Related Tax Questions
Is the federal income tax a progressive tax or a regressive tax?
A progressive tax is when the government imposes a tax code that allows them to charge higher taxes to those who have a lot of income, while charging a lower rate to those with a lower income. A regressive tax is when the complete opposite happens. The go... Read More
On a repossion can the IRS collect for the bank?
Say for example you buy a car on credit from a dealership. On paper, the bank paid for your car so that makes you a debtor and the bank a...... Read More
Do the mother and father have to alternate claiming the child each year on their tax returns if they
When a married couple who have a child/children split up and file for divorce, the way taxes are done can be a tad tricky. After the divorce, depending...... Read More
If you buy 2 pairs of shoes for $50.00 each and the sales tax is 0.08%, what change will I get back
When you go to the store you should always expect to pay a sales tax on whichever transaction takes place. In the instance in...... Read More
What is the difference between duty and tax?
A duty and a tax are similar in which they are the revenues generated by the government at the state and federal levels in order to...... Read More
How do you file state and federal taxes if you did not file last year?
We are subject to file our taxes at the federal and state level by the April 15th deadline every year. Failure to file and pay causes for...... Read More
If someone lives in Florida and they wish to divorce someone who lives in Tennessee where should the
Divorce is a major thing to do in one's life. Often times it is very expensive and can take serious emotional, physical, and psychological...... Read More
If your car gets repossessed and you choose not to pay for it can they take your tax return?
For most states, no your tax refund cannot be taken away and used as payment of your repossessed car if you decide not to pay for it; however, the lender can...... Read More
What does tax money get spent on?
Tax money is spent on pretty much everything you see around you. It pays for the public roads and highway systems, public and national...... Read More
How do you calculate taxes?
Taxes work in many different ways, and come in many different forms. There are the federal and state income tax, property tax, estate...... Read More
What kind of tax is a poll tax?
A poll tax acts differently than other taxes. Taxes like income tax, sales tax, and others depend on the value of what is being taxed. For...... Read More
Can the entire amount of a state and federal tax refund be taken for child support that is owed?
If you owe a substantial amount of child support dues and have been defaulting on your payments, then the IRS...... Read More