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| *The Commerce Journal>>>Other Taxes |
How would you like to keep your whole paycheck ( less any state and/or local taxes)? |
in other words no federal, SS, or Medicare ? Who wouldn't? What is interesting is the answers from those who's agenda opposes the consumption tax. In evaluating the Fair Tax it must be done by comparison to the income tax. Any system that taxes income or property is penalizing achievement, hard work. That is not fair. When tax lobbyists provide "campaign contributions" for loopholes, that is not fair. Source(s): HR-25, The Fair Tax Act of 2007 The "fairtax" has been hashed and re-hashed so many times already here and on other boards with most knowledgeable people being against the fairtax. Take your question to the politics section where it belongs. Not possible. If you're talking about that absurdly high 25% sales tax masquerading as a "Fair" tax, forget it! A great break for the wealthy but a massive tax increase for the middle class. Screw that! Sure, but how then do you propose to raise money to run the government, and how do we supplement our retirement? |
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same as the tax on regular pay in California, 6.2% for social security, 1.45% for medicare, federal and state withholding would be based on W-4 information and amount of income. I've ... The only way she doesn't pay taxes is if her income is low enough so that her standard deduction ($5,350 for a single person for 2007) and personal exemption ($3,400 for 2007) wipe out h... i can answer the why part..they want all the money they can get their filthy hands on..as to how?..my best guess is because the government does what it wants and uses blackmail if you questi... Here is a link to taxes for corporations in NY and a link to the NY Dept of Revenue. For a C corp there is a fixed dollar minimum tax of $100, and for an S corp the fixed dollar minimum t... Hong Kong has a low-rate optional flat tax of 16 percent on personal income. Taxpayers can choose an alternative system with graduated rates, though the top rate in this system is only 17 pe... you need to find a CPA. there are a lot of CPAs in California.... You would need to check with the Australian customs officials.... You file a non-resident return for CA, and a resident return for AZ, you will be taxed in both states on the income that you earned in CA, but AZ will give you a credit for taxes paid to CA.... |
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