Do Canadians Really Pay More Taxes Than Americans?
However, if you make less than $82,000 and do not own a home, you will most likely pay less ... and credits. In Canada, provincial income taxes (except in Quebec) are co-ordinated with the federal tax system and are based on a percentage of federal tax ...
What to Do When You Can't Pay Your Taxes
The good news: Debtors' prisons are a thing of the past and the Internal Revenue Service will not seize your paycheck or bank account on April 16. The key is not to hide your head in the sand if you face a payment ... taxes (and a 10 percent penalty ...
Raising the Social Security Payroll Tax Cap: Solving Nothing, Harming Much
Social Security was designed to provide income support to a relatively small percentage of the population: those who lived beyond the average ... do even less to solve Social Security’s shortfalls: Eliminating the cap while crediting those who pay higher ...
What to Do When You Owe More Taