Archive for the ‘Federal Taxes’ Category
Tuesday, January 12th, 2010
I recently purchased a brand new car. I paid $1280 in sales tax for Michigan. How much additional will I get back in Federal taxes? I make $30,000 a year and I am married and have 2 children. Help me out if you can.
Depends on your tax bracket. If ...
Posted in Federal Taxes | 2 Comments »
Sunday, November 8th, 2009
I am a recent graduate with a degree in Elementary Ed. I did not get a job this year so I am substitute teaching. Federal taxes are not taken out of my pay check. Why is this? Am I going to need to save part of my tiny pay check ...
Posted in Federal Taxes | 4 Comments »
Saturday, November 7th, 2009
Two Trillion Tons
Parody of "16 tons"
Obama got elected, now there is no end;
The Democrats wanna tax and spend,
Tax and spend us into bankruptcy,
With a tax-cheat runnin our Treasury.
You spend two trillion bucks, and what do you get?
No recovery but deeper in debt.
St. Peter better call me fore its too late;
I ...
Posted in Federal Taxes | 25 Comments »
Thursday, November 5th, 2009
We do not itemize our federal taxes. Still we pay $600 more per year in state taxes than in federal.
I live in Indiana.
I live in Taxachusetts.
5.something % income tax
5% sales tax
excise tax on car
1.5 % average tax on real estate owned.
Then there are lost wages due to:
unemployement tax - ...
Posted in Federal Taxes | 3 Comments »
Thursday, November 5th, 2009
Congress Enacts Bigger and Better Home Buyer Tax Credit
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not ...
Posted in Federal Taxes | 25 Comments »