Questions tagged [taxes]
Taxation consists of mandatory payments from taxpayers to the state.
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Why there seem to be no strict rules related to non-profit organization "overhead" in the US?
According to Investopedia, an organization can benefit from the non-profit tax status if it satisfies several conditions:
have a purpose within a designated list
an annual exemption form must be ...
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UK budget and the financial services industry
A few days ago the BBC reported https://www.bbc.co.uk/news/business-66897881 on the disastrous mini budget of the Kwarteng/Truss era, and included this:
Economically, the UK has long enjoyed a ...
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Why does no one stand up to protest the strike of Canadian federal officers who are earning about 45% more than average Canadian workers? [closed]
Considering the economic down-trend, most highly educated individuals struggle to find a job. The Canadian federal officiers have the above-average pay, above-average benefits, above average stability,...
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Why do governments provide a tax discount for married couples who don't have children?
It's perfectly clear to me why the government would provide tax discounts for having children: today's kids are future taxpayers and society wants to incentivize having more of them when birth rates ...
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Why doesn't South Korea have a tax treaty with the United States?
https://www.irs.gov/businesses/international-businesses/united-states-income-tax-treaties-a-to-z
The United States has tax treaties with a number of foreign countries.
Under these treaties, residents ...
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Total tax burden on the average American and how has it changed over the years
It is easy to find information on the average amount Americans pay in Federal taxes. It is little more difficult to find out state and local taxes. But we also have a plethora of other taxes, property ...
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How can citizens have a vote when it comes to the deficit spending and paying it back since it is our money? [closed]
How can citizens vote on deficit spending and paying back when it comes to government programs? Including who pays more taxes and where that money goes.
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Why is there dog tax but no cat tax in Germany?
I believe the most two popular pets one can have are either a dog or a cat. In Germany, one must pay for tax when owning a dog (Hundesteuer). However a similar tax doesn't exist for cats, why?
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If the IRS has the info needed to accept/reject tax returns, why do Americans have to file?
A friend of mine had her tax return rejected because one of the numbers she entered didn't match the data the IRS had. This made me wonder, if the IRS has all the data it needs to determine if you ...
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Why not print more money rather than taxes? [duplicate]
To my understanding, printing money devalues the currency because there is now more money in circulation. Now, the purpose of taxes is to absorb money back into the government directly. However, this ...
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Is there a name for a policy where taxpayers decide who gets their money [duplicate]
I was thinking about what the implications would be if everyone still has to pay the same amount of taxes as they do now. But for a portion of their taxes they can decide to give it to specific ...
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If only people with at least $1,000,000 annual income were taxed, what would their tax rate have to be to avoid a drop in income tax revenue?
If personal income taxes were eliminated entirely for anyone with less than $1,000,000 income, there is one flat tax rate for those who are taxed, and corporate income taxes and all other taxes staued ...
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Did classic liberals believe in inheritance taxation and in welfare?
A friend of mine was talking to me about economics and he said that he's a right-wing and believes in a system of welfare, where people must have basic conditions (health, education and security) to ...
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Why were there no objections to the public release of the former US president's tax records at the House Ways and Means Committee meeting?
In the PBS NewsHour's December 20, 2022 video WATCH LIVE: House committee votes on release of Trump's tax returns it appears, if I understand correctly, that there were no objections heard to making ...
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Why does Australia spend $8 billion a year on fossil fuel tax credits?
The Australia Institute recently released a report finding that "Australian fossil fuel subsidies surge to $11.6 billion in 2021-22." Although there are many direct subsidies to the ...
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Which Trump-appointed judge allegedly "sat on the lawsuit for two and a half years" related to Trump's tax returns, and did they really sit on it?
After 00:33 In the CNN video Lawmaker explains what Democrats are planning to do with Trump's tax documents "Rep. Lloyd Doggett (D-TX), who sits on the House Ways and Means committee, explains ...
