The Tax Preparation Blog

Posts Tagged ‘income tax payers list’

Question: The government pay us for sex…?

again, another title to draw you in.
my topic is social security.
i know someone that never worked, because he could get more money of the governments social security, than he could by working.
shouldn’t anyone that is on social security be forced to work 9-5 cleaning the streets, and go on a job list, and if they get asked to work then they should do, otherwise they lose there money.
how is this fare some people get away taking tax payers money (think of that income tax) for sitting and doing nothing all day.
with regards to the title. have more kids, get more social security money, the population is to much as it is, we don’t need more “5 baby mums” (i add, just for the government money, its fine if you work hard).
1) who cares about the EU laws, why are we even in the EU.
2) don’t get me wrong, i agree with money for the genuine sick, and ill,

Answer: Fine, in theory.
But who decides who is genuine?

Many eager to replace Cuomo as state AG

For months, Attorney General Andrew M. Cuomo has made nary a peep about any job other than the one he has. But a whole lot of Democrats wishing to succeed him think he’s running for governor, and most of them have joined the parade through Buffalo.

Pawlenty on McCain: FNC 10/27/08

Question: how does one avoid paying too much income tax? Is there anything that can be claimed back to avoid extra tax?

what types of investments give you the tax benifit apart from tax free interest on ISA? For the higher rate tax payer, i presume it will be 2.5 times the amount one wants to avoid paying tax of. Please suggest such options and if anything that can be applied retrospectively say for financial year 05-06.

Answer: Retrospectively, pension contributions made before 31 Jan 07 can be claimed as relating to 2005/06, giving a higher rate taxpayer extra tax relief retrospectively. The carry back election must be made at the time of, or earlier than, the pension contribution is made – it will not be effective otherwise.

If pension contributions do not suit you, eg because your money will not be accessible until you are around retirement age, there are limited other options available. Subscriptions for EIS (enterprise investment schemes) or VCT shares can potentially be carried back to 2005/06 where the investment is made by 5 October 2007, so you haven’t got much time left! I do not know how you would go about this – it tends to be a relatively high risk area though so beware!

Safest bet is pensions. Speak to an IFA though – the pension rules are changing this year, I believe the carry back election is still available but you will have to confim that with a professional!

Circle these tax deadlines on your 2010 calendar

Circle these dates on your 2010 calendar if any of the following upcoming tax deadlines apply to you or your business.

Top 2% of Tax Payers will Pay for Obamas New Bloated Budget of $3.7 Trillion?