Taxes are collected to run the country. They pay for Medicaid, Food Stamps, Section 8 Housing, and things that help support lower income families. They also pay the Salaries of the State Employees, from the Dog Catcher and Teachers to the Governor. They also pay Federal employees, from the Military to the President. Taxes benefits are not always obvious, but the above is what are some benefits, or people that benefit from them.
National and State Parks are maintained by tax money. Museums and Historic districts are often maintained by tax money. Military equipment is paid for by tax money. Police officers and Firemen (if not volunteer) are paid with tax money. Roads are paved, and the winter snow is cleaned away with salt, plows, and employees paid by tax money.
The problem with taxes is that, at times, the government wastes tax money on needless projects. They also use pork barrel spending to pay for projects in certain representative's districts, to get them to vote for certain legislation. This does not benefit all, and if you consider "The Bridge to No Where", sometimes, it is an obvious waste. Taxes have to be paid to keep the country running. And, the list of benefits can probably be added to.
yes
Before taxes, before any dedcutions, before any fringe benefits, it is BASE.
Gross income is the total amount of money you earned, before taxes and any benefits are paid for. Net income is the amount of money you actually received on your paycheck after taxes and any benefits you contribute toward are taken out.
You submit payroll taxes for turbo software because it is easier and cheaper. You can find out more of the benefits at turbotax.intuit.com/personal-taxes or hubpages.com/hub/Social-Security-Payroll-Tax-Limits
Tax benefits, always a welcome subject, are similar whether you have an LLC (limited liability company) or have elected S corp treatment for your corporation.
It Provides Medical Benefits And Retirement Benefits.
yes
There are various benefits to e-file income taxes. If your state rejects the filing you could easily go back, correct your mistakes and refile the paperwork.
Sure. Death benefits do not enjoy any preference when the beneficiary owes back taxes. They can also garnish your wages and/or Social Security Benefits. You best bet is to set up a payment plan with then and get the back taxes paid.
Yes, you should withhold taxes from Paid Family and Medical Leave (PFML) benefits as they are considered taxable income by the IRS. It is important to report these benefits on your tax return and pay any applicable taxes to avoid penalties.
Canada's health benefits, or most of, are paid for by taxes.
yes
do i have to pay taxes on working income after age 66
Yes There are no taxes in Saudi Arabia
Yes. At present, Missouri taxes Social Security benefits based on total income. This will phase out at the end of the 2010 tax year. There will be no state tax on benefits received in 2011.
Yes, taxes are typically not taken out of Social Security benefits before you receive them. However, you may owe income taxes on your Social Security benefits depending on your total income and filing status.
There are various benefits to e-file income taxes. If your state rejects the filing you could easily go back, correct your mistakes and refile the paperwork.