To fund the Social Security program.
The SS program pays old age and disability pensions to covered workers.
The SS tax has been taking in much more than is needed to cover the costs of the program. The excess has been used for general federal government programs. The federal government has issued itself preferred bonds promising to repay itself the excess when the SS tax begins to take in less than the cost of the SS program. The collection of these bonds is called the "Social Security Trust Fund."
To raise Income Tax.
tax accessor
Corporate tax is the tax paid by companies based on its profit. Its purpose is for government projects like building of roads, public schools, and hospitals.
The purpose of State Tax Relief is to allow those who qualify (whether it be businesses or people) to be partially exempt for a period of time from their tax bill.
The purpose of a 1040 tax preparation is to ensure that the government gets the proper amount. It could make you qualify for a tax return which means you would get an income tax refund check.
This is not a very smart thing for either one of you to do. It is also a violation of the income tax laws.
I need my SS 1099 for 2010
Yes, you may have to pay federal income tax on your Social Security benefits if your income exceeds a certain threshold. The amount of tax you owe will depend on your total income, including other sources of income besides Social Security.
To raise Income Tax.
tax accessor
The purpose of the whiskey tax was to help pay off debts to other country's after the war.
The purpose of the stamp tax was to help pay to support British troops stationed in the American Colonies.
The purpose of the whiskey tax was to help pay off debts to other country's after the war.
Corporate tax is the tax paid by companies based on its profit. Its purpose is for government projects like building of roads, public schools, and hospitals.
On the form you list your dependents and their SS#, where asked.
Depends on the gross income from SS.
what is tax managementTax management means, the management of finances, for the purpose of paying tax.