Sivels: How is taxation justified and how is it not any different from extortion/theft? Is taxation extortion? Definitions of extortion on the Web: * an exorbitant charge * unjust exaction (as by the misuse of authority) * the felonious act of extorting money (as by threats of violence) Is taxation any different or does any of the world's … [Read more...] about How is taxation justified and how is it not any different from extortion/theft?
Taxes
At what level of taxation would you consider yourself a slave?
NoBaama: At what level of taxation would you consider yourself a slave? I say anything over 50% total taxation from all sources of government is definitely slavery. Answers and Views: Answer by PfoWhatever rate it takes to make it impossible for me to save money and invest in myself and my life. Answer by Patches O'HoulihanAbout 20 percent … [Read more...] about At what level of taxation would you consider yourself a slave?
How do you pay taxes on prizes that exceed your yearly income?
Joshua: How do you pay taxes on prizes that exceed your yearly income? Say that you win over $ 100,000 worth of prizes (not cash), how would you pay taxes on that. Say that you make only $ 30,000 per year how would you be able to pay that. It’s not fair that people have to pay taxes on physical items especially since the item has already been … [Read more...] about How do you pay taxes on prizes that exceed your yearly income?
If i paid corporate taxes out of my pocket, is it deductable?
ralph p: If i paid corporate taxes out of my pocket, is it deductable? I was a officer in a corporation. I never received any pay. When the corporation when bankrupt it owed sales tax and withholdong taxes. I had to pay these taxes out of my pocket. Are these taxes deductable from my federal taxes. Answers and Views: Answer by Dana AYou … [Read more...] about If i paid corporate taxes out of my pocket, is it deductable?
The taxes minused from your savings acount, is it tax dedcutable?
tea: The taxes minused from your savings acount, is it tax dedcutable? I have a savings account and an cd account that is yiels like 4.65%. And I noticed that there is some deductions at the years end. I was just wondering when you file your yearly taxes, is possible to get this refunded. If so, how? Answers and Views: Answer by JayThat is … [Read more...] about The taxes minused from your savings acount, is it tax dedcutable?
How do property tax appraisals on a new home work?
Sandianne: How do property tax appraisals on a new home work? We bought a new home last August 2005. The taxes for 2005 were based on a property value of 17,000$ . Our home is now worth about 150,000$ for 2006. We signed a paper during the purchase, asking the escrow account to go ahead on figure the new tax rate on our home into the mortgage … [Read more...] about How do property tax appraisals on a new home work?
How can Govt simplify Taxation procedure VAT/TDS/IT/Profesional Tax/FBT returns , where do you get staff ?
dipndry: How can Govt simplify Taxation procedure VAT/TDS/IT/Profesional Tax/FBT returns , where do you get staff ? How can Govt simplify Taxation procedure, I think we should submit return to our Chartered Accountant and in turn chartered accountant should submit onlie to Income Tax office and there should be no personal meeting between CA and … [Read more...] about How can Govt simplify Taxation procedure VAT/TDS/IT/Profesional Tax/FBT returns , where do you get staff ?