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What could happen to a taxpayer who refused to pay taxes because the tax money went to suppot a government program with which the taxpayer disagreed?
Wiki User
∙ 8y ago
Your taxes are a requirement to be part of the society you live in. You have no right, nor even reasonable expectation, that they will all be used as you want.
All funds are spent in accord to how the elected members o congress and the President agree and vote as allowable. Vote as you want, but that's how you determine how your taxes will be spent.
Wiki User
∙ 8y ago
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What best describes Bulgaria's economy?
The economy has improved because of a government reform program. A+
Are there government grants for Catholic schools?
There are Catholic schools that are eligible for government grants. This is usually because they teach an approved program or curriculum.
Which of these statements best describes Bulgaria's economy?
The economy has improved because of a government reform program.
Is Student Loan Discharge Income?
The taxpayer in Plotinsky, TC Memo 2008-244 was taxed on the portion of his student loan that was canceled by the lender. The court rejected his contention that the debt discharge was a tax-free gift. The taxpayer financed a portion of his college and law school education with several federal loans. After graduating from law school, he consolidated his loans by borrowing from Key Bank USA/American Education Services (AES). To induces individuals to enter into loan consolidation agreements, AES offered an on-time payment incentive program. Under the program, AES would discharge a portion of a loan on which an individual made 36 consecutive on-time monthly payments. The promissory note and the repayment schedule that the taxpayer signed and that evidenced the taxpayer's consolidated student loan did not refer to the incentive program. Nonetheless, when the taxpayer made 36 consecutive on-time payments, AES discharged $3,043 of the consolidated loan. AES issued to the taxpayer Form 1099-C, Cancellation of Debt, showing the debt amount that was discharged. The taxpayer, however, did not include this amount on his income tax return. Rather, he attached a statement to his return indicating that he was not reporting the debt discharge as income because it was a gift. Section 102(a) excludes from gross income the value of property acquired by gift. The taxpayer reasoned that AES received nothing from him in return for the debt discharge. He was already contractually obligated to make on-time payments. As a release of something for nothing, the taxpayer argued that the discharged debt can be construed only as a gift. The court, however, disagreed with this reasoning. AES offered the incentive program to induce students, such as the taxpayer, to consolidate their student loans with it. Thus, it did receive something from the taxpayer in return. Even if AES had not received anything in return for the debt discharge, the Tax Court determined that the discharged debt was taxable. The court cited Duberstein, 5 AFTR 2d 1626 , 363 US 278 , 4 L Ed 2d 1218 , 60-2 USTC ¶9515 , 1960-2 CB 428 (1960), for the proposition that the term "gift" is used in a more colloquial sense than its common law usage. A voluntary transfer of property without any consideration or compensation is a common-law gift, but it is not necessarily a gift for tax purposes. For instance, a payment that is made due to the incentive of an economic benefit is not a gift for this purpose. Thus, the transferor's intent is the most critical consideration for determining whether a gift occurred. In this case, the court determined that AES did not discharge $3,043 of the taxpayer's consolidated student loan out of detached and disinterested generosity. Rather, it offered the incentive program to get individuals like the taxpayer to consolidate their student loans with AES. As such, the discharged debt amount is includable in the taxpayer's gross income.
Participation in government?
Government participation is good for us tomorrow because together we can develop our country easily.
What are the Philippines government program for entrepreneurship?
government of the Philippines programs to support the entrepreneurs?
Who decides a site is historic?
Each state has its own Historical Marker Program. They decide which historical places should be marked. The roadside signs are funded by taxpayer dollars.
Does the Philippine government have a program to solve unemployment?
No, they have no program to solve unemployment.
Why Apollo space program ended?
It ended because the program had no money left. Public interest had declined after the initial moon landings and the government was thus no longer so keen on funding it.
How have population changes affected the Medicaid program?
The population has aged, so the program costs the government more to run.
An insurance carrier whether a private or a government program is referred to as a what?
An insurance carrier, whether a private carrier or a government program, is referred to as
What are the government health program in the Philippines?
S
