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Will the retirement income calculator estimate your monthly income?
Yes, a retirement income calculator can estimate your monthly income. If you would like to estimate your monthly income from your yearly income, you need to divide that figure by twelve.
What is the maximum income we can have in order to pay no taxes for 2009 if married both over 65 and filing jointly?
The must file an income tax return requirement for the year 2009 would be in the 2009 1040 instruction book starting on page 7 through 9 and the book is available at the IRS gov web site using the search box for the 1040 and choose instruction. Filing Requirements Do You Have To File Both over age 65 the amount would be 20900 free of federal income tax excluding social security benefits.
What is the meaning of you would make it through?
To make it through something is to survive it. The use of the word "would" in the phrase shows that this is a conditional use of the verb, and the word "you" shows that it is in the second person. So we have one person saying to another one, that the other will, under certain circumstances, survive something.
If you run a mile in 2 seconds how long will it take to travel 2616 miles?
If you run a mile in 2 seconds, you will be the fastest animal running. The record is just under 4 MINUTES!Still, it would take you 2616*2 = 5232 seconds = 1.4533... (recurring) hours.
How do you use delta in option trade?
Delta is the measurement of the sensitivity of the price of an option to the price movement of the underlying stock.Delta can be useful in predicting profits, having a feel of the probability of the option ending up in the money by expiration under normal conditions and for hedging.In predicting profits, an option with 0.5 delta would move $0.50 when the underlying stock moves $1. By summing up the delta of your options, you would know how much profit you would make with a predicted move on the underlying stock. For instance, if the underlying stock is expected to move by $5, an option with 0.5 delta would move $2.50.Delta is also a measure of the probability that an option would end up in the money by expiration. An at the money option has 0.5 delta has a 50% chance of ending up in the money. The deeper in the money the option goes, the bigger the delta and hence the higher the chance it will end up in the money. Options with delta of 1 would almost definitely end up in the money by expiration under normal conditions.Delta is perhaps most important for hedging in the area of delta neutral hedging. Read the related links below for more info.
Who would pay the least as a portion of income under a regressive tax?
What I would pay and what you would pay and what the next person would pay are all probably different amounts. If I assume that you are single, you are no one else's dependent, you have no dependents, this is all ordinary income, you have no other income, you are not a student, you are not self-employed, and you do not itemize (all for 2008): 35,000 - 3,500 personal exemption - 5,450 standard deduction = 26,050 taxable income Tax = $3,506.25 http://taxes.about.com/od/2008taxes/qt/2008_tax_rates.htm
What type of of tax is sales tax?
It depends how you look at it.I believe its considered regressive based on income... Assume everyone spends the same amount of money on taxable goods... A poor person would pay a higher percentage of their income in taxes.It's proportional based on expenditures, but regressive compared to income levels.
What is a regressive tax system?
A regressive tax is one which doesn't charge more according to more wealth. A good example is the UK's community charge 1990-3 which charged a set amount per person, which was very expensive the poorer you were.
What is The taxable portion on the loan?
None of of the borrowed money would be taxable income to you when you receive it.
Is a benefit principle of taxation an example of a progressive tax or regressive tax?
It would depend on the type of structure of the taxation. Take Mr. Cain's 999, it is an expample of a regressive taxation princeple. The higher income folks pay less and the middle and poor pay more. Study it, you will see.
Under the system of feudalism the piece of land grabted to a lord by a king was known as a n?
Under the feudal system, a piece of land granted by the king to a lord or other noble was known as a fief. The noble would then tithe a portion of the income from the land to the king.
The demand for a luxury good whose purchase would exhaust a significant portion of one's income?
The demand for a luxury good which when purchased would exhaust a significant portion of one's income would be considered relatively price elastic. Elasticity measures how responsive a particular economic variable is to a change in another economic variable.
Are cigarette taxes regressive taxes?
Answer:Double edged sword - Regressive as it is hoped that the raising of them causes less purchases of the product, so less tax could be raised. Hopefully, the same $ would still be spent on another taxable item.Progressive as the lessening of smoking will lower society health costs and the need to fund medical programs.Answer:In economics, a progressive tax is defined as one in which the effective tax rate increases as the taxable base amount increases. In most cases, the base amount may be income or expenditure. Strictly speaking, consumption taxes are neither progressive nor regressive, since their rates do not vary with the amount of expenditure. However, a less rigorous definition of the taxable base might be the taxpayer's ability to pay. Under that definition, consumption taxes, like taxes on gasoline, alcohol and cigarettes, are perceived as regressive, since a greater proportion of the expenditures of individuals with lower income goes to paying the taxes.
What is the difference between regressive tax and progressive tax system?
Progressive Tax: The progressive tax system is commonly used throughout the world and to the average consumer is seen as "fair". In one way it may seem as a pro to the government as the more wealthy individuals there are in a society the higher the revenue of income tax. Although, this may be true, some arguments against this tax system are that it encourages the wealthy to immigrate to a country where the tax rate for high-net-worth individuals is lower and it also discourages individuals to work to gain higher incomes. Regressive Tax: Few countries around the world employ the Regressive tax system. Regressive tax systems are favored by those who make a large income because a small proportion of their income is taxed. It is an incentive for many high net worth individuals. From a government point of view, the wealthy individuals have more disposable income to invest within the economy namely capital goods which in turn would stimulate it. On the other hand, those who make moderate or lower incomes have to pay a higher percentage of their income in taxes. A disincentive for low income earners.
Does someone under the age of eighteen and working have to pay to taxes?
Sure they would be required to file a 1040 federal income tax return and pay any income taxes that may be due. Under 950 of unearned income (did not work for income) would be required to file a 1040 federal income tax return and pay some income taxes on the amount over 950 of UNEARNED income.
Is it possible for a country with a regressive tax system to have a tax-spending system that transfers resources from the rich to the poor?
Yes, it is possible for a country with a regressive tax system to implement a tax-spending system that transfers resources from the rich to the poor. This could occur if the government uses revenue from regressive taxes, such as sales taxes or flat taxes, to fund social programs, welfare, or targeted subsidies that primarily benefit low-income individuals. Through effective redistribution mechanisms, the government can still achieve a net transfer of resources despite the tax system's regressive nature. However, the overall effectiveness of such a system would depend on the scale and efficiency of the spending programs.
Who would be LEAST likely to have a high median income?
a person under the age of 24
