United States - September 2006

2006-09-23 07:37:50 · 9 answers · asked by M 1

Do the IRS tax your personal income by dollar per dollar, meaning for every dollar, they tax 17% out of the whole, or is it based on a certain income bracket?

For example, if I make 1,500 per month, I will be tax 17%; but if I make 1,501, I will be tax 18%?

Or is it a flat tax where if I belong in a certain income bracket, I will only need to pay the same amount of tax as other in the same bracket. Such as a person, earning 1,500 will pay $200 taxes and I earning $2,000 will also pay $200? The cap on the bracket is $2,500 and if you make $2,501 you will be tax $300

Really confuse here. I might be going about this all wrong. Please help me to understand the average person income tax?

2006-09-23 07:10:19 · 4 answers · asked by Inquisit 2

2006-09-23 04:14:06 · 2 answers · asked by Anonymous

ranking by Money magazine

2006-09-23 00:28:51 · 4 answers · asked by clevelandrocksgirl 3

I live in USA, work in Iraq, and am out of country for more than 330 days. I am being paid from an off shore bank account, do I have to pay taxes such as social security, fed, etc. I will not get a W2, only a statement of earnings by email only, IRS is not notified.

2006-09-22 21:02:12 · 3 answers · asked by hpx645 2

2006-09-22 17:40:47 · 11 answers · asked by Vivekool 1

Let's say you win $500,000 and you want Uncle Sam to take his right off the top. How much would that leave you?

2006-09-22 13:28:07 · 13 answers · asked by Gail 2

As far as city taxes go.

2006-09-22 10:25:50 · 9 answers · asked by Anonymous

2006-09-22 09:24:23 · 13 answers · asked by Anonymous

What benefits could a person in real estate receive from filing a 1099 tax form? ...Is that how they file commision? How exactly does it work and what all could be claimed? ..Anything would be helpful!!!!

2006-09-22 08:08:29 · 9 answers · asked by AUDREY H 4

Serious answers appreciated please. Thank you.

2006-09-22 04:38:13 · 12 answers · asked by ANGELa 3

I bought a laptop for college and have been using it strictly for college, along with paying 300$ a month in college payments. Please tell me if I attended school this year that it's tax deductible?
It would be nice to hear since becoming a college student has become very taxing on my pocket.

2006-09-22 03:11:43 · 7 answers · asked by Anonymous

we have had several people move in with us and i was wondering. we have a 18,19,20&21 year old move in and i wanted to know if we can claim as dependants 18,19&20 are all students and do not work. 21 just started a job 3 weeks ago. i appreciate all of the input.

2006-09-22 03:10:01 · 4 answers · asked by ninersgalfrtx 1

Its not like I make alot of money babysitting for in-laws. My husband earns a living. I just babysit for cash to buy our food. He earns enough to pay the bills, but not much left after that. Now if I have to pay taxes on the little I make from babysitting----------------well I guess I won't be buying groceries.

2006-09-22 02:05:28 · 16 answers · asked by cheerios 1

2006-09-22 01:22:23 · 10 answers · asked by bubbles5733 1

2006-09-22 01:18:15 · 6 answers · asked by Anonymous

2006-09-21 20:32:00 · 4 answers · asked by Jennifer 2

2006-09-21 19:19:55 · 6 answers · asked by lobo1997 1

My boyfriend makes a lot more money than I do, we want to bring home the most amount of money possibe per paycheck but still get money back come tax return season. I always get a refund but my boyfriend always owes.

2006-09-21 17:49:38 · 12 answers · asked by Anonymous

I don't know much about cd's except that they earn better interest than savings accounts. My 13 year old daughter received a settlement for a dog bite that she suffered.
It is court ordered that it be placed into a trust or account of some sort that cannot be touched by anyone. She gets it when she turns 18.
Right now it is in a savings account but I want to change it to a cd so she can earn better interest. Someone told me that as her parents, we would have to pay taxes on the interest. That makes no sense since we do not benefit from this money. Do we have to pay it or does she have to pay it later?

2006-09-21 17:37:19 · 7 answers · asked by Anonymous

2006-09-21 17:11:15 · 8 answers · asked by mazewalker1963 1

does that mean hes not paying the correct taxes? and if that is true doesnt that mean ill be in trouble when it comes time for me to claim some of that money

2006-09-21 16:11:55 · 17 answers · asked by Anonymous

2006-09-21 13:57:32 · 3 answers · asked by zecharias m 1

2006-09-21 13:54:44 · 2 answers · asked by Ramya P 1

I am an American English teacher in S. Korea.I was told by a tax consultant in the U.S. that I didnt have to file a return in the US if I didnt have any employment there or have any w-2 forms to report and didnt make over 80K a year.I pay the Koran taxes here.Does anyone have a definitive answer?

2006-09-21 12:03:51 · 7 answers · asked by Anonymous

the tankers that carry the gas to the stations

2006-09-21 11:31:49 · 4 answers · asked by andrew t 1

At the end of 2001, Kazlo Company has total assets and liabilities at $40,000 and $13,000, respectively. Kazlo reported net income for 2002 in the amount of $10,000. How much is stockholders’ equity at the end of 2002?

Could somebody explain how this is done?

2006-09-21 11:31:48 · 6 answers · asked by J R 2

2006-09-21 09:27:53 · 4 answers · asked by allie 2

I got married in July. I haven't changed my W-4 at all since the event and neither has my husband. He feels we should leave our W-4's alone until Jan 2007. He also says that since we got married after July 1 we can file our taxes as Head of Household & with our individual dependents as we did for 2005 taxes. I'm concerned about penalties, audits, handcuffs :). Can we do this?? References to web sites would be great too...I've searched but haven't found a lot on this.

2006-09-21 09:19:09 · 7 answers · asked by The Steele's 3

I file separately and husband (of four years) told me that he had taken care of his taxes. Obviously he has not. How can I protect my assests?

2006-09-21 08:34:48 · 5 answers · asked by TiaDeborah 1