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401k tax breaks - what is the gain?
There are many countries that do not tax money put away for retirement - such as into a 401K. Why does this make sense?
It is smart to save for retirement, but what does the govornment gain?
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What is the purpose of an inheritance tax when inheritance could be taxed like other income?
Many countries have special laws regarding inheritance taxes. Why would this be treated separately when it could just be taxed equally to all other income?
Suppose Eve normally earns €50,000 per year. ...
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Could a government make so much money from investments they can stop charging taxes?
(Not sure if this should rather be on the Economics SE)
Inspired by the following paragraph from this article.
Singapore — one of only 11 countries in the world with the coveted AAA sovereign rating —...
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Why do government employees pay income taxes?
Government employees' salaries are paid for by taxes levied by the government on the labour income of employees among other. Why do governments not simply pay their own employees tax-free salaries?
I ...
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Why is Russia still allowed to be in United Nations? [closed]
I've seen UN Sustainable Development Goals. They are all worthy of doing and lofty. Countries often impose those goals on the population by introducing regulation.
Meanwhile Russia seems to be against ...
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Why are non-voters taxed?
One of the major criticisms of the British government that led to the American War for Independence was "taxation without representation." Why are people who are not eligible to vote taxed? ...
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How does diplomatic immunity work in the case of a diplomat being a dual citizen of both the host and guest nations?
How would the legal precedence work, and have there ever been any such cases?
For example, let's say that someone was born in the USA (and has citizenship by birthright), but their family moved to ...
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How is lowering taxes "socialist"?
In the current leadership contest for the position of leader of the UK's Conservative party, one of the differences between the two candidates is that Liz Truss is promising to lower taxes while Rishi ...
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Has any government ever implemented a break-even tax policy?
I was reading Strong Towns by Charles L. Marohn Jr. In it, he describes how cities must have revenues that exceed expenses in order to survive. However, in his experience, most people react to the ...
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Does the trust fund have the funds needed to cover the shortfall from a gas tax holiday?
In 1956, the federal motor fuel tax was established, along with a dedicated pool of money for the construction of an interstate highway system. Those gas tax funds go into the "Highway Trust ...
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How is printing money different from taxing people?
From what I understand, printing money gives the government more money while, in time, decreasing the value of the rest of the money in circulation (or reducing how much the value of the currency ...
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Why do property taxes fund schools when only a subset of residents actually use said schools?
I send my children to private school and my elderly neighbors have no children in school. When we look at our property tax bills, we notice that 50% of the money we pay goes to the local county ...
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Can taxes diminish Europe's dependency on Russian oil?
Can (higher) excise taxes, as well as taxes on cars with poor fuel economy, diminish the dependency of Russian oil? What are their advantages and disadvantages?
PS: some believe that natural gas is ...
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Has an income ceiling policy been tried in a free market economy?
Some countries have implemented some very high tax rates, but did any country, in recent history, implement a ceiling on all earnings (wages and capital gains) in an, otherwise, self-regulated market? ...
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Do the USA and France offer tax havens?
'Stolen assets of developing countries must be returned,' PM Imran tells UN panel
Prime Minister Imran Khan called upon the international community to take steps to counter illicit flows of money, ...
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Was UK National Insurance meant to cover all welfare payments from an earmarked fund?
In the UK, National Insurance was introduced as a means of paying for health, welfare and pensions. The original 1911 act created a fund that was paid into by workers, employers and the Treasury and ...
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How does Dubai get its money?
I have seen many claims that Dubai has no income tax. Yet, since the Government of Dubai clearly does spend lots of money, how does money flow to the Government of Dubai?
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What is the rationale of banning proof-of-work instead of highly taxing it?
According to CoinDesk, the vice-chair of the European Securities and Markets Authority (ESMA) suggested that cryptocurrency mining based on proof-of-work should be banned:
Proof-of-work crypto mining ...
