 Social security card? |
| I lost my daughter social security card but I know her social secuity number, can i still file my taxes without the card and just the number? ... |
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 Who has the cheque? |
| my husband is getting a large sum from a will now he is classed a higher tax and i as paying no tax. would we have to change the name on the cheque to mine or could he put in straight into my account.... |
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 Son started work and is paying a lot of tax. Only 16.? |
| My son has paid quite a lot emergency tax. He was not 16 till Xmas. Can he claim this ... |
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 Did you get your stimulus payment early? |
| I know the payments for direct deposit started early. I'm in the second group - the SS#s set for payment by this Friday the 9th. I was wondering if anyone from this group has gotten their ... |
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 My organization has lost the Non Profit (501c3) number - now what? |
| I am the President of a Religious and Social organization this year. Every year new executive committee is selected to run this organization. The new team organizes a few programs during the year. ... |
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 I was charged sales tax on a free item. . . what does the law say about this? |
| I live in Indiana (6% sales tax), and was in an ice cream store. I've frequented the store in the past year, enough to have six stamps on a coupon that said "Buy 6 Regular Cups, Receive ... |
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 Stimulus Check for the Wrong Amount? |
| I received a letter in the mail stating my stimulus check amount. It was only $1200 (married filing jointly). I tried to call up but I can't get a real person to talk to about this. We have a ... |
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 Claiming my wife as dependent by me and her mother? |
I got married to my wife on 10/12/2008. She was living with her Mom up to 10/11/2008. Her mom is supporting her. My wife was working and she made 10k in 2008. My question is:
1- I am going ... |
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 Single Tax Status? |
| can my spouse and I file separate tax returns under the single tax status?... |
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 4 X 4 OWNERS ONLY. (NO DO-GOODERS/GREENIES) What do you think of the hike in tax..AGAIN? |
I own a Landrover Discovery, they are NOT bullying ME out of it.
Additional Details
I have four children and they are safe in in, not some crappy ford ka that would crumple like paper in ... |
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 Can I do anything to speed up my tax refund? |
| I did my original return, then my dad said I had to claim myself this year, so I did an ammended return. Also since I am claiming myself, he wouldnt be able to claim my school payments, and that I ... |
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 People who receive big compensation payouts (75,000)...can they still claim incapacity benefit? |
| It's not me who's been paid out but a friend and they say they are still entitled to their incapacity benefit,but i said i don't think you can still claim .do any of you know if if you ... |
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 My mother in law's husband past away and she had an auction and her return was 50,000.00 dollars are taxs due |
| most of the items were farm related it would help her to know if she had to report this as income on her tax return for 2007 we are in the state of texas.... |
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 Is 846/E6100 an emergency tax code? |
I have this on the 2nd payslip since I started my new job... I'm querying this, as my monthly income is short of about £100.
(I have reconfirmed this with an on line salary ... |
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RICK M | Would it work if we got rid of income tax and just raise the sales tax about 20-33%? |
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lizzit
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We'd get Europe.
Seriously, sales taxes are regressive taxes on the poor. That is because the poor must spend all their money, whereas the middle classes and the rich can set money aside. Under your example, Madonna would pay less than 1% of her annual income in taxes each year while you would be shelling out some 20%+ of your annual income in taxes. If you think it's fair for the rich not to pay taxes, then by all means support a sales tax instead. |
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ictharian2000
 |
About a year and a half ago, President Bush ordered a commision be set up to reevaluate the entire income tax code. Everything was to be on the table, however they were to specifically consider complete replacement with a national sales tax.
The commision was established in January of 2005, and issued its report in October of 2005.
The result was that it is possible to replace the entire income tax code, although not the estate and gift portion, with the national sales tax. However the amount is also politically infeasible.
The percent they calculated was necessary about 55%. This is the amount before the State and local portion.
The panel did go on to suggest a number of reform options, and a couple of them have been enacted, including the uniform definition of a child. |
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DAVE B.,The Old Man
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not for me. with my Social security& small pension I don't have to pay in anymore. |
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skip
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lizzit has given the most succinct argument against a sales tax that I have ever seen. Well said. in addition, no doubt some will think that we should have relief for low-earners. How do you show that you are a low-earner? Produce evidence of your income and expenses. If that isn't an income tax return, I don't know what is. Merely administering that would cost a fortune.
As for the transaction tax, this would lead to cash under the bed. Investment would plummet and consumer spending would fall. We'd be a third-world country before you can say "budget deficit".
The President's Commission came up with some good ideas worth a try at least, but I doubt anything will happen until the presidential election. |
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Darby
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I'd like to give it a try. |
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luna
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No. I live in NH where there is no sales tax and it's wonderful! |
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bkstormy
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The income tax is needed. We need to tax everyone at the same rate, such as 10% of all income irregardless of deductions and exemptions. Therefore if you make $10,000/yr your tax would be $1,000; if $100,000 it would be $10,000. This is really the only fair and equitable way. |
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lee_adamant
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No it would not work.
You would miss those glorious dollars from taxing capital transactions - where people make heaps trading shares, commodities, real estate etc.
Also there is a tremendous cost of administering sales tax.
A better way would be to scrap all income and sales taxes and replace them with a transactions tax that could operate through the banking system. Just charging 5% on every transaction (would be 5% for each party = 10% all up) would increase government revenue as there would be a net to catch capital transfers - such as initiating investments, not just when things get sold.
If you want to increase the base then you can set a limit as to what size of transaction must go through the bank system and what can be in cash. |
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m_skokin
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(former IRS employee)
What we need to get rid of is the ** wage tax **
What we need to get rid of is the employee contribution to the Social Security Fund.
What we need to get rid of is the Medicare tax.
How can this be achieved, you say ?
- lower interest expenses
- lower defense spending
- increase corporate taxes
- vigorous pursuit of corporate deadbeats |
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