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Money Management, Financial Planning, Saving And Investment Tips

Tax stimulus rebates 2008?? What does a disabled or senior citizen need to do to receive it?

Does the disabled person need to file a tax return in order to get the tax rebate? He usually doesn’t file income tax in the past, because he only receives disability payments as the only source of income.

August 3, 2010   4 Comments

What screen in turbo tax do I enter my tax credit adjustment amount?

Turbo Tax and the Certificate for Income Adjustment
I am itemizing and I have a Certificate for Income Tax Adjustment from Department of Defense for my overpayment of a debt to the federal govt. What screen in turbo tax do I enter my adjustment amount? It is over 00. I want to take the tax credit not the tax deduction.

May 25, 2010   1 Comment

How could a carbon tax replace the income tax?

If the US wanted to finance the federal government entirely thru a carbon tax (or oil tax or gasoline tax), how high a tax rate would be needed to finance the government and replace the income tax and all other revenues? How much would that add to cost of a gallon of gasoline?

April 28, 2010   1 Comment

What is the difference between an income tax and a payroll tax?

What is the difference between an income tax and a payroll tax?

A. Income taxes reduce the demand for harmful goods while payroll taxes don’t affect this demand.
B. Income taxes are collected based on income while payroll taxes are collected based on wealth.
C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
D. Income taxes increase the purchasing power of the government while payroll taxes increase the purchasing power of workers.

March 30, 2010   2 Comments

What is the difference between an income tax and a payroll tax?

What is the difference between an income tax and a payroll tax?

A. Income taxes reduce the demand for harmful goods while payroll taxes don’t affect this demand.
B. Income taxes are collected based on income while payroll taxes are collected based on wealth.
C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
D. Income taxes increase the purchasing power of the government while payroll taxes increase the purchasing power of workers.

December 20, 2009   1 Comment