I am writing a paper about the benefits and disadvantages of the Patient Protection Plan and Affordable Care Act, also known as “Obama-care”. I want to know where the money from the tax mandate is going…. will it go towards subsidizing health care for the poor? what exactly will happen with the money?
Answer by Rob sorry everyone going to get the shaft on this.
No one actually knows how this manure is
going to plop.
Answer by Bobbie Patient Protection and Affordable Care Act – Wikipedia, the free encyclopedia
Why do flat tax proposals recognize these things? Don’t they counter the flat tax arguement?
Answer by O’Ryan III If I had it my way, we wouldn’t have any income taxes and we would all get to keep our own money.
Answer by Foghorn There is no way that the pigs in DC will ever adopt a tax scheme that reduces revenues. While the existing tax system is absurdly complex and unfair, any new system will produce the identical results.
Answer by jaker Of course, but the ability to reward/punish through tax laws is one of the biggest powers lawmakers have. They won’t give it up easily.
George plus Margaret Wealthy are inside the 48 % taxes bracket, considering both federal plus state individual taxes. Norman Briggs, the CEO of Community General Hospital, has been aggressively choosing the couple to lead $ 500,000 to the hospital’s soon-to-be-built Cancer Care Center. Without the contribution, the Wealthy’s taxable money for 2013 will be $ 2 million. What impact might the contribution wear the Wealthy’s 2013 taxes bill?
The additional 4% sales taxes (for Indiana anyways) will be utilized to fund comprehensive sex-education. This really is not abstinence-only knowledge, that has shown to create no impact. This might assist to lower teen-pregnancy rates plus high-school drop out rates. Indiana has the 5th highest high-school drop out rate.
I would want to add which I like the idea regarding guidance. Also, persons shouldnt be sarcastic about here. Its difficult to tell..
Answer by tommyfourth I personally don’t like it for a limited factors.
my boyfriend is trying out the stock market…and one of his co workers told him that the average tax rate is 30% of the profit made… I tried to google to the answer but kept drawing blanks… thank you to those who will reply with educated answers.
Answer by Max Hoopla You keep drawing blanks because the question can’t be answered.
My uncle was living temporarily with a woman for a while. They had a child together. They have since then separated. My uncle pays child support and has the child on the weekends. She has decided to take a trip for six months and has assumed that my uncle will be able to take care of the child. She never provided any warning for the trip or anything. Is there a way that my uncle can now try to seek sole custody and use this to his advantage? We live in NYC.
In 2002, all workers in the United States must pay basic social security taxes (officially called Old Age, Survivors, and Disability Insurance, or OASDI) equal to 7.65% of their first $ 84,900 in wages and nothing on wages above this level.
Answer by bostonianinmo This is 4th grade math, not a tax question. Multiply the income by the tax rate to get your answer.
We don’t do homework here.
Answer by ssadviceonline Year 2002
Rate: 6.20% OASDI (Old age, survivors and disability)
1.45% HI (Health Ins)
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I owe the IRS 7K for taxes this year. The money I owe is for taking an early withdrawal from our 401K to fix the bathroom. I’m not sure it counts as a hardship, but the bathroom was mold infested and needed to be gutted everything replaced. Can i take more money out of my 401K to pay the taxes due and not have to incurr another penalty?
Answer by The_Crow Sorry, no, you will incur another penalty. Better to borrow against your 401K (and not withdraw). Borrowing money is not a taxable event because, in theory, you have to pay it back (typically with some interest). Check your plan out, I bet you could do it that way.
I read this from an post. Does this mean I may nevertheless open a new Roth plus lead to 2014 though I missed the 2014 taxes deadline?
“Deadline for Establishing an IRA
If you haven’t yet establish an IRA inside 2014, it’s not too late. The federal government enables you to establish an IRA inside 2014 for the past taxes year. The establishment deadline is the same because the taxes deadline, April 15th 2014 (equally April 15th inside 2014 for the past year.) The establishment deadline functions merely like the taxes. The IRA application need to be postmarked by midnight of the deadline to be valid. This applies to both Traditional IRA plus Roth accounts.”
IRS return is provided out whenever the amount of taxes paid is a bit more than the taxes liability. The many great thing is the fact that you really need to file a taxes bearing in your mind correct taxes credits plus deductions thus which the topic of paying additional than liability refuses to happen. However, you may be qualified for, you are able to think of getting money taxes return online that is the safest plus biggest method to receive back a funds into the pocket.
I would really appreciate some extra income. However, I am at the near top end of my income tax bracket and a second job would probably only be for a few dollars an hour.
Is there any way I could get around this, or another type of job I could do were the tax penalties wouldn’t be as severe?
Answer by Steffi . as far as i know, income is income and the only way that you can get around it is if you don’t report it, but of course being hired anywhere means a w-2 would be filled out… you are supposed to report all income… even interest is considered income!!!
My suggestion- find somewhere you can be paid under the counter, or sell drugs.
I owed a bit of money after this past years taxes, didn’t have it, and filed a 120 day extension with the IRS. I finally got everything all set so that I would be able to afford save and pay my taxes the first two weeks of the month of November. Then I was fired from my job at the end of October, and well that obviously puts a little kink in my plans. My questions is, can I file a second extension or do they only allow one extension?
I’m sorry, I already filed. I just haven’t payed yet.
Whether students are heading to preschool or pursuing post-graduate coursework, back-to-school season can bring on debt but it doesnt have to be that way with savings tips from Freedom Financial Network (FFN), said Kevin Gallegos, vice president of Phoenix operations for FFN.
Back-to-school can be a costly time of year, but with careful budgeting and some pre-planning, students can get back into the classroom with a minimum of financial outlay, Gallegos said. Most important, as with other costly events like the holidays, people should avoid going into debt to pay for purchases. Whether for new clothes or student loans, debt can pile up all too easily, and create problems that linger far beyond the current school year.
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What certain info do I take from past year taxes shape 4562 plus place onto present year taxes shape 4562? Where inside the past year’s taxes shape 4562 do I gather which info? Additionally what exactly is MACRS plus what does it stand for?
Answer by Bobbie Instructions for Form 4562 (HTML)
The expression “Modified Accelerated Cost Recovery System” (MACRS) involves the General Depreciation System as well as the Alternative Depreciation System. Usually, MACRS is employed to depreciate any real property placed inside service following 1986. But, MACRS refuses to apply to movies, videotapes, plus sound recordings. For more details plus exceptions, see Pub. 946.
I’m going to have to pay my own taxes since I’m a 1099 contract employee. Is gas mileage reimbursement taxable since I’m already being paid for it, or would I just tax my regular hourly rate?
Answer by It’sjustme I’m not entirely sure what you’re asking…it seems like you just want to know if mileage reimbursement paid by your employer to you is taxable. The answer is yes. Any money that your employer pays you is taxable whether it is moving expenses, gas mileage, daily meals, etc. On the good side, if you are using your car for your job, make sure you write off a portion of your car payment, insurance, repairs, oil changes, tires, etc….based on how much you use your car!
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Other income is usually received social security benefits during the year can not be passive, unless you receive. The same applies for the benefits of the road to retirement. Basically, what is needed to determine if the income from all sources exceeds the deadline for the submission of a statement. There is no separate tax relief on income from social security for themselves.
I would appreciate any details for obtaining a work visa for working in Canada as a US citizen. Website references would be awesome, as would instructions or testimonials from people who have done it or know how to do it. Also, any job, apartment, cell phone, insurance websites particular to the Vancouver/Langley British Colombia area would be very useful. Basically, any information for what it will take to live in Langley as far as cost of living and resources for finding those things. Thanks in advance.