State Estate Taxes Knowledge Base
What is the interest rate charged by each state of the US for back real estate taxes owed? If I own a house in each state of the US, and failed to pay my taxes, what interest rate is charged by each state? for example, Connecticut charges 18% interest on back taxes owed in any city or town within the state.
How do i pay NY State real estate taxes after I finish paying off my house? I was usually charged state real estate tax through the bank I had a mortgage with.
Question about state and federal taxes? comparison/contrast between current state and federal taxes that must be considered when planning an estate (e.g., estate taxes, inheritance taxes, death taxes, gift taxes, federal/state income taxes) and any deductions and exemptions that apply to such taxes. Thanks
how do I file taxes on real estate that I own in another state? I share a piece of real estate in another state with my siblings. How do I declare the taxes that I paid last year on my portion of the real estate taxes that we paid on the residence?
Is it possible to get tax money back on your real estate taxes from the state of MN? A friend of mine said that her and her husband do it and are able to cover the second payment due for the real estate taxes. If this is so then how do you go about doing it?
How to amend Fed & State 2007 return to add real estate taxes? I neglected to include about $2000 in real estate taxes on 2007 return. We have someone prepare our taxes but will they charge a hefty fee to amend the 2007 return. How difficult is it for someone with no tax preparation experience to do a Fed and State amendment. Thanks.
Estate Planning: My 73 year old uncle has $1 million dollars in his IRA (lucky dog).? We're trying to figure out how to make the IRA money get taxed the least. If he took all of it out now, what would his tax rate be? He has an annuity of $80,000 per year. When he dies, it would be taxed at least twice, right? Federal taxes, state taxes (he lives in NJ) and also an estate tax unless he dies in 2011 when the estate tax is repealed. Just trying to figure out the smartest way for him to manage his money. Thanks so much!
What would be the Federal and FL state tax liabilities for a 200k estate in Florida? I am to be named sole beneficiary to a small, approximately 200,000 dollar estate, mainly a condominium, in the state of Florida. As sole beneficiary, what can I expect approximately in estate taxes both for the State of Florida and for the Federal Government? Please do not respond by saying "check with a lawyer,accountant,estate planner" or any other answer like that. Just looking for an EDUCATED answer based on current tax laws. Thanks in advance for your help.
I need a resource that will indicate when real estate taxes are due on a state by state basis.? I am not concerned about how each county or municipality calculates the amount, just when they are initialy due, and if they are collected once or twice per year.
If I have an inheritance from out of state, what ineritance and/or estate taxes do I owe to my state? residence is IA
How do I budget for taxes other than Federal, State, Local? What about Medicare, SS, real estate and others? I'm trying to sculpt my budget and am totally confused about the tax portion which is the starting point. I kind of understand and can estimate the Fed/State and Local taxes but do I need to pay medicare and SS taxes on freelance work done as well? Am I missing any other taxes? Any good tips on proper estimating? I am a PA resident with 3 kids. My wife and I file together... THANKS for your time! :o)
Can I claim a loss on my taxes (federal or state) on a Real Estate Condo deal gone bad? I put down 10k on a new construction condo. Before we could close the place flooded and we decided to back out. The builder would only give us back 5k or half the deposit. Is there any way to claim the other 5k I lost when I do my taxes?
When you execute a trust, what state should you do it in? Does it make a difference on estate taxes?
