How much tax money does California get back from the federal government?
"How much tax money does California get back from the federal government?" is the question in my mind too. I did ask Senator Babara Boxer's office by web comment at her web page, got no answer.
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No you do not get FICA back on federal taxes. It's a pay now andcollect later system, for when you collect social security atretirement.
Also they go to fund things like welfare, social security, Medicaid... etc.... things that ultimately would probably be a lot cheaper for everyone if they were just abolished and we paid for it ourselves, seeing as many of these programs are having programs. Moreover, they go to improve our local r…oads,interstate highways, securing our borders, prisons, furthering education just to name a few. I implore this person is obviously against war to educate themselves on what taxes are actually for !!! WhAT THEY DO IS USE UR HARD EARNED TAX MONEY ON MUCH NEEDED WEAPONS AND FOOD AND OTHER NEEDED ITEMS FOR OUR DEPLOYED TROOPS Also 15% stays in Washington so who knows what they do with that? ( Full Answer )
How do you know how much money Mexicans get back on taxes? Is the question refer to Illegal Mexican workers? If so they are allowed to claim the additional child tax credit for each child.
You should always pay the full amount that you owe. The amount you owe will depend on how much money you make, your family size, deductions, etc. There is no rule of thumb.
How much you make has little to do with how much you get back. The simple arithmetic is that, if the sum of your tax payments (withholding, etc.) and credits exceeds your tax liability, you will get a refund.. Therefore, at any wage level, if you have more taxes held out from your pay than you will… need to cover your tax liability, you will get some of your money back when you file an income tax return. ( Full Answer )
The amount given by the federal government to zoos is decided on acase by case basis. The amounts are set by the state and approvedby the Governor.
The following site will answer your question. It has the entire history of the US tax system.. http://www.treasury.gov/education/fact-sheets/taxes/ustax.shtml
Yes. But congress changes the limit whenever it wants to ... so the real answer is no.
According to reports the Federal Government prints about 38 millionbills a day. Almost 90 percent of the bills printed go to replacebills already in circulation or that have been taken out ofcirculation.
The federal government borrows money from issuing Treasury bonds.The bonds are bought by people, businesses and other governmentagencies. The bonds work by people lending money to the governmentwho in turn pays back that money plus interest.
If I retire and my income is $4500. a month, how much federalincome tax will I pay?
over half of the money collected for federal taxes are used to pay on the national debt. the rest? who knows? watch America freedom to facism by aaron russo.
Yes. Article I of the Constitution grants Congress the power to lay certain types of taxes. The 16th amendment allows it to tax income.
The National government spends taxpayer's money on the war, repairing roads and bridges, the stimulus bill, health care, educational purposes, safety for our country, helps support companies and businesses, and to pay for Obama's pension.
No. Governmental agencies, State, Federal or Local, like many other entities - charities, not for profits, etc. are not taxable.. Of course, not only would the Governments be paying tax to themselves, they don't have any net taxable income...like a not for profit...anyway.. Companies that lose mon…ey don't pay tax either. ( Full Answer )
First, it will depend on several factors--how much money you are making, the true size of your family (and whether you are a dependent) and the percentage of money you had withheld. Go the the irs.gov website to find a calculator. There used to be a Form 919 that people used to guesstimate their ret…urns, but parts of it are confusing. ( Full Answer )
You complete your return and look at the "bottom line"...it is something YOU do, not someone else!
You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE… INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly. ( Full Answer )
All tax money (however you want to define it), from consumer goods (however you want to define it), goes to the or a government.. Aee related question link below
There are other factors, such as how much you earned, whether someone can claim you as a dependent and how much money was withheld.
the federal govt has no money. instead they are able to take the peoples money from the people, then use that money to control and manipulate the people as they see fit, in order to reach their elitist agenda.
2010 Federal Budget had the gov't spending $3.552 trillion dollars. There are 8765 hours in a year: $3.552 trillion / 8,765 hours = $405,210,571 per hour
After you complete your tax return you may find you owed money by the federal government this is called your?
If you are owed money by the federal government, the money that the federal government sends you is called a "tax refund" or sometimes just a "refund."
Taxation is based on the Tax Code, the laws that have been passed. In general, it is a percentage of income, with the higher incomes paying a higher percentage, up to 50%. Certain things and costs can be deducted from income and certain items are a credit against taxes.
No. The Supreme Court held that states cannot tax the federal government or an instrument of the federal government (like the Second National Bank, in Baltimore, Maryland) in McCulloch v. Maryland, (1819). In his opinion for McCulloch , Chief Justice John Marshall declared Maryland's legislati…on taxing any bank not chartered by the state unconstitutional under the Supremacy Clause. Marshall stated that the state's power to tax was the "power to destroy" competition by taxing it out of existence, and was being used unconstitutionally against the federal government. Case Citation: McCulloch v. Maryland, 17 US 316 (1819) ( Full Answer )
Your employer would be able to give you the percentage amount that would be withheld from your pay for the total of all taxes on the 1000 amount. Social security, medicare, federal income taxes, state income taxes, local income taxes, etc.
Pretty small I would guess.. Not For Profit Corps or Orgs (NFP) operate differently than ones that are for profit. To maintain the status they have to spend donations and have certain limited assets. And of course, any money they make from activities away from their exempt purpose they pay tax on a…nyway. (Like if a blood bank owns a building and rents it as a landlord).. So considering a NFP likely doesn't have any real income, in fact they may wel operate at a loss in normal tax accounting, they wouldn't have much tax liabiity to pay anyway. ( Full Answer )
Well, it is tough to say the exact number. However Medicare and Medicaid are mandatory spending for the government. Medicare and Medicaid, last year, were a combined 26% of the U.S. federal Budget
over 7 million dollars Teen pregnancies and the help they need afterwards cost the taxpayers more than $8 billion a year.
