Archive for February 20th, 2010

Tax Blog

For example, does it have to allege that the vehicle was garaged in the jurisdiction of the tax? Or does it just have to allege that the tax collector has reason to believe that the tax is owed and unpaid, without going into details such as what reason the tax collector has for such beliefs?

Tax Blog

I’m studying my notecards about the taxes and I have that written down. Its next to impossible for me to try and find the sentence on that subject in my book as there are a lot of pages on these 2 taxes.

What does it mean that the gift tax is tax excluve, while the estate tax is tax inclusive? Please be specific so I’ll understand.

Bill Nighy video backing Robin Hood tax on banks


Bill Nighy appears in a video backing a Robin Hood tax on banks to raise billions of pounds to fight poverty and climate change. . Follow us on twitter at twitter.com

Tax Blog

“If you paid state and local income taxes in 2007 for a prior year (such as taxes paid in 2007 as a balance due on your 2006 state income tax return), include this amount as other state and local income taxes paid.

Other state and local income taxes: $____”

While filing online, I got an alert here. I did not enter anything in. What exactly is the question asking?

Tax Blog – Tax rebate scam prompts warning

Tax rebate scam prompts warning
People in East Yorkshire are warned to be on their guard against a telephone scammers promising a council tax rebate.

Read more on BBC News

Tax Blog

I am trying to find out a way to compare my current NET income to what I could potentially NET back home. All of the salary comparison websites do not accurately calculate my tax exemption status and cost of living (lower) here in Germany.

My guess is that I’ll need to almost double my salary as I’m not paying most taxes here in Germany. Here’s some more info about my situation.

1. Income tax exemption – I don’t pay US or German income taxes. I’m exempt from both. I’m not paying US state income taxes either. This probably saves me at least 30% every year.

2. Sales taxes – I only pay sales taxes when I eat at a restaurant or shop for groceries on the economy (a german grocery store). I mostly shop at the commissary on base…and they sell everything at cost…you can’t get groceries cheaper anywhere else. All other goods (utilities, clothing, cars, electronics, etc) are tax exempt. I prepay for gasoline (current US national average price without sales tax).

Any suggestions?
I’m not a GS employee (civil servant) or in the military. I work for a private contractor. I file the 2555 with my 1040 every year. My taxable income is just below the allowed amount.

I am paying Social Security and Medicare.
I also have 3 dependents. My wife also works for a private contractor and is tax exempt.
I file EXEMPT on my W4. That way taxes are not taken from my paycheck. That’s what we call exempt status here. Call it what you want. We’re given a 3 month extension to file for being overseas.

The Bush Tax Cuts (Macroecon. in Ecolang.)


Economics and politics of President Bush’s tax cuts.

Tax Blog

If I live in NH which does not have a sales tax and buy an auto in MA which does have a sales tax do I pay MA sales tax or would there be no sales tax due to the fact the car would be registered in NH?

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Tax Blog.

Tax Blog

What is the difference between an income tax and a payroll tax?

A. Income taxes reduce the demand for harmful goods while payroll taxes don’t affect this demand.
B. Income taxes are collected based on income while payroll taxes are collected based on wealth.
C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
D. Income taxes increase the purchasing power of the government while payroll taxes increase the purchasing power of workers.