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Idealistically, congress is sopupse to tax us and put all the tax money into a high interest bearing account. Then, they are sopupse to skim off the interest and give us back 100% of what we pay into the system annually, however, this system has never worked that way. So, instead, they set an amount of money (x) to represent how much you have to pay in taxes per dollars you earn. So, now you only get money back if you over pay. And again, they are only sopupse to spend exactly what they take in, and nothing more..However, congress gets a little greedy, and goes a little nuts with the check book, and writes checks they cannot honor-so we have to borrow money from other sources (i.e. Social Security, China, ect.,.) thus causing the national debt. Printing more of our own money to pay for this debt would not only devalue our dollar but cause inflation (which is the same as devalue).One thing to know and understand, no matter how high the national debt is, as long as there is income-we're okay, unless all the countries we owe money to comes to collect (which they won't because we're link into their economy) then we have little of nothing to worry about, with the execption of inflation.
What else can I help you with?
Where do I go to find out what houses in my town are for sale for the back taxes owed?
Where do I go to find out what houses in my town are for sale for the back taxes owed?
How do most states finance their capital budget?
Most states finance their capital budget through the state taxes businesses and citizens pay. These include sales tax, income and property taxes and inheritance taxes. They can also use the sale of bonds.
Can you report on your taxes the death of cattle?
In the USA, you can report the death of cattle on your taxes. This is done by listing them as a Sale of Business Property for a sale price of zero dollars.
When do you pay Capital gains taxes on the sale of a business?
When you file your income tax return for the year of the sale.
Does Colorado charge sales tax on carpet cleaning?
No sale taxes.
interested in houses in New Mexico listed for sale for taxes not paid?
new mexico, tax liens houses for sale/auction
When a mortgagor forecloses on a property and sells it who pays any liens?
Generally: The proceeds of the sale are used to pay outstanding liens that must be paid. Liens that must be paid are local, state and federal taxes, municipal services liens, the subject mortgage and any liens that were recorded prior to the recording of the foreclosed mortgage. Any liens that were recorded after the subject mortgage are wiped out as to the record title. They would no longer be liens against the real estate but could be pursued as against the owner who acquired them.
What was the date of Visteon's bankruptcy filing?
For some estate taxes I am doing now I used August 31, 2010 as the "sale date" for the 1041.
Who is responsible for property taxes and upkeep of home if the mortgage was discharged in chapter 7 bankruptcy and the foreclosure process has not begun in Florida?
The owner of record is responsible for taxes and upkeep until a deed conveys the property into another name. The owner will be responsible from the Bankruptcy file date until the date of Trustee's Sale- even if the original sale date is postponed.
Can you sell your house without a title co?
I asked that question...1. no mortgage owed. 2 . cash sale. 3. "as is" condition. 4. taxes up to date. 5 no liens.
What is the MBT bankruptcy sale?
The MBT bankruptcy sale is a sale on Switzerland watches. Currently the sale offers 60 to 70% off all MBT items as the company goes out of business.
Who pays off liens in a short sale?
Most cases the buyer.
Should farmers be allowed to sell their land?
Provided there are no outstanding liens that will not be satisfied by the sale, then there is no reason for preventing such sale.
Can a property be bought before it goes to sheriff auction and would it be free and clear on all taxes and liens against it?
It is unlikely a property on its way to a sheriff's auction would free and clear of all taxes and liens. The very existence of a sheriff's sale indicates a troubled property owner who most likely has many other debts.The only way to determine the status of the property is to have a title examination performed by a professional.It is unlikely a property on its way to a sheriff's auction would free and clear of all taxes and liens. The very existence of a sheriff's sale indicates a troubled property owner who most likely has many other debts.The only way to determine the status of the property is to have a title examination performed by a professional.It is unlikely a property on its way to a sheriff's auction would free and clear of all taxes and liens. The very existence of a sheriff's sale indicates a troubled property owner who most likely has many other debts.The only way to determine the status of the property is to have a title examination performed by a professional.It is unlikely a property on its way to a sheriff's auction would free and clear of all taxes and liens. The very existence of a sheriff's sale indicates a troubled property owner who most likely has many other debts.The only way to determine the status of the property is to have a title examination performed by a professional.
Are liens valid after a tax foreclosure sale?
Oh, dude, after a tax foreclosure sale, liens are typically extinguished, so they're about as valid as a fake ID at a liquor store. It's like trying to claim your ex's Netflix password after they change it – it's just not gonna work. So yeah, those liens are pretty much toast once that sale goes down.
Can you be forced to pay loan back after foreclosure?
Depends on which state you live in what all the details would be. You can be sued for the remaining balance after the sale of the property. If you don't pay and if it is allowable in your state, they can garnish your wages and place liens on any property you may own that has any significant value. If you file for bankruptcy protection, you are protected by the bankruptcy laws.
Which lien has first priority?
Liens are given priority in the order that they are filed. Liens for property taxes, however, will be given priority in the case of a foreclosure sale. But after any back taxes are paid, then the lien filed in first in chronological order will be given the highest priority.
