How could a carbon tax replace the income tax?
joesq asked: If the US wanted to finance the federal government entirely thru a carbon tax (or oil tax or gasoline tax), how high a tax rate would be needed to finance the government and replace the income tax and all other revenues? How much would that add to cost of a gallon [...]
What is the difference between an income tax and a payroll tax?
Dina asked: 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 [...]
Do we pay income tax to the state we live in or the one we work in?
britt426 asked: I’ve never really thought of it because I’ve always lived in the state I worked in. I know someone looking to move to Portland,OR (where they have a huge income tax but no sales tax). Vancouver, WA is only a 15 minute drive away, so she’s thinking of moving there (where there [...]
Tax stimulus rebates 2008? What does a disabled or senior citizen need to do to receive it?
trengen2 asked: Does the disabled person need to file a tax return in order to get the tax rebate? He usually doesn’t file income tax in the past, because he only receives disability payments as the only source of income.
