From IRS.gov Who pays the gift tax? The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.
If you give your money away to a recognized charity, you can deduct the contribution on your income taxes.
Do I have to pay taxes on a money market my mother left me when she passed away in jan. 2015 if I roll it over into my annuity account?
they take more and more money away from people with taxes
Yes, you will have to pay taxes. You can take the money lump sum and pay the taxes this year, or you can roll it over into an inherited IRA and pay the taxes as the money is distributed. You will be taxed at your normal marginal tax rate.
You gain money by winning parties and showdowns against other It Girls. You also have a salary that they give you within each hour. So for example, if your salary is $44/hour, then at the start of each hour, there will be a money wad at your feet, and your job is to click on them. That will earn you $44 right away. You can also gain money by clicking on little mailbox slots and newspaper stands.
If we knew, we'd be turning those in for the money, not giving it away.
all military expenses are generated through general taxs paid by citizens land taxes, sales taxes and etc... taking money away from schools and education the lands up keep of roads and etc..
because England kept raising taxes and putting taxes on new things and the colonists moved away from England to get away from high taxes
Since Plutocracy is a government ran by the wealthy, there could be a few disadvantages but also there could be some advantages, also. Disadvantages: Wealthy People running a government can be a bad idea. They could make people pay more money for taxes, and they could make people pay more for cars and anything in stores. Advantages: Wealthy people running a government could also be a good idea. Knowing that wealthy people can cherish their money and not want to give it away, they could higher people to make money for them so that there will be less taxes and more money towards employed people.
Taxes are collected to run the country. They pay for Medicaid, Food Stamps, Section 8 Housing, and things that help support lower income families. They also pay the Salaries of the State Employees, from the Dog Catcher and Teachers to the Governor. They also pay Federal employees, from the Military to the President. Taxes benefits are not always obvious, but the above is what are some benefits, or people that benefit from them. National and State Parks are maintained by tax money. Museums and Historic districts are often maintained by tax money. Military equipment is paid for by tax money. Police officers and Firemen (if not volunteer) are paid with tax money. Roads are paved, and the winter snow is cleaned away with salt, plows, and employees paid by tax money. The problem with taxes is that, at times, the government wastes tax money on needless projects. They also use pork barrel spending to pay for projects in certain representative's districts, to get them to vote for certain legislation. This does not benefit all, and if you consider "The Bridge to No Where", sometimes, it is an obvious waste. Taxes have to be paid to keep the country running. And, the list of benefits can probably be added to.
Yes, you have to file income taxes for someone who has passed away. This is normally handled by the estate. There is also estate income taxes that must be files as well.
In away yes. The Canadian government put out its money to train its (was soon to be) gold medalists. The USA does not. Tell you a lot about national pride and what economy does to a team.