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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.
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Do you pay taxes on your unemplyment benefits?
yes
Is base salary before or after taxes?
Before taxes, before any dedcutions, before any fringe benefits, it is BASE.
What is the difference between gross income and net income?
Gross income is the total amount of money you earned, before taxes and any benefits are paid for. Net income is the amount of money you actually received on your paycheck after taxes and any benefits you contribute toward are taken out.
What are the benefits of llc taxes?
Tax benefits, always a welcome subject, are similar whether you have an LLC (limited liability company) or have elected S corp treatment for your corporation.
How do you submit payroll taxes for turbo software?
You submit payroll taxes for turbo software because it is easier and cheaper. You can find out more of the benefits at turbotax.intuit.com/personal-taxes or hubpages.com/hub/Social-Security-Payroll-Tax-Limits
What taxes provide citizens?
It Provides Medical Benefits And Retirement Benefits.
Do you pay taxes on your unemplyment benefits?
yes
What happens if a person can not pay taxes on workers comp benefits?
There are no taxes on workers comp
What are the benefits of income taxes?
There are various benefits to e-file income taxes. If your state rejects the filing you could easily go back, correct your mistakes and refile the paperwork.
Can the IRS seize death benefits owed to the beneficiary who owes back taxes?
Sure. Death benefits do not enjoy any preference when the beneficiary owes back taxes. They can also garnish your wages and/or Social Security Benefits. You best bet is to set up a payment plan with then and get the back taxes paid.
What is the difference between Canada and US health benefits?
Canada's health benefits, or most of, are paid for by taxes.
Are income taxes used to pay for ssi benefits?
yes
Do you have to pay state taxes on Social Security benefits in Missouri?
Yes. At present, Missouri taxes Social Security benefits based on total income. This will phase out at the end of the 2010 tax year. There will be no state tax on benefits received in 2011.
Do the citizens of Saudi Arabia receive more benefits from their taxes than Americans?
Yes There are no taxes in Saudi Arabia
Do you pay taxes on SS Benefits at age 66 and working?
do i have to pay taxes on working income after age 66
What are the automatic stabilizers in the economy?
Unemployment benefits and taxation. These are 'automatic stabilizers', because they vary with the business cycle. In a boom period, taxes will increase, and unemployment benefits will fall; whereas during a downswing/ recession, taxes will fall and unemployment benefits will increase.
Does the state of Ohio tax widow's benefits?
Social Security benefits are exempt from Ohio state income taxes.
