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When the economy is in a downward swing what might be done to taxes to help individuals have more income?
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∙ 14y ago
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Wiki User
∙ 14y ago
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Where do individuals spend their income from the resources they sell?
Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year. - See more at: http://www.chacha.com/question/what-do-individuals-spend-thier-income-from-resources-they-sell#sthash.32GMh1Pg.dpuf
How might lowering corporate income tax impact state revenue?
Attracting more businesses might raise corporate tax revenue.
What is the tax bracket for individuals?
There are many things that will determine which tax bracket you will wind up in. There are tax brackets for single people and married couples. On top of that any individual is able to add an additional amount to be deducted from their gross pay and apply that towards taxes that might be owed at the end of the year. If you have overpaid taxes, when you file your returns, you might get a refund.
Earned Income Credit (EIC) Calculator?
Earned Income Credit (EIC) Calculator Earned Income Credit (EIC) is a tax credit available to low income earners. In some cases the EIC can be greater than your total income tax bill, providing an income tax refund to families that may have little or no income tax withheld from their paychecks. Use this calculator see if you qualify for the Earned Income Credit, and if so, how much it might be worth to you and your family. This calculator creates estimated values for tax year 2010.
How can you find out why imputed income is coming out your pay?
Imputed income is income that is the result of you providing services to yourself, such as owning a home rather than paying rent to another person. It is not normally a payroll deduction. In some cases you can be taxed on imputed income, and that might result in a payroll deduction. The best way to find out why imputed income is coming out of your pay is to ask the person who prepares the payroll about it.
When the economy is in a downward swing what might be done to taxes to help individuals have more incomes?
lowered
What is an economic hypothesis?
This is an explanation for how wealth or income distribution will be in the future. Some might have the economic hypothesis that the economy will continue to grow.
Where do individuals spend their income from the resources they sell?
Individual income tax law is based on an individual persons income. The tax is also based on family size.and certain expenses that might have happened over the last year. - See more at: http://www.chacha.com/question/what-do-individuals-spend-thier-income-from-resources-they-sell#sthash.32GMh1Pg.dpuf
What might happen in an economy if a government increases income tax rates?
There will be less money for citizens to spend/save and the economy will slow/shrink. Also more citizens will seek ways to avoid paying taxes.
What do you think might be sacrifice in the economy of Marx in order to achieve more equality?
In Marx's economy, there may be a need to sacrifice individual wealth accumulation and the profit motive in order to achieve greater equality. This could involve redistributing wealth and resources more equitably among the population, reducing income disparities, and focusing on meeting the needs of all individuals rather than prioritizing private ownership and profit.
Under what conditions might government intervention in a market economy improve the economy's performance?
If there is a market failure, such as an externality or monopoly, government regulation might improve the well-being of society by promoting efficiency. If the distribution of income or wealth is considered to be unfair by society, government intervention might achieve a more equal distribution of economic well-being.
What is the point in buying cheap air tickets in India?
The point of buying cheap air tickets in India is to allow one to travel around Indian when on a budget. It might of use to low income individuals or students.
What is mean by professional income?
That might depend on the context, but presumably it refers to income you get from professional work.
Where might one find a good business opportunity online?
One may find some good business opportunities online at the site Wix. They have a top 10 section which highlights difference ways for individuals to boost their income.
Can a widow at age 86 stop paying income tax?
It depends on the widow's income level and sources. Generally, individuals over a certain income threshold are required to pay income tax, regardless of their age or marital status. It is recommended to consult with a tax professional to determine if the widow qualifies for any exemptions or tax breaks.
How your own values in relation to hygiene might differ from those of individuals and how to deal with this?
how you own values in relation to hygiene might differ from those of individuals and how to deal with this
If I received a 1099 a is that money all taxable income?
Depending on whether the "sale" gave you a deductable loss, or a taxable gain you might or might not be liable to income tax.
