Taxes - August 2006

2006-08-23 00:47:11 · 2 answers · asked by Mihaela R 1 in Other - Taxes

2006-08-22 23:33:43 · 8 answers · asked by rakesh singh 2 in India

In the UK we pay -

*income tax & ntional insurance (directly from our wages/salaries) graduated from 22% up depending on how much you earn.
*stamp duty on property
*council tax (graduated depending on where you live)
*excise tax/duty on foriegn products
*road tax (on vehicles - graduated on engine size)
*inheritence tax (on anything we inherit over about £250k)
*Road/bridge/tunnel tolls
*goods & service tax or VAT 17.5% (supposedly Value Added Tax) on anything brought in shops and any services (bills, etc) - businesses can claim this back
*TV Licence (anyone who owns a TV or radio)
*IRS (inland revenue service) - taxing our leftovers
*watercraft registration/boat tax
*vehicle license registration tax
*fuel permit tax
*fishing licence tax
*Gift tax
*building permit tax
*cigarette/alcohol tax - stamp duty (as well as VAT)
*corporate income tax (employer tax) approx. 40%

not to mention all the hidden taxes, such as court fines, traffic fines, and many more.....

2006-08-22 20:55:47 · 9 answers · asked by truelylo 3 in United States

When to deduct TDS at what rate and to whom

2006-08-22 16:33:48 · 9 answers · asked by Reva 1 in India

IRS
$12000.00

2006-08-22 16:24:03 · 5 answers · asked by rcrowleyjr 1 in United States

I am a salaried employee and getting Rs.3-4 Lacs per annum. I like to invest some money in agriculture. Shall I get tax benefits? if so how much can I get? If not why?

2006-08-22 16:21:14 · 4 answers · asked by dpbabu 1 in India

What is the percentage taken off my pay check in the state of Georgia

I got a new job and I will e making somewhere around $655 wk. and I wanna know how much tax will be taken off my paycheck every 2 wks.

2006-08-22 14:53:18 · 5 answers · asked by Anonymous in United States

2006-08-22 10:17:21 · 14 answers · asked by Anonymous in United States

it came from atlantis clearing house 1202 millstream rd,victoria bc.it said i won 250.000.00 is this even real.it said the check was for taxes.

2006-08-22 09:35:05 · 4 answers · asked by james_taylor8 1 in Canada

2006-08-22 09:09:48 · 11 answers · asked by pg143pb 1 in United States

I received $200k compensation on losing my job last week…the pay was outright and taxes took about 50%. Some details…I just brought a home last year…I am currently a full time student…unemployed otherwise…single…no dependants…how can I get most of that $100k back? Investing in real estate, a business, IRA, etc? I can be very flexible…anyway, thank you for any advice you can give me.

2006-08-22 07:58:07 · 5 answers · asked by James T 3 in United States

My fiancee owns 2 pieces of property that have tripled in value since she bought them. However, we will probably sell them within six months to a year after we're married so that we can purchase property in the U.S.

Will the taxes be calculated on the appreciation since she bought them, or since we married?

Background - I live and work overseas and have been for the last eight years. I have no plans to return to the U.S. in the near future and neither will my fiancee.

For those who don't know this: American living overseas have to pay income tax. The U.S. is the only country in the world to collect taxes on citizens living/working overseas. Further, foreigners marrying them have to pay taxes effective from the day they get married. And that's without even a guarantee that the spouse will be issued a visa to come to the U.S.! Expat Americans (and their spouses) totally get a raw deal!

2006-08-22 04:39:53 · 1 answers · asked by henrytut2 2 in Other - Taxes

This would happen, for example, in case of a bank fixed deposit that pays cumulative interest. While interest on such deposit will accrue on a periodic basis, the depositor will not receive it till the deposit matures and he withdraws it. Therefore, if the depositor has to pay income tax on accrued interest, he must pay the tax from income other than the accured interest. If the depositor does not have another source of income, or if that source is not sufficient, how will he pay the tax?

2006-08-22 02:41:18 · 7 answers · asked by DAT 1 in India

2006-08-22 01:55:33 · 2 answers · asked by henrytut2 2 in United States

what are the various taxes that are charged in india to carry out contract business and also when it is charges

2006-08-22 00:56:41 · 2 answers · asked by Reva 1 in India

2006-08-22 00:13:33 · 9 answers · asked by selva 1 in India

That is when value added tax will be applicable

2006-08-21 23:49:52 · 10 answers · asked by Reva 1 in India

2006-08-21 21:31:43 · 4 answers · asked by edward m 1 in United States

Why are we getting ripped off by manufactures, who set prices so high? Vat is less than most other euorpean countries, and they mostly earn more than us yet we still pay more than them for loads of things. Visitors to uk are shocked these days. It's time for a revolution. Why do we just sit and take it? We're paying too much for all the overpaid politicians, and the country is turning into a dump.

2006-08-21 20:28:25 · 31 answers · asked by jayktee96 7 in United Kingdom

2006-08-21 17:59:56 · 10 answers · asked by Anonymous in United Kingdom

Residential House Property

2006-08-21 17:08:45 · 3 answers · asked by KIDAMBI RAJAGOPAL S 1 in India

I would prefer it not to be the goodwill or salvation army

2006-08-21 16:45:55 · 9 answers · asked by Linz 2 in United States

2006-08-21 13:40:59 · 11 answers · asked by Ayaaz Q 1 in United States

Where are all the taxes that the immigrants haven't got back all this years, Not all of them work for cash, and don't tell me that they claim too many dependents, because if it's like that they are getting more money right?? ... So whwre are all those Billions of dlls???

2006-08-21 13:11:08 · 12 answers · asked by German R 3 in United States

2006-08-21 13:04:15 · 5 answers · asked by IAMCHRIS 1 in United States

I had a minour job this summer and in the end they notified us for about 90 days including weekends all are miour employees where geting $1000
Not much! anyway
After they payed me cash and took out $500 and then said they where going to give me more because they made a mistake and taxes arent 50% (they really arent) but someone here told me you had to make $6000 a year to pay taxes, when i asked the directer of finance she said it's untrue everybody would go bankrupt (blah blah) and it is only $600 a year to not pay taxes, which is it. do i really have to pay taxes because they did not take any money out of anybody they gave them a flat check for $1000, but they said they do have to pay taxes, so do you or don't you. i don't want to lose around $200-250 from this stupidity because i only made $1000 to start with (that is if theyt dont diduct taxes)
Someone helllllllllllllllllllllllllllllllllllllllllllllllllllllllllpppppppppppppp me i worked hard, do i have to surender $200 thanks!

2006-08-21 10:16:58 · 8 answers · asked by Anonymous in United States

I was just curious as to what percentage is witheld from my paycheck each pay period? I live in Texas.

2006-08-21 10:04:53 · 5 answers · asked by karinakat 1 in United States

2006-08-21 09:03:18 · 3 answers · asked by PETER H 1 in United States

2006-08-21 08:16:56 · 66 answers · asked by JOSHUA M 2 in United States

For my entire career as a contractor, I have worked on a W-2 basis. Recently, I was offered a contractor job, but they will hire me only if I agree to a 1099 basis. As someone who has never dealt with this form of compensation/tax before, what are some things that I need to consider if I accept this job? For example, how much paperwork would I need to fill out for tax purposes (mileage, business lunches, business travel, etc.)? Also, if they do not withhold any taxes from my paycheck, then what percentage of my pay should I set aside for tax season?

Thank you.

2006-08-21 07:13:18 · 8 answers · asked by Anonymous in United States