If the CPA and attorneys close an estate and transfer everything and state there are no taxes are they liable? if they come back six years later and say there are? The girls father passed away and they gave her everything and had the father in a bunch of LPs and transferred part to her, but did not transfer the liabilibty. Five days after she passed away they reopened the fathers estate and stated a tax problem and have allowed it to go from $92,000 to over $500,000 with late fees and such. They also state they had nothing to do with it and basically where just going to cover it up until the lady passed away. The tax scheme the father was in helped with a 20% discount on land and timber, but the exemption was 1.5 million and they told the man that when they tranferred $500,000 in value from one LP to his daughter, that he would own no taxes. Best of our knowledge is the taxes should have been about $90 and should have been paid. They have been sitting on it for over two years since they found it. now the law firms lie, but the cpa firm states it was the first firms fault for closing it Relatives have been trying to get the property left to them but they wil not transfer it and still keep letting the late fees grow. They also do not have a tax id number for either estate. I mean is there a law group that handles this kind of stuff as the local attorneys will not touch them and ones employed end up working for the attorney firms which is a conflict of interest. It's like the crooks are all the people that are suppose to be the good guys. By the way the executor has gotten a loan approved to pay the taxes and also tried to sell about 2 million in land for $750,000 and much is missing and he states although in the will it does not exist. The lady had a bad cancer and was in bad shape and taken advatage of and we would like to throw them under the jail. Is there anyone. state Attorney Gerneral states not in their area, FBI same even though interstate wire stuff. So are they liable, the attorney and cpa, who have milked the estate for voer $70,000 in fees unfortunately the judge is sorta in the mix and never ruled agianst them at any time a large firm with connections and any attorney I aproach freaks out when told who they are. Ne I did hire who does something totally different has ended up not being able to sue them because he "does so much work for them", which is strange because originally he was going to do that, but they got to him.
Is accountant required for preparation of Estate Taxes or can I file them myself (state of NY)? i have 3 years of estate taxes done by the CPA and need to do 4 more years. What if I use the 3 that the accountant has already done as a sample and follow that guideline. Would that work? He charges me astronomical amount of money for each year prepared.
Do you pay estate taxes for the deceased plus federal taxes on what the beneficieciers get as regular income? If someone dies and you pay the estate tax to the state on their assets at time of death (say 4%), do the heirs then also pay a federal tax on the amount that they get distributed from the balance of the estate?
As personal repersintive of an estate in michigan.What tax forms need to be filed? Also my brothers estate value was $119.000. No Federal or state tax is do ?And What form do i need to send in giveing me proof of this for probate court.
How do deduct real estate taxes on 1040a? I purchased a home in October, 2007. My monthly mortgage payment includes my county, state, and school taxes (they are placed in Escrow). Apparently my tax payments will be paid out of escrow in April, May and August of 2008. Does that mean that I can not claim real estate for my 2007 return? (At closing, I did have to reimburse the seller for real estate taxes he had already paid up to Dec. 31.)
What are the biggest sources of state funding for schools? What are the biggest sources of state funding for schools? a. excise and severance taxes b. estate taxes and bonds c. sales and personal income taxes d. property tax and state lotteries
how does a state tax a decendents estate.? how do the individual states in the United States tax a persons estate when they die?? is the estate always the one responsible for paying the death tax or is the liability for such tax transfered to the heirs in some states?? what are the differences and types of death taxes (US only) i am referring to a decendents after tax assets such as a bank account,. i am NOT referring to tax advantaged or tax deferred monies such as 401k, 403b, 457plan or a traditional ira
comparison of state taxes virginia v. north carolina? real estate taxes; does either state have income tax? sales tax and on what items?
Do I pay federal income tax on an inherited sum and its gain? We lost our mother last year and she left us some money invested in mutual funds. State estate taxes were paid. The funds were transfered within the brokerage and invested in the same and similar funds under our individual names. They have appreciated about 4% this year. What do we pay taxes on; the original amount AND the gains, or just the gains?
Does anyone know how to figure out Pa. estate taxes? What percentage of the estate must be paid to the state of Pa.? Are there different or "discounted" rates based on how soon after death the tax is paid? (within 90 days?).
What is the New York State luxury tax on real estate? Is there a certain price when you have to pay additional taxes above & beyond the normal rates? If so, how much is it for NY State? Yes, I've already searched the New York State website section on revenue/treasury section. Sadly, it didn't provide the information. Sunny, thanks for the insights. However, do you know if there is a luxury tax on homes over a million dollars. I realize the more home the more taxes you will pay but I'm primarily concerned with the luxury tax.
Where can i find a table or calculator to figure out the maryland estate tax liability? I am trying to figure out how much state estate tax would be due for a maryland couple with a 7,500,000 estate. The federal side is easy but I cannot seem to find a Maryland table. In case anyone is wondering they already have an A/B trust
what is the best state in the united states for low real estate prices and low taxes? besides detroit. i wouldnt want to live in detroit
Is a non profit corporation (church) exempt for real estate transfer tax in the State of Michigan? My church recently split off and sold a vacant parcel of land. The Church is a 503C. Do we need to pay state and county real estate transfer tax on this sale?
