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A complex question. Taxes are needed to provide the infrastructure that supports your ability to drive to work, have air you can breathe, have courts to settle disputes, have cops to hold down crime, etc. If taxes are too high it is more difficult for employers to hire people or for employees to save.
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∙ 11y ago
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How does capital gains tax impact on investments by people?
Higher the capital gains tax, lesser would be incentive for investment.
Will IRS tax lien affect credit score?
Generally, tax liens (both state, county and federal) do appear on your credit report and will impact your credit worthiness.
What is the tax consequence of the 401k retirement plan?
A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.
What is green tax?
Green tax is a tax placed on people for goods and services that some people feel are not environmentally good for us. These taxes (in theory) go to help reduce the environmental impact of that object. Most green tax goes towards paying for schools and roads and the general budget.
What are the advantages of Roth IRA conversion?
The advantages of Roth IRA conversion is the fact that you will save both money and time. A dedicated tax agent would be happy to inform you on your tax decisions.
What is the impact of tax on the ability to work and and save?
yes
What is tax capacity?
ability to pay tax
What is tax saving?
It means to save tax
What is a tax that varies with a person's ability to pay?
A progressive tax is one that varies with a person's ability to pay.
How do I start a 401(k)?
You can start a 401(k) through any employer that offers a 401(k) plan. This give you the ability to save pre tax money.
How do I reclaim tax on work shirts?
Generally yes, you can claim a tax deduction for providing you workers with uniforms. Save the receipts for them all and if you pay for cleaning as well you can get paid for that as well.
Can you give or tell some slogans on public property?
You work, you earn you pay tax, tax create public property damage public property, damage your own income.
A tax rate that is closely geared to the ability to pay?
Progressive tax
A tax that varies with a person's ability to pay is called?
prgressive tax!!
How long to save income tax documents?
They can go back 3 years into your tax documents. So i would save them for at least 5
A basic feature of a progressive tax is that it takes into account the?
Ability of people to pay the tax.
Which life events have an impact on your tax return?
Marriage, family, businesses and homes all can affect your income tax return in a positive way. If you work at home, you can claim many of your purchases and other business expenses.
