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Browse: Home / MONEY / Taxes

Taxes

Who knows the difference between progressive taxation and legitimate taxation?

dragonfly9151974: Who knows the difference between progressive taxation and legitimate taxation? I have noticed that on a lot of questions about taxes answerers confuse taxation for legitimate (constitutionally enumerated) purposes such as building and maintainging roads and the military with taxation for progressive purposes (unconstitutional … [Read more...] about Who knows the difference between progressive taxation and legitimate taxation?

What kind of tax refund can I expect come tax time if I was a 1st time buyer this year in NJ?

JohnDoe: What kind of tax refund can I expect come tax time if I was a 1st time buyer this year in NJ? I bought my first house this April. I live in NJ. I got my mortgage tax statement yesterday, and I've paid close to $ 9000 in interest. My closing costs were around $ 6000. I've heard you are supposed to get a sum close to the amount you paid … [Read more...] about What kind of tax refund can I expect come tax time if I was a 1st time buyer this year in NJ?

Question about Tax Returns. Can I use my Student Loans for a Tax Credit. How does that work?

Agent 47: Question about Tax Returns. Can I use my Student Loans for a Tax Credit. How does that work? In my Student Loan accounts it says that I will be able to use a reportable tax interest form 1098E. Does that mean I can use my loan repayments as a tax credit or deductible? By the way, My loans are currently on Forbearance. Answers and … [Read more...] about Question about Tax Returns. Can I use my Student Loans for a Tax Credit. How does that work?

do i have to file city income tax for chicago?

beccan: do i have to file city income tax for chicago? I am originally from Ohio and I'm pretty sure we had to file city, state and federal taxes individually. In Chicago though I don't know if I have to or not. I have filed federal and state but all of my searches online for city taxes have only turned up info for property taxes. I used to have … [Read more...] about do i have to file city income tax for chicago?

How does taxation on automobiles work?

Alex G: How does taxation on automobiles work? In Canada or the US. I mean taxation on new automobiles from a dealership as opposed to taxation on pre-owned ones. Someone told me that when you buy a new car from the dealer, you pay taxes and get a warranty, but when you buy a car off someone, you pay no taxes but get no warranty - you could then … [Read more...] about How does taxation on automobiles work?

What does pass through taxation mean?

itsme: What does pass through taxation mean? I'm thinking of incorporatin and I'm trying to find out whether an S Corp or LLC would work best for me. But I'm not sure what pass-through taxation means. Answers and Views: Answer by sumbumblebeePass-through taxation means that the business entity itself doesn't pay any taxes. Instead, all … [Read more...] about What does pass through taxation mean?

In Financial Reports is profit on ordinary activities the same as profit before taxation?

illuminatedillusions: In Financial Reports is profit on ordinary activities the same as profit before taxation? Reviewing the financial reports of a company and it doesn't state what the profit on ordinary activities actually is! Is it the same as profit before Taxation? If not is there a way I can work out how to calculate it? Answers and … [Read more...] about In Financial Reports is profit on ordinary activities the same as profit before taxation?

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