Is there a sales tax on real estate in the state of Minnesota? I am selling my property myself to an individual and was unsure of the sales tax issue.
taxes................................? Lets see what taxes Americans pay. Accounts Receivable Tax , Building Permit Tax , Capital Gains Tax , CDL license Tax , Cigarette Tax , Corporate Income Tax , Court Fines (indirect taxes) , Dog License Tax , Federal Income Tax , Federal Unemployment Tax (FUTA) , Fishing License Tax , Food License Tax , Fuel permit tax , Gasoline Tax (42 cents per gallon) , Hunting License Tax , Inheritance Tax Interest expense (tax on the money) , Inventory tax IRS Interest Charges (tax on top of tax) , IRS Penalties (tax on top of tax) , Liquor Tax , Local Income Tax , Luxury Taxes , Marriage License Tax , Medicare Tax , Property Tax , Real Estate Tax , Septic Permit Tax , Service Charge Taxes , Social Security Tax , Road Usage Taxes (Truckers) , Sales Taxes , Recreational Vehicle Tax , Road Toll Booth Taxes , School Tax , State Income Tax , State Unemployment Tax (SUTA) , Telephone federal excise tax , Telephone federal universal service fee tax , Telephone federal, state and local surcharge taxes , Telephone minimum usage surcharge tax , Telephone recurring and non-recurring charges tax , Telephone state and local tax , Telephone usage charge tax , Toll Bridge Taxes , Toll Tunnel Taxes , Traffic Fines (indirect taxation) , Trailer registration tax , Utility Taxes , Vehicle License Registration Tax , Vehicle Sales Tax , Watercraft registration Tax , Well Permit Tax , and Workers Compensation Tax. Not one of these taxes existed 100 years ago and America was the most prosperous nation in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids. , , What the hell happened?
The state of NY holds deed to my house for back taxes, can the fed govt take the deed from the State? I am the executor for an estate where the deceadent owed property taxes and federal income taxes. The state of New York took the deed to the real estate associated with the estate while we are making payments to them for what we owe. My question is that the estate also owes money on back Federal Income Tax. Can the Federal Government take the deed from the state in this instance?
can I deduct a monetary loss from real estate on my taxes? Recently bought a house in California, but am relocating for a job to another state. Because the real estate market is down, I will be taking a loss on my house. Is this tax deductible?
what have cities and counties done with the real estate taxes they have collected? Now that prices and values of homes have fallen, cities, counties and states(?), are scrambling for ways to raise more income (many through higher sales taxes) so they can collect more of our hard earned money and waste it. When values were skyrocketing they collected a virtual windfall of income. Well, what did they do with it?? Did they waste all of that extra income. Cannot the governments not spend and spend and spend?
i am in a lease to own option. The owners are asking me to pay for the real estate taxes.is that legal? I was given 10% beneficial interest. i signed an agreement stating i would be responsible for taxes but not until actual closing when i opt to buy the property, i am still leasing property. Can they charge me for the real estate taxes?
Between the states of Ohio and West Virginia according to the different taxes which state is cheaper to live? Real Estate taxes, home utilities, car insurance, etc....
Does anyone have any experience with tax laws regarding real estate in the state of Illinois? I have moved between 2 locations within 2 years of purchasing a home at the first location. I am aware that in order to avoid capital gains on the profit of the first home, my workplace has to be >50 miles from the previous workplace in order to qualify for the "safe harbor" modification to the capital gains law. I have done so and have moved into our new home (work 52 miles from original work and home is 50 miles from original home). I am currently in the position where I can improve my employment situation. However, it would require me to take another job at a location 30 miles further, for a total of 82 miles from the initial job. I am in the 21st month of the 24 necessary to avoid capital gains, but I don't want to pass up this opportunity. Any insight anyone can provide (e.g. website) would be greatly apprecaited. Thank you in advance! I am not planning on moving my residence. Just my place of employment.
