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Incrementally replacing income taxes with a general consumption tax. Incrementally replacing income taxes with a general consumption tax.
To whatever extent feasible I advocate shifting from taxing net incomes to a general sales tax. [Sales taxes are ...
Started by Supposn on
, 20 posts
by 7 people.
Answer Snippets (Read the full thread at politicsandcurrentaffairs):
tax credits....
To whatever extent feasible I advocate shifting capita annually cost of living adjusted amount of reduction of the taxpayers’ income taxes, (i.e.
Replacing income taxes with a general consumption tax.
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This year is a tricky one for me-- I'm a USC living in the UK and in previous years, I've been able to file normally and claim $2000 for the child tax credit on my US taxes filing jointly with my UK husband (who also has a SSN from when we lived in America...
Started by brokensemaphore on
, 15 posts
by 6 people.
Answer Snippets (Read the full thread at uk-yankee):
How should from child tax....
Also, if you end up paying any UK tax during 2012, you can also carry back any excess you for the link-- yes, it definitely seems as though the income is not subject to tax.
On your UK income.
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I've never quite understood why, if I overpaid my state tax and get a refund one year I have to pay fed tax on that refund the next year. My assumption is to keep from using overpaying state tax a way to "shelter" money from fed tax (i.e. I assume money...
Started by JeffL on
, 13 posts
by 7 people.
Answer Snippets (Read the full thread at quartertothree):
Which only six do.
Since you got the money back in the following are not deductions from your state income tax unless you live in states that allow it.
income tax is a deduction from your federal income tax.
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I understand there are many free sites to file your Fed. Income Tax but I can't seem to find one that allows you to file both Fed. and State tax forms free. Has anyone used one of these sites to file both forms for free.
Started by sittinghere on
, 11 posts
by 6 people.
Answer Snippets (Read the full thread at worldstart):
Income Tax this I figure ....
Income Tax but I can't seem to find one that allows you to file I can use the site free but I have to mail them a copy of the first page page of my Fed.
There are many free sites to file your Fed.
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If retirement income from IRA and/or 403(b) is taken as periodic distributions, is it possible to delay tax payments as long as possible by waiting until the end of the year and then paying the appropriate amount simply as one withholding tax payment?...
Started by Lbill on
, 12 posts
by 8 people.
Answer Snippets (Read the full thread at bogleheads):
Believe....
For withheld federal income tax and excess social security or tier 1 railroad retirement tax (RRTA funds (income tax and Federal Insurance Contributions Act (FICA) taxes, which are Social SecurityYes.
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I held some money in Pacific Stock Index fund. and now filing tax:
according to the documents from Vanguard:
on 1099-div,
Box 1a: $125.03 so this is total dividends.
Box 6: $4.56 this is foreign tax paid.
when using TurboTax to fill this info, I was asked...
Started by AQ on
, 13 posts
by 6 people.
Answer Snippets (Read the full thread at bogleheads):
Kevin, then you can use the "Foreign Tax Paid Reporting Information" form Box 2 (Foreign Income) whenIf your foreign tax....
Change the foreign tax credit computation (because the foreign income amount is relatively small).
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Romney Tax Returns Show $45 Million Income - paid 14% taxes! http://thecaucus.blogs.nytimes.com/2...family-wealth/
Mr. Romney said last week that his effective rate was about 15 percent, a figure lower than that of many affluent Americans. But his returns...
Started by erok123 on
, 20 posts
by 11 people.
Answer Snippets (Read the full thread at harmony-central):
As far as federal income tax, I'm looking at 13.7% for this year - down from 14.7% last year% from the previous....
For his income based on capital gains, needs to go DOWN while the nation is running a deficit? HIS tax myself.
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Recently it has come to light that Mitt Romney despite making millions in carried income and capital gains pays "probably close to 15%" taxes by his own statement. This feat is due to the majority of his earnings coming from capital gains in the form ...
Started by McSpriest on
, 20 posts
by 9 people.
Answer Snippets (Read the full thread at mmo-champion):
Originally PostedI think it should ....
I will use a flat tax rate
If a person making 2000 a month pays 30% if his income to taxes he will end up could call it a government handout by not having to pay it as income tax.
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Dear ISHers,
So I got my first real salary paying job last year and the tax commercials have started popping up on television. I have never filed for taxes or income tax return before. What is the whole process like? Does the government really give you...
Started by BallsOut on
, 15 posts
by 12 people.
Answer Snippets (Read the full thread at insidehoops):
I have never....
What is the whole process like? Does.
I have never filed for taxes or income tax return before.
I have never filed for taxes or income tax return before.
Have started popping up on television.
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Many people have a problem with inequality in society. One of the major reasons that they cite it an uneven distribution of wealth.
It does seem unfair that some people can live in comfort and riches because their parents, grandparents or great grandparents...
Started by Purple on
, 20 posts
by 8 people.
Answer Snippets (Read the full thread at askaboutmoney):
It is being ....
I would.
That is speaking as a tax payer.
Why should% CAT in exchange for a significant reduction in income tax.
Is to lower income tax by the same amount so there's no net loss of revenue to the state.
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