This is more a "generally" answer than specific to any tax...although most have their own specifics, the generalities remain the same. There are many SOLs..ones for reviewing return, ones for assesing the tax, and ones for collecting the tax assessed. Together than can make for a long time under any… circumstances. The SOLs are different for each type of tax. For individuals on income tax, the first is generally 3 years from when you filed the return. If there is a gross understatement of tax (25% or more), then the statute is 6 years. There is no statute if fraud is involved. (Fraud can sometimes be considered by intentionally not paying any amount, especially over 25%, without any real legal support. MOST IMPORTANT : The Statutes don't even start to run until a return is filed. (Didn't file, always open...no SOL argument available). The way the time is counted gets complex. Many things toll (means stops) the running/counting of time...like the Govt sending a letter (responded to or claimed to have been received or not to what is/was your last known address with that Department), negotiating, etc. Generally holidays and such don't count either. Commonly, a jeopardy assesment is issued before the SOL for assessment runs out. Specifically allowed by law if the Govt feels it is at "jeopardy" of losing out. These assessments are obviously very high and actually change your legal position as they are given the "presumption of correctness" and become what you then have to prove inaccurate by specific amounts.....rather than the Govt having to prove your return inaccurate. ( Full Answer )
You do not have any way of knowing this until you complete your 1040 federal income tax return correctly and completely down to the last lines on your income tax return it say amount of refund.
You do NOT very many things that would be nontaxable income. One would be up to the 13000 gift exclusion amount from one family member to another family member and neither one would have to report the qualified gift as income or would it NOT be subject to the gift tax on the their income tax return …in year 2009 or the year 2010. For some information go to the IRS gov website and use the search box for Publication 525 Taxable and Nontaxable income ( Full Answer )
The Federal Gov. gets its money from the taxes we pay. They usually spend it on various projects like fixing roads and paying the construction workers.
You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numbers that you are looking for. If you would like to do some estimated tax calculations you would need to go to the IRS gov w…ebsite and use the search box for 1040ES go to page 7 for the estimated tax worksheet and page 8 has the tax rate schedules. ( Full Answer )
This depends on what kind of Federal money are you talking about.If you are due a tax refund, the answer is yes this will be appliedto back taxes you may owe. If you are referring to some other typeof payment, please specify and ask again.
If YOU bought the vehicle out of your pocket and were not reimbursed then that depends on the amount and situation. If it is STRICTLY for business use and you do not use it otherwise and have documentation of mileage driven and accounted for, then chances are good it will be a hefty amount. If you c…ant prove it is strictly for work then its not possible. Sometimes it will be investigated and sometimes it wont. Ive tried myself. ( Full Answer )
The federal government imposes taxes upon its constituents as a means to pay government officials for their efforts, to subsidize public works projects and provide funding for government agencies. The 16th Amendment to the US Constitution allows the government to levy taxes on forms of income as it …sees fit. Simply stated, these income tax provisions act as a transfer and redistribution of wealth, indeed an inefficient one. . \n. The government lowered income tax rates on the higher incomes. ( Full Answer )
This depends on the type of corporation that the question is inquiring about. You can click on the below enclosed related link to find some information about this.
Make your check or money order payable to the "United States Treasury." Do not send cash. You can go to the IRS gov web site and use the search box for 1040V You can click on the below related link for the 1040V payment voucher with the instruction for this purpose.
No. Sales tax is a states way of generating monies. However, they do levy luxury tax (gas taxes, tobacco taxes, etc.), but it's not considered the same.
You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc that they will have to withhold from your hourly pay or gross of 55000 for the year after every thing is withheld from your …gross pay to equal your take home pay. ( Full Answer )
The federal income taxes will be the same any where that you are in the world when you file your 1040 federal income tax return for the tax year completely and correctly. You can see the tax rate schedules for the 2010 tax year for your filing status by going to the irs.gov website and using the sea…rch box for 1040ES go to page 8 to find your marginal tax rates that will be applied to your TAXABLE INCOME AMOUNT FROM PAGE 2 LINE 43 OF YOUR 1040 federal income tax return. ( Full Answer )
The amount of withheld federal income tax that is returned to youdepends on a variety of factors. Your yearly income, maritalstatus, number of dependents, and expenses are all used tocalculate your tax return.
the government uses its money in percentages. A certain percent goes to the jails and prisons, a certain percent goes to public schools, and most of the rest goes to things such as interests, military and unemployment.
About 70% of every utility bill is taxes; both visible and hidden. Most of it goes to the Federal government.
It is virtually impossible to answer this question without specific details. Your tax return will depend on how much money you made and paid in taxes throughout the year. It will also vary if you have dependents, if you are claimed as a dependant, if you are married, have a mortgage, are self employ…ed, and if you claim credits such as the hope credit. ( Full Answer )
Everything is divided up in the specific budget, but some of the notable expenses of just about any government are military, education, healthcare, and retirement.
Yes through goverment effiency only cause the value of tax changes so thus, increases both indirectly and directly
The federal tax rate is based on income, and is constant throughoutall states - it's the state tax rate which varies between states.
Remember that the Government in the United States is of the People, for the People, and by the People. The Government is not supposed to be this all powerful being that makes up the rules as they go along. The Federal Government is not forbidden to tax anyone. In the development of the tax rules and… regulations we do not tax certain groups such as poor people unable to pay taxes, non-profit organizations designed for the public good, other governments such as States and Cities, and certain properties of religious groups that are non-profit. While these groups themselves are not taxed, those who work for these groups and receive pay for work are taxed as any other citizen. These groups are required to file financial returns and to file documents to obtain and maintain this status. ( Full Answer )