How much do estate taxes cost? An old guy owns a house worth $700,000. How much tax will be due for him? state of massachusetts. 6 kids will inherit. do they pay or does dad's estate pay?
need a web address for county and city taxes for the state of Arkansas.? I need a web address for the State of Arkansas county and city real estate taxes. I am looking for a particular peice of property that may be delinquent in taxes. thank you,
Why do we pay DMV/State/propery/death/estate/capital gains/whatever other taxes other than income or sale tax? Does anyone else think it is a little unfair and stupid that people have to pay fees for their car registration, Driver's License, renewal of said license, everyone has to buy insurance, we have to pay taxes if we win a lottery, we have to pay fees for telephone, we have to pay taxes for gasoline! Things that give us transportation is a way to live, and if you can't pay those, then the government is depriving you from working/survival. When you win a lottery, the government is taking that money as well. I think that is ridiculous. What's wrong with just taking what money you need from sales/earning taxes? Increase/decrease it accordingly, and that will make sure that rich people pay more, poor people pay less, w/e. Taxing random items does noone any good. When you say that we have say in the matter, we have none. (please see my other question on elected government) Actually, in urban transportation, outside of bicycles, cars are the most cost effective mode of transport. If you don't believe, look at the research. I know it doesn't seem right, but it is. And about the lotto... It's about chance. Why do I have to give a share of what I go by luck to the government? If the government wants to take some of that, let them play the lotto. The whole point of it is that you don't have to work for it and you get a whole lot of money. I didn't say eliminated. I said changed to just one form of taxation, so we actually know what we are paying. If you realize how much government takes of your money and spends on random crap that nobody wants, you'd suddenly be very afraid. And we cannot stop them any longer. It is impossible to vote in a politician that will decrease his own power/pay/revenue.
What kind of taxes do think we should pay? Personal income taxes? Social security taxes? Corporate income taxes? Excise taxes? Custom taxes? Estate & gift taxes? State taxes? County/city taxes? Tell me what taxes you think should exist and what taxes you think shouldn't exist.
Real Estate Transfer Tax in New York State NY - To be paid by seller or buyer? I am considering purchasing a home in Nassau County, Long Island (New York State). However, I would like to know if I am supposed to pay the Real Estate Transfer tax, or if the seller of the home is. The house is brand new construction, and we are purchasing it straight from the builder. Thanks.
what is a real estate tax stamp? I live in New York state.? I am refianancing my mortgage, combining 2 loans and was told today I need to have $2500 at closing because of these tax stamps.
What are the general State & Federal tax rates on property/real estate in Southern California? & When are these taxes due? If the rate varies - what are ballpark figures?
Do I pay taxes on money received in an inheritance or does the estate pay. I live in North Carolina.? Do I pay a tax if I receive 10,000.00 from a will or does the estate pay the taxes? If so, how much is the tax rate for federal and state?
I want to know if I can claim cost of home remodel on house in one state after moving to another? We moved from Florida to Tennessee last year. We improved house in florida before selling. We did not live in Florida house for full 24 months so we are being charged capital gains. We were told we could not claim remodeling/repair costs of house in Florida. Also when we moved to TN., after living in it for only a few months,we sold the first home(duplex)we purchased in TN.,to buy a house with a back yard. We were informed by our tax prep lady the duplex could not be counted or we could not claim the loss on the house in Florida due to Tennessee tax laws. Why are we unable to claim the cost of remodel on first house in Florida which includes home remodeling and cost of new water well. Can anyone help to clarify the real estate tax laws in state of Tennessee?
what are the taxes put on estate when one diescalled and how to locate them? we are checking on wisconsin taxes and dont know what the ones they put on your estate when you die are called, what are they called in wisconsin, each state is different
I am the executor on my grandfathers estate. The estate/probate case is still pending. What about taxes? In order to file my taxes this year, will I need to include any additional forms when I file my taxes. Nothing has been sold. I have paid the first part of taxes on the estate in December, 2007, and the other half is due by May 15, 2008. I live in the State of Kansas if that matters. I don't have the money to hire an attorney to ask this question to. Any help would be greatly appreciated. THANKS!!!
Estate tax pub. 706 states - must be filed if gross estate is move than 2 mil. can I not file or pay if less? I am looking at instructions for form 706 which states that if dying in 2006 this form must be filed toif gross estate is more than 2 mil. Does this mean that less than that = no estate tax? (I hope?)
