying tax. |
|
Al Zymer
 |
It is not taxed directly, but if you have other taxable income, it will be added to the total, to calculate any tax you have to pay, after deducting your tax-free allowance. |
|
purplemoon0101
|
No, the only time you would get taxed is if you have investments, or if you were to take a little part time job. |
|
DJJD
|
No. Make sure you are getting your pension credits, if you are living on a low income and anything else you are entitled to. Housing benefit, if you rent and council tax benefit too. x |
|
Champagne 7 SUSPENDED AGAIN
|
No. |
|
qpr26
|
no, you don't. |
|
Ivan R
 |
Hello,
(ANS) No!, The state pension is NOT taxed, its tax free as far as I am aware.
**Bear in mind that its ordinary peoples taxes in the first place that fund the state pension. This is why we all pay National Insurance, its NI contributions that fund your state pension.
**For the state pension you must have a minimum of x40 units of NI contributions over a working life time that entitles a person to 100% state pension. i.e. based on the old assumption that a working life time was 40 years retiring at 65 years old before you can claim it.
**Pensions are an extremely complex & confusing subject even for the best & most intelligent people in our society. But on a simplistic level you should think of the state pension as:-
a) the barest minimum that you will need when you retire & in your old age (when ever that is?) this is ONLY going to give you survival level income. :-
b) in addition or on top of the state pension, you MUST make or create some other form of savings or second private or company pension scheme. Why? because to have even the most modest pension to retire on and to live even just a simple lifestyle in retirement the state pension WON'T be enough (I'm NOT talking about a jet set or millionaires life style).
**Without a second pension provision the state pension just gives you poor church mouse life style level.
Kind Regards Ivan. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 40 minutes(s) ago
| | | |
9 | 45 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
9 | 2 month(s) ago
| | | |
9 | 5 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