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Prior to COVID-19, had any country fiscally targeted unvaccinated individuals?
Upon reading that Quebec may impose a health tax on unvaccinated Canadians, I wondered the following: Prior to COVID-19, had any country fiscally targeted unvaccinated individuals?
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How could Distributed Ledger Technology help the government in tax collection and passport issuance?
From this link, I saw that Distributed Ledger Technology (DLT) can bring the secure functioning for a decentralized database because it is governed by the rule of networks as well as avoiding cyber-...
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Why are new mothers apparently excluded from receiving the 2021 monthly "Advance Child Tax Credit Payments" if they filed taxes last year?
According to this Stack Exchange post, it appears that one cannot get the 2021 monthly "Advance Child Tax Credit Payments" for a child born or adopted in 2021 if they also filed taxes last ...
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How can the way the council tax amount is calculated be changed?
I read recently, but forgot where, that someone is saying that the current system of how council tax is calculated isn't fair, and it should be a percentage of the property value.
I was wondering how ...
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Why are German local authorities taxing DoD employees, despite the protests of the US and of the German federal government?
There's a pretty long Stars and Stripes article on the matter of taxes on some DoD employees in Germany:
The U.S. contends the situation amounts to a treaty violation, but so far American officials ...
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How do businesses operating in multiple countries in the EU account for different tax rates in different countries?
How do all the different European Union countries maintain their different laws while being a part of the Schengen zone?
How much freedom is given to European countries to determine their own tax ...
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How much freedom is given to European countries to determine their own tax rates?
https://taxfoundation.org/top-individual-income-tax-rates-europe-2019/
According to this link, different European Union countries have different tax rates. But don't EU laws and the EU government in ...
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US Crypto Infrastructure Bill: Bad for privacy, but is it meant to generate revenue?
Per my understanding, the main consequence of bill for crypto is that it imposes a tax requirement on proof-of-stake validators, protocol devs etc, to report taxes on people who transact with the ...
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Why are African countries using direct and indirect taxation against their farmers to tax them at a rate twice as high than anywhere in the world?
Why are African countries using direct and indirect taxation against their farmers to tax them at a rate twice as high than anywhere in the world?
I found this in a research paper entitled Why kill ...
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Why did the U.S. government lower the funding of the IRS?
Also needed: better tax enforcement through restored and increased
funding of the IRS. An expert review of data released by the
Congressional Budget Office and the Treasury Department indicates that
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What is the reasoning behind duty free allowances?
Most countries allow travellers (whether visitors or returning travellers) to import stated limits of goods, alcohol and tobacco into the country free of duty and tax.
What is the reasoning behind ...
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Why are the "Single" and "Married Filing Separately" tax brackets slightly different for high earners?
I just noticed a slight discrepancy between the US Federal tax brackets for Single filers and those for Married Filing Separately.
From this Morgan Stanley pdf:
These are identical up to the last tax ...
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Do people without children spend longer time in retirement homes?
This came up when discussing the 'Pflegereform' in Germany. Everyone has to pay a proportion of their income and this tax is used to help pay for the cost of retirement homes for old people. The ...
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What are some mechanisms that can be used by the EU to force countries to abide by a minimum tax rate?
https://nltimes.nl/2021/06/06/netherlands-favor-g7-plan-eliminate-tax-havens
Vijlbrief also said he is working on implementing the agreement as
soon as possible in the EU. The G7 countries all ...
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Biden's goal is 15% minimum tax rate, when Corporate Tax is already higher?
I do not understand the Biden Corporate Minimum Tax Rate proposal. Biden wants to set it at 15% per this article and few others.
However, the minimum corporate tax rate is already 21%. Wikipedia ...
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Is Biden's assumption that the Capital Gains Tax increased on April 28, 2021 an ex post facto law?
The Wall Street Journal recently reported that Biden's budget appears to assume that the capital gains tax increased on April 28, 2021. The article states that whether this is true depends on whether ...