Lowest tax and cost states for retirement, considering taxes, utilities, real estate cost, etc. Please add? as much detail as possible. Taxes to consider would be all taxes, real estate, income, sales.
State of Florida tax law for real estate sales associates? In the state of Florida what are the advantages and disadvantages of a sales associate or broker associate registering as any of the following: Professional corporation Limited liability company Professional limited liability company
My real estate taxes are about $4,000 per year. This includes my municipal or local purpose taxes, county tax , library tax, school taxes, trash collection ..... This is on a 200k single home with an 85 by 200 ft lot. I know the taxes in many areas may be cheaper but ..... including everything ..... what are the taxes you pay on your property .... in your state ???
what are the 3 ways to avoid capitol gains tax for real estate in the state of GA? specifically for flipping houses
Can I claim a loss on my taxes (federal or state) on a Real Estate Condo deal gone bad? I put down 10k on a new construction condo. Before we could close the place flooded and we decided to back out. The builder would only give us back 5k or half the deposit. Is there any way to claim the other 5k I lost when I do my taxes?
Have a question about Pennsylvania "LOCAL" taxes...? Every year we get letters from a 3rd party tax collection agency. I thought that these envelopes were for filing state taxes, I typically do mine online & e-file them. Well apparently it's for a local tax. From what I gather now it happens something like this... I pay 1% of my salary to the town I work in. The township I live in tries to get that tax money back, therefore that's why I need to file yet another tax form. BUT I can't remember filing this form ever. I don't think I'd owe anything since I believe both townships are at 1%. What penalties will I get whacked with? And for the record, these taxes are crazy. I already pay crap loads out between the feds, state, real estate/school tax etc!! Not to mention 6% sales tax on items I buy! AAAGGHHHH! Luckily my employee does withhold these fund, so I did pay towards it.
i need the web address for the state of arkansas, jefferson county, real estate taxe division.Pine Bluff, Ark. I need the web address for the state of arkansas, the city is Pine Bluff, and the county is Jefferson, real estate tax division. I need to check on a peice of property that may be delinquent in taxes. thank you
Tax Question regarding Real Estate Taxes Paid on Property. Thx!? Okay I am 20 yrs old, single, never married, no kids. Washington state resident. I just bought a duplex (resedential real estate w/ tenant) It IS my primary residence and I am suppose to live there although I don't. No one knows that. I work under the table (no tax deductions) so I have no proof of income whatsoever. I pay interest for 2 yrs w/ the mortgage I got. I heard a lot about claiming "tax deductions" on the interest, if I work under the table and possibly will get a second just making under $800 a month and I will claim 0. What will the tax deductions on the property give me? Will I get a bigger tax return? Will they pay me back some of the taxes I paid to the mortgage company? Please explain it to me. I deeply appreciate it. Thank You! Well I do appreciate you honesty. I am a full time college student in order to qualify for financial aid I cannot have a job and I am afraid if I do claim they will make me pay for financial aid which brings me harm because I cannot pay my bills. So I work under the table, I obtained a loan w/ no proof of income called stated income loan (my credit is wonderful) So basically because of my credit I got the loan. I am not trying to lie or cheat, I am not trying to get a easy way out. It was an innocent questions. Thank You =)
Estate taxes.......? My late husband passed away a year ago today, I just received a letter from "my attorney" (after not hearing from him in 9 months) saying that he received a letter from the dept of revenue that I did not file a "Inheritance Tax return on my husband's estate". Do I need to do this?(he also has 3 children-2 out of state) My husband had no will (no money left behind) and my(his- I was not on the deed or mortagage) home is only worth $30.000, my van(also in his name only) about $1500.00 and my only income is a widow's pension from va , so I don't file a tax return, I am young and never owned anything, and this sometimes seems like more hassle than its worth! Will I get in trouble if I don't file one of these? Did someone report this to the IRS for them to come forward about this petty stuff? I live in Pa, please help, will this stuff ever end?? Thank you!
what is a real estate tax stamp? I live in New York state.? I am refianancing my mortgage, combining 2 loans and was told today I need to have $2500 at closing because of these tax stamps.
