I have a COIRA which is a simple IRA and I get life insurance taken out of my check?

Yes, you pay taxes on it, but not a penalty. You did not pay any taxes on the money you contributed to it, so have to pay taxes when it comes out after retirement. A Roth IRA, has no taxes afte...

Americans pay considerably less

it is very much a private bank, otherwise why do governments have to pay interest on their own money? no it is a private bank and is no more federal then federal express. in fact I looked up fed...

Value is $0 after 6 years. The $35,000 has been entirely depreciated. These may not be the exact figures for each year but since you say a 20% rate it will have a 5 year expected life which actuall...

If one got $50,000 in equal weekly increments and the other got $50,000 in a lump sum and their situations were otherwise identical, they would pay the same amount of tax. The withholding amounts ...

What country are you in? If it's the US, basically if you don't work, you don't have any income, therefore you have no need to file taxes. How do you support yourself and two kids wi...

The terms "monetary policy" and "fiscal policy" mean the same thing. Your proposed actions are simply 2 different examples of monetary or fiscal policy. Bear in mind that in...

A. The penalty owed is 7.5% ordinary interest and the bill is 74 days late. (19 days in December, 31 in January and 24 in February) So to calculate the penalty you take .075 (7.5%) and divide it...