: What are the effects of lowering corporate taxes? I had a debate with someone and argued that lower taxes lead to companies investing capital in new projects which require new labour, thus increasing jobs. These new employees, in turn, are the ones who pay extra taxes, so the government still receives roughly the same amount of taxes because of … [Read more...] about What are the effects of lowering corporate taxes?
Taxes
Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes?
Michael B: Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes? I recently became a Texas resident and paid sales tax to Texas on a car I purchased. Is that state sales tax deductable from my federal income taxes (Texas has no state income tax)? Answers and Views: Answer by CheliebeanYes. However … [Read more...] about Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes?
What will the government do when Americans quit smoking due to high taxation?
theREALtruth.com: What will the government do when Americans quit smoking due to high taxation? What will the government (State and Federal) due when Americans quit smoking due to high taxation? What will they tax to replace this large source of revenue at the same rates? Answers and Views: Answer by WhaddayaDon't worry, cap and trade is on … [Read more...] about What will the government do when Americans quit smoking due to high taxation?
Would re-instating the apportionment requirement for US taxation invalidate corporate income taxes?
healthyguy63: Would re-instating the apportionment requirement for US taxation invalidate corporate income taxes? It is my understanding that repealing the 16th amendment to the US constitution reinstates article 1 section 9, which requires congress to collect taxes in a way that is apportioned to population. "No Capitation, or other direct Tax … [Read more...] about Would re-instating the apportionment requirement for US taxation invalidate corporate income taxes?
Will both parties recieve a tax benefit from buying house, if you are not married?
PZ: Will both parties recieve a tax benefit from buying house, if you are not married? As I understand it, interest on the mortgage, and real estate taxes are tax deductable, if you own a home. I am thinking about purchasing a home with my fiancee, i was wondering if we would be able to both benefit from the interest and real estate taxes paid, … [Read more...] about Will both parties recieve a tax benefit from buying house, if you are not married?
What happens if you buy a house up for taxes and there is someone living in it?
sapphire: What happens if you buy a house up for taxes and there is someone living in it? Ok, here's the situation. My fiance and I are looking to buy a house that is up for deliquent taxes. The only problem is there are people living in the house. I was told all we have to do when we buy the house is give them 30 days to move out. After that the … [Read more...] about What happens if you buy a house up for taxes and there is someone living in it?
Has anyone been able to contact NYS Taxation and Finance since May?
noejen94: Has anyone been able to contact NYS Taxation and Finance since May? I've been waiting on an ammended refund and cannot get anyone on the phone at NYS Taxation and Fiinance. Is anyone able to get through? I submitted the amended returns in early March and have not been able to contact anyone since the end of May. Answers and … [Read more...] about Has anyone been able to contact NYS Taxation and Finance since May?