State (not federal) inheritance tax question? In 2005, I was temporarily living and working in Michigan, but a legal permenant resident of New York, when a person in Florida died. I inherited $5000, which I received later that year, while living in NY and unemployed. I filed a federal 1040, an NY resident income tax return and a MI non-resident income tax return, and reported the income from employment in MI on all three. (I also claimed a credit on the NY return for the duplicate state income tax on the income from MI.) Do I have to report the inheritance to any of the three states, and to which states (if any) do I pay inheritance tax? (Do not worry about the estate taxes due to the federal government; someone else is responsible for that.) dk01237... is wrong. Inheritance is NOT reported on the federal 1040, for example. Bostonia... is probably right about the tax laws. He is wrong about what I knew when I asked the question. I never lived in Florida and was only in Michigan for a few months, so I do not know their laws well. However, this happened two years ago, so I might have known when I filed, and forgotten about it since then.
My dad recently passed. His estate is worth less than 900.000 will I have to pay any tax? I am ahead of estate The major amount of his estate is his pension and will be divided between me and my brothers. I know we will individually have to pay income tax on this but will we have to pay estate tax? The state we are dealing with is Connecticut.
"Is there a real estate transaction tax on a condo sold in Palm beach county, florida by an out-of-state sale? If so, what would be the reasons ? If so, what would be the amount or percent of such a TAX ?? would not this stifle the freedom of the market ?
TAXES this is sad but true? (long but worth the read)? Willys cynical thought for the fugging day; People who love sausage and respect the law should never watch either of them being made! TAXES What Happened? At first I thought this was funny...then I realized the awful truth of it. Be sure to read all the way to the end! Tax his land, Tax his bed, Tax the table At which he's fed. Tax his tractor, Tax his mule, Teach him taxes Are the rule. Tax his cow, Tax his goat, (See Devo & RR you ain't immune! LMAO) Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt. Tax his tobacco, Tax his drink, Tax him if he Tries to think. Tax his cigars, Tax his beers, If he cries, then Tax his tears. Tax his car, Tax his gas, Find other ways To tax his ass Tax all he has Then let him know That you won't be done Till he has no dough. When he screams and hollers, Then tax him some more, Tax him till He's good and sore. Then tax his coffin, Tax his grave, Tax the sod in Which he's laid. Put these words upon his tomb, "Taxes drove me to my doom..." When he's gone, Do not relax, Its time to apply The inheritance tax. Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax (99% of price of cigarettes is tax! I remember they sold for 25 cents!) Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax, Fuel permit tax Gasoline Tax - 42 cents per gallon (I remember 1972 a fawking gallon cost 39.9 cents!) Hunting License Tax Inheritance Tax Interest expense Inventory tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Property Tax Real Estate Tax Service charge taxes Social Security Tax Road usage taxes Sales Tax Recreational Vehicle Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone federal excise tax Telephone federal universal service fee tax Telephone federal, state and local surcharge taxes Telephone minimum usage surcharge tax (WTF is this? You mean if nobody uses the phone I get taxed? Am I the only 1 that's weird to?) Telephone recurring and nonrecurring charges tax Telephone State and local tax Telephone usage charge tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft registration Tax Well Permit Tax Workers Compensation Tax COMMENTS: Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids. What happened??? And I still have to "press 1" for English I hope this goes around the world 10 times....... http://www.willyblues.com/
Politicians and taxes...what do YOU think? What do you think??? Star and pass this along to your voting friends.... be very funny The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money. A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases. A. A billion seconds ago it was 1959. B. A billion minutes ago Jesus was alive. C. A billion hours ago our ancestors were living in the Stone Age. D. A billion days ago no-one walked on the earth on two feet. E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it. While this thought is still fresh in our brain, let's take a look at New Orleans It's amazing what you can learn with some simple division . . Louisiana Senator, Mary Landrieu (D), is presently asking the Congress for $250 BILLION to rebuild New Orleans. Interesting number, what does it mean? A. Well, if you are one of 484,674 residents of New Orleans (every man, woman, child), you each get $516,528. B. Or, if you have one of the 188,251 homes in New Orleans , your home gets $1,329,787. C. Or, if you are a family of four, your family gets $2,066,012. Washington, D.C .. HELLO!!! ... Are all your calculators broken?? Tax his land, Tax his wage, Tax his bed in which he lays. Tax his tractor, Tax his mule, Teach him taxes are the rule. Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirts, Tax his work, Tax his dirt. Tax his tobacco, Tax his drink, Tax him if he tries to think. Tax his booze, Tax his beers, If he cries, Tax his tears. Tax his bills, Tax his gas, Tax his notes, Tax his cash. Tax him good and let him know That after taxes, he has no dough. If he hollers, Tax him more, Tax him until he's good and sore. Tax his coffin, Tax his grave, Tax the sod in which he lays. Put these words upon his tomb, 'Taxes drove me to my doom!' And when he's gone, We won't relax, We'll still be after the inheritance TAX!! Accounts Receivable Tax Building Permit Tax CDL License Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Perm it Tax Gasoline Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges (tax on top of tax), IRS Penalties (tax on top of tax), Liquor Tax, Luxury Tax, Marriage License Tax, Medicare Tax, Property Tax, Real Estate Tax, Service charge taxes, Social Security Tax, Road Usage Tax (Truckers), Sales Taxes, Recreational Vehicle Tax, School Tax, State Income Tax, State Unemployment Tax (SUTA), Telephone Federal Excise Tax, Telephone Federal Universal Service Fe e Tax, Telephone Federal, State and Local Surcharge Tax, Telephone Minimum Usage Surcharge Tax, Telephone Recurring and Non-recurring Charges Tax, Telephone State and Local Tax, Telephone Usage Charge Tax, Utility Tax, Vehicle License Registration Tax, Vehicle Sales Tax, Watercraft Registration Tax, Well Permit Tax, Workers Compensation Tax. STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids. What happened? Can you spell 'politicians!' IT'S NOT MEANT TO BE FUNNY...IT'S SO VERY SAD THIS STATE OF AFFAIRS WE ARE IN.
Have you paid your taxes? Subject: TAX TAX TAX!! Here’s the truth!! At first I thought this was funny...then I realized the awful truth of it. Be sure to read all the way to the end! Tax his land, Tax his bed, Tax the table At which he's fed. Tax his tractor, Tax his mule, Teach him taxes Are the rule. Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt. Tax his tobacco, Tax his drink, Tax him if he Tries to think. Tax his cigars, Tax his beers, If he cries, then Tax his tears. Tax his car, Tax his gas, Find other ways To tax his ass Tax all he has Then let him know That you won't be done Till he has no dough. When he screams and hollers, Then tax him some more, Tax him till He's good and sore.! Then tax his coffin , Tax his grave, Tax the sod in Which he's laid. Put these words upon his tomb, " Taxes drove me to my doom..." When he's gone, Do not relax, Its time to apply The inheritance tax. Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (42 cents per gallon) Gross Receipts Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service Charge Tax Social Security Tax Road Usage Tax Sales Tax Recreatio nal Vehicle Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Taxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Non-recurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids. What the hell happened? Can you spell "politicians!" And.... I still have to "press 1" for English. I hope this goes around THE USA at least 100 times.
How many taxes are enough ? TODAYS TAXES Air Travel Taxes / 911 Funds Accounts Receivable Tax Building Permit Taxes and Fees Capital Gains Tax License Tax & Fees Cigarette Tax Corporate Income Tax Court Fines (indirect taxes) Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing/Hunting License Tax Food License Tax Fuel permit tax Gasoline Tax (42 cents per gallon) Hunting License Tax Inheritance Tax Interest Expense (tax on the money THEY paid tax on already) Access Fees to Parks Water/Cable Bills Marked up 30% by every City Penalties (tax on top of tax) Liquor Tax Local Income Tax Luxury Taxes Marriage License Tax Medicare Tax Property Tax Real Estate Tax Septic Permit Tax Sales Tax Social Security Tax Single Business Tax Road Usage Taxes (Truckers) Recreational Vehicle Tax Road Toll Booth Taxes School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Ttaxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Non-Recurring Charges 911 Tax Telephone State and Local Tax Telephone Usage Charge Tax Toll Bridge Taxes Toll Tunnel Taxes Traffic Fines (indirect taxation) Trailer Registration Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Water craft Registration Tax Well Permit Tax Workers Compensation Tax COMMENTS: Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt; had the largest middle class in the world and Mom stayed home to raise the kids. My solution is a strait sales tax, say 30%, so all can pay for the American dream, equally. This lady down the street gets about $6k a month, from child support, ssi and/or ssd. Total taxes paid about $800 a year in property taxes on her rent. ANY THING that is required by the government, fee's, permit's, that cost money is a tax. Yes there is a well permit tax http://marathon.mi-twp.org/mt_residential_plumbing.pdf
Do we pay enough taxes? Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (42 cents per gallon) Gross Receipts Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service Charge Tax Social Security Tax Road Usage Tax Sales Tax Recreational Vehicle Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Taxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Non-recurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax
Would you support an immediate cut in all taxes to feds and state/local govts?? real estate property taxes slashed to half of they are now. Income taxes cut to half of what they are now, and sales taxes cut to half of what they are now......starting immediately. Tell me what you think would happen or have to happen as a result of this quantum leap...how the USA would be changed.
Owning Real Estate Tax Benefits - Theoretical Question? Let's say, hypothetically, that you are a single male, earn $50,000 gross anually, live in Illinois (state tax implications), and are looking at purchasing a home with a $140,000 mortgage at a 6.25% interest rate. You have about $450 in pre-tax expenses taken out of your paycheck every month, not including government taxes. Your first year you will pay $10,344.05 in interest expense, and $1,640.51 in principal. What are the tax benefits / implications of purchasing this property? Thanks.
Doesnt our government, now infected with the Pelosi/reid regime have enough taxes without wanting more? Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax, Fuel permit tax Gasoline Tax (42 cents + per gallon) Hunting License Tax Inheritance Tax Interest expense Inventory tax IRS Interest Charges IRS Penalties (tax on top oftax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Property Tax Real Estate Tax Service charge tax Social Security Tax Road usage taxes Sales Tax Recreational Vehicle Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone federal excise tax Telephone federal universal service fee tax Telephone federal, state and local surcharge taxes Telephone minimum usage surcharge tax Telephone recurring and non-recurring charges tax Telephone state and local tax Telephone usage charge tax Utility Tax Local to Fed. Isnt it enough? This is only a partial list. None of these taxes existed a hundred years ago. We, at that time, were the most prosperous nation on earth. It's obvious where the liberal welfare and tax and spend schemes have taken us. Look no farther than cut and run and the massive massive pork attached by Ms. Pelosi to protecting our soliders. Simple question here really: When is enough enough, and how can we get the liberal extremists to wake up? I suppose even god loves a liberal for some reason, I just cant figure out why? Let's get it right people OK? John Edwards, pre flip flop, Hillary and other extremists VOTED FOR IRAQ, so its not Bushs war. Next, the only thing Clinton did was to take unjustified credit for the Reagan tax cuts and welfare reform(after four successive vetoes) from the Contract With America. What we "got" from Clinton was an indicted and impeached president and white house character to an all time low. Character is not built through poltical correctness, polls and confiscatory taxes. The pelosi/reid regime, through cut and run should show you that. I think it was said along time ago best, those who dont lean from history are condemned to repeat it. Obvouisly the liberals here are vieing to be first in line. Yes, Im well aware taxes pay for things. The problem is. DO WE REALLY NEED GOVERNMENT INVOLVEMENT IN ALL THE THINGS THEY PAY FOR??? THE SOLUTION WAS SELF REALIANCE LONG AGO, WHY NOT NOW???
Is there serious discussion underway in yr state re: significantly reducing or eliminating state income taxes? I understand this to be the case in both Georgia and North Carolina as these two states attempt to support the continued rapid growth of their economies. Is there any discussion that you're aware of by responsible parties in your state? In my state, NH, there has been a longstanding push to institute an income tax. With Democrats now in charge of both houses of the legislature as well as the governorship, I expect that this effort will continue with renewed vigor. One reason I and many others like me came to this state was because it's in dead-last place in terms of total taxation - personal, corporate, estate, etc. This has resulted in a relatively small state government focused on basic requirements (health, welfare, safety, roads, air & water) instead of the one I had in California that spent most of its time looking for ways to raise more money to spend. The purpose of my question is to identify states that are moving in the right direction in case I decide to relocate. I know some of you disagree with my position vis-a-vis state income taxes. Feel free to express your disagreement. All that I ask is that you keep it civil - otherwise, as per the usual, you will be reported.
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