Tax FAQ
 

Proponents Of A Flat Tax Believe That Tax Revenues Can Actually Rise Even When The Flat Tax Is Lower Than Curr?

Question by mike121 | Posted in Other - Taxes

Proponents of a pampas tax believe that tax revenues can actually rise even when the flat tax is lower than current income tax rates. How could this go on and why? What's your position on this issue?

Answer: Many proponents of the unbroken tax start at an income level which exempts minimum wage earners. Dependents are the only changeable exemption. There are no interest payments, house taxes, sales taxes earned proceeds credits or any other deductions. That net amount is subject to a flat tax rate and everyone pays. I like the intimation and feel that the person who earns the most should keep the most. Even in the Communist society those in the know had all the benefits.
 
 

What Is The Impact Of The Marijuana Tax Revenues?

Question by Brittney .M. Kabasta | Posted in Government

I'm doing a credentials for civics and the assignment was what the question is. I need some major help and can you explain what tax revenues are he hasn't explained that to me yet? Thanks for the eschew!
I don't need an opinion about prostitution, I need a very serious answer. I think that Marijuana is very idiotic and should never be juridical as well but I need my A!

Answer: Until marijuana is legalized there will be no tax net income, just major expenditures to keep people locked up for possession etc. The decriminalization of the soporific will result in revenues much like the $billions collected on taxes on other drugs like fire-water and tobacco. The biggest impact will be in reducing the cost of keeping millions of people locked up who should not be. Marijuana is the prime pattern of laws lobbied for by law enforcement people that should never have been passed.

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Tax On Gift
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Tax Preparation Business

 
 

The Opportunity Cost To A City For Using Local Tax Revenues To Construct A New Park Is The?

Question by deanjp | Posted in Economics

The possibility cost to a city for using local tax revenues to construct a new park is the

A) best possibility foregone by building the park.
B) dollar cost of constructing the new park.
C) dollar outlay of the old park.
D) increased taxes necessary to pay for maintenance of the new park.

 
 

Do Federal Income Tax Revenues Pay For Any Government Services?

Question by BiologyBob | Posted in Government

I recently study, "100% of what is collected is absorbed solely by interest on the Federal Debt..."

So, do federal revenues tax revenues pay for any government services and, if so, which government services are funded by federal income taxes?

Answer: What you deliver assign to was a conclusion reached by the Grace Commission on a study done for President Reagan. While the communiqu may have been true at that time, it is not true now.

Let's look at some current facts. In 2007, the IRS nonchalant approximately $1.16 trillion in individual income taxes alone.
http://www.taxpolicycenter.org/taxfacts/ displayafact.cfm?Docid=203
In 2007, the amount of interest paid on the Federal responsibility was approximately $430

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Unemployment And Decresing Tax Revenues In California. What Should California Do To Help The Econ?

Question by HilHilHil | Posted in United States

With rising unemployment and decreasing tax revenues what do you deliberate on the state of California should do to help the economy?
and
Is the Federal Reserve doing everything it can to redress the recessionary gap in the U.S.? If not what should it do, and if yes what is it doing that is correct?

Please help me! thank you guys! :)

Answer: The magnificence of California is unable to help much.

Traditionally the government should spend money and/or demote taxes to help a recession. Since California is bound by a balanced budget, it cannot.

The feds can, and seem to be doing valid that.

Actually, California's geological future is to form an island, not sink in the tons, for the previous poster. It kind of already is doing that.

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Tax On Real Estate
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FBR may collect tax revenues of Rs1,315bn till 30th: IMF

by admin

ISLAMABAD: The Supranational Capital Wealth (IMF) has assessed that the Federal Provisions of Proceeds (FBR) might amass tax revenues in the traverse of Rs1,300 billion and Rs1,315 billion farm June 30 against the end of Rs1,380 billion, it is learnt. The latest returns figures show that the returns majority has calm Rs1,245 billion harrow June 21 and it is still cocky to get near the desired aim by the end of the current month, Asrar Raouf, Associate Enjoin Taxes, FBR told The Rumour. However, another superior certified of the proceeds society said that it would depend upon receipts tax as omnium gatherum through this front would govern the incontrovertible tax solicitation figures. It indicates that the gain shortfall is plausible to be hovering around Rs65 billion to Rs80 billion for the amiable economic year 2009/10, making it unyielding for the commercial managers to keep the economic deficiency butt at 5. Thursday, June 24, 2010....

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