How much are taxes going to increase with the massive government spending and the new health care bill?

Question by Vincent: How much are taxes going to increase with the massive government spending and the new health care bill?
It is without a doubt that taxes are going to increase with the new health care bill and the massive government spending going on.

How much do you think taxes are going to increase? Are we going to expect a possible hyper inflation?

Best answer:

Answer by Freedom Wins III
As interest rates rise so will inflation!!! You can’t keep spending and printing money without causing inflation going through the roof!

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Chris Wallace Blows Ron Paul Out Of The Water Over His Ignorance About The Constitution

Fox News Sunday – May 15, 2011 Anchor Chris Wallace comes armed and prepared and obliterates Ron Paul over his ignorance about the Constitution and associated issues such as taxation, social security and medicare. One of the few times a Fox News anchor actually does a good fact-based interview.
Video Rating: 5 / 5

Today on The Daily Brief we look at the following topics: Cure For Baldness: io9.com Lacklustre Jobs Report: www.washingtonpost.com Strip Club Tax Loophole: www.thesmokingjacket.com www.askmen.com
Video Rating: 4 / 5



Cool Taxes images

Some cool Taxes images:

Free tax help for 2012
Taxes

Image by Neighborhood Centers
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Taxi Tax
Taxes

Image by bfishadow
Any taxi trip longer than 3KM (nearly 2 Miles) will be taxed with RMB1. From today, this government charges extra tax on taxi passengers. Shame on you.

For Tax Reasons
Taxes

Image by bornazombie
i did my taxes this weekend…. now i have no skin.



Q&A: Do I pay taxes from the amount sold over the value of property?

Question by jerry: Do I pay taxes from the amount sold over the value of property?
We do not own a home, we rent. We do own property and sold it. How do we know what to base the tax on. Can we take the value of the property and subtract that from the sale of the property and pay taxes on the difference?
What if the property is an inheritance. Is the base the assessed value?

Best answer:

Answer by Molly
Your cost of ‘basis’ in the property is what you historically paid.
If you paid $ 10,000 for it, then that is your basis.

You would take your proceeds from the sale less the basis.

If there were any improvements done to the property, those could be factored into the basis as well.

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Will the IRS intercept your tax refund if you owe back property taxes?

Question by Ihaveaquestion: Will the IRS intercept your tax refund if you owe back property taxes?
If we owe back property taxes for 2007 will our refund from the IRS be taken this year to help pay for the back taxes? Any info would be appreciated!!! Thank you.

Best answer:

Answer by DONNA W
I would say no. Property taxes are owed to your county, not the Federal Government. My husband and I got behind on our property taxes back in 96, and we received letters from our county tax collector, mortgage company and a very nice (cough) lawyer for the mortgage company, but never heard from the IRS. We filed our Federal taxes like always and got our refund as usual. Your State refund, if you file state returns, may get offset, so you may want to check into that with them, but I wouldn’t worry about your Federal refund.

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The Cashless Control Grid

On this LIVE April 15th Sunday edition, Alex Jones discusses the cashless control grid that has been brought to life to control the population, with focus on the latest efforts to tie tax delinquency to travel bans. As the IRS filing deadline looms, Americans may be more under the thumb than ever, if Senate Bill 1813 is passed and the feds are given the power to revoke passports or fail to issue them if back taxes are owed. Meanwhile, the Buffett Rule is exposed as another deception to squeeze the middle class and Nouveau riche while buffering the loopholes for offshore globalist powers who now control the system. Alex further discusses the latest attacks in Afghanistan and takes your calls.
Video Rating: 4 / 5



bill maher on Wallstreet

great points made by bill maher on the economy



Cool Taxes images

Check out these Taxes images:

Tax Day, New York City
Taxes

Image by @superamit
Every year, hundreds of New Yorkers congregate on Tax Day at the 24-hour post office at 34th and 8th Avenue, polishing off their 1040s, filling out their registered mail slips, and sealing their envelopes. The lines snake up and down the cavernous interior of the building and most of the people are more tired than anxious. (With the exception of the few still filling out their forms.)

These are the pics I took last year.

Tax Season Begins
Taxes

Image by OldOnliner
The backdoor of the Jackson Tax Service office on East Grand in downtown Beloit.

I still need to work on paying attention to my fumble fingers and the ISO. Out in snow, with gloves on, I have twice now accidently bumped it up to 1600 and, since my glasses are transitioning to something akin to complete darkness, I don’t even see it until much too late.

[Note to self: These transition lenses have got to go at earliest convenience.]



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Secrets To Retiring To Thailand

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