Question by kade: Do Americans actually believe that a progressive tax system will lead to socialism? Or is it just the media trying to make them look like idiots? Most of the worlds westerised countries have a progressive tax system. Its a good idea and it works. Best answer: Answer by Galaxie Girl“lead to”? A [...]
Archive for the ‘Tax’ Category
We bought a house in Minnesota last year. Should we be getting a form for property tax deduction purposes?
Posted by Admin on November 3rd, 2011
Question by Minnesota_Slinger: We bought a house in Minnesota last year. Should we be getting a form for property tax deduction purposes? We bought a house last year (our primary residence) in the fall. We bought about halfway through a six-month property tax cycle. (I don’t know how other states are, but in Minnesota, people [...]
Q&A: What does it mean that the federal income tax is a progressive tax?
Posted by Admin on November 3rd, 2011
Question by :Anonymous:: What does it mean that the federal income tax is a progressive tax? What is a federal income tax and what is a progressive tax? What is similar about these two different taxes? Best answer: Answer by VeeveeI think it means…you always have to pay it and they charge what they feel [...]
What’s the difference between tax brakets and progressive income tax?
Posted by Admin on November 3rd, 2011
Question by Edward: What’s the difference between tax brakets and progressive income tax? I see New Zealand uses tax brakets instead of progressive tax, but isn’t it still progressive if it targets different levels of income? Best answer: Answer by stephen_toontax brackets are part of a progressive tax system http://en.wikipedia.org/wiki/Tax_bracket What do you think? Answer [...]
Self employment tax?
Posted by Admin on November 3rd, 2011
Question by sam & jack: Self employment tax? I calculated my expected self employment income for 2006 in January of 2006 and paid $ 1500 in tax for each of the first 3 quarters; then I went on disability (had a baby) and had hardly any income for the fourth quarter (which I didnt plan [...]