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Much less making less money.
About 50% of the people in the United States pay no income tax at all, and a large percentage of them actually get money back in the form of a earned income credit.
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What are problems with taxes?
people are making more money and the tax people is complaining about paying more of the income to the people they are trying to pay less to each of um
What is the propose of income tax brackets?
Income Tax brackets exist to apply more taxes (as a percentage) to those who have more money to pay, and less taxes to those who have less money.
Do you have to pay inherit taxes on money willed to you in NC?
If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.
Why would your taxes be higher if there is no tax increase?
Made more money.
Do you get more money in your paycheck if you claim 99 on exemptions?
Yes, if you have a higher number of exemptions, you will receive more money in your paycheck. You will have to pay more money for taxes at the beginning of the year.
What views are different between the candidates?
I would say that McCain is trying to make rich people richer by making them pay less taxes and Obama is trying to help people with less money pay less money so they won't go into dept and make people with lots of money by making them pay more money on their taxes.
What is is the propose of taxing?
Income Tax brackets exist to apply more taxes (as a percentage) to those who have more money to pay, and less taxes to those who have less money.
What are problems with taxes?
people are making more money and the tax people is complaining about paying more of the income to the people they are trying to pay less to each of um
What is the propose of income tax brackets?
Income Tax brackets exist to apply more taxes (as a percentage) to those who have more money to pay, and less taxes to those who have less money.
What is the impact of increasing taxes to support the healthcare bill?
Less money for me and you, less health for all, less care. more government control. The very reason the we Declared Independence.
Why are lower taxes good for the economy?
AnswerIt leaves more money for consumers to spend, making more jobs for suppliers of goods and services, which makes more jobs for more people to spend more money. That way, the government can make more money because more people are paying more taxes. If government RAISES taxes, the consumer ultimately looses.Imagine taxes based on a continuum. If taxes are zero, the government gets no taxes. If taxes are 100%, taxpayers quit working and the government gets zero again. Somewhere along the line is a place on the continuum where the government gets the maximum that it needs to operate and taxpayers get to keep the most possible. Raising taxes doesn't always result in more money to the government. Sometimes, by taking too much money out of the taxpayers pockets the government AND THE TAXPAYERS loose.
What can I do to help the national debt?
The biggest effect is on taxes. As the national debt increases taxes are likely to increase as well, making daily life more expensive for individuals and families. In turn, people may need to work longer hours or learn how to live on less money. If you want to help, the best thing you can do is keep paying your taxes, but saving some money in case taxes and expenses go up. You can find more info here: http://www.accumulatingmoney.com/how-does-the-national-debt-affect-the-individual/
Why did the loyalists put up taxes for the patriots?
For more money and more money=more power!
Do you have to pay inherit taxes on money willed to you in NC?
If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.
A Plan where the government pays out more money than it takes in with taxes is called?
"A plan where the government pays out more money than it takes in with taxes"
Do taxes pay off the national debt?
The national debt can be repaid by taxes, but only if the amount of other spending is less than the amount of taxes that are collected. If the government continues to spend more money every year than it collects in taxes, then the debt will necessarily increase.
How does cutting spending create jobs?
When the government reduces spending, taxes can be lowered. With less taxes, people have more money to spend in the private sector. So more things get sold. With more things getting sold, there have to be people to make them. Also, with lower taxes, that means a smaller government, and to a certain extent, less regulations. With less regulations, businesses will be more free to do business and lose less money to the government. When companies are more successful, they can afford to hire more people. Capitalism and democracy works best when the government stays out of it, and people have the right to both succeed and fail on their own, and the chance to face natural consequences and learn from their mistakes.
