i went to get my taxes, and was amazed when the tax man ask if I wanted to donate a dollar to the presidental fund.
Do all Tax places try and scam the public?
I think that is soooo bad. Had to send my kids and 15 grandkids when Katrina hit, to get them out of harms way. Now i can't take it off my taxes cause I didn't give the money to the government fund. This is not righ? If i trusted the President to save my kids. they would be DEAD! Do you think it is fair?
2007-02-01 15:44:28 · 6 answers · asked by cprucka 4 in Business & Finance ➔ Taxes ➔ Other - Taxes
You are sooooo confused, about a lot of things.
It is H and R Block.
They only do tax returns, they don't make laws. It is the government that is asking for the money not the tax person.
The fund is for the elections, not for the president, himself. Perhaps with better funding, the elections will be better. No amount of money is going to make this president any better.
What the government did, or didn't do with Katrina is a national shame, but it has nothing to do with income tax returns. Except for the fact that taxes would be lower if there was less gross negligence and waste, ala the Katrina fiasco. Katrina is just one tiny example of government waste and corruption.
2007-02-01 15:54:10 · answer #1 · answered by Mia R 4 · 0⤊ 0⤋
Actually, it is $3, not $1. Also, this contribution does not get tacked onto your tax. It is your choice to designate that $3 of your tax, that you are paying anyway, to be given to the presidential election fund. You are not contributing towards the current president, but are contributing towards the fund that gives each presidential candidate money to run. Under the election rules for president, once a party has named their candidate for president (at the end of the party conventions), the candidate is only allowed to use the money given to them by the government to pay for their election expenses. So, at the last election, since the Republican convention occurred after the Democratic convention, Bush had a slight advantage since Kerry was limited to just using the federal money while Bush could continue using all the money he had amassed in his campaign war chest up until the end of the Republican convention.
The basis of this election rule is that so the candidates running is campaigning on even ground, using the same amount of money, so a rich candidate doesn't have an advantage over a poor candidate.
The election is purely voluntary, and checking yes or no has no effect on whether or not you get audited.
2007-02-01 23:57:12 · answer #2 · answered by jseah114 6 · 2⤊ 0⤋
Ok, calm down. This is not a scam.
On everyone's tax return, there is a box where you indicate if you would like $3 of your taxes to go to the Presidential Election Fund. Checking yes on this box does NOT increase your taxes and checking no on this box does NOT decrease your taxes. It just allocates $3 of the taxes you owed this year to that specific fund. There is nothing for you to take off your taxes because of this question. If you don't want your money going to the Presidential Election Fund, then check no.
2007-02-01 23:49:55 · answer #3 · answered by TaxGurl 6 · 4⤊ 0⤋
1. I have never heard of N&R Block
2. The thing about the Presidential fund is on the tax form.
3. No
4. WTF?
5. WTF?
6. WTF?
7. No, it's not fair at all! :P
2007-02-01 23:50:14 · answer #4 · answered by a kinder, gentler me 7 · 2⤊ 0⤋
what is N&R Block... first of all u need 2 slow down and write more carefully, it is called H&R Block
2007-02-01 23:52:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
sorry that all happen,hope you all get new homes an plenty of assistance soon
2007-02-02 00:42:52 · answer #6 · answered by yessy yes no 3 · 0⤊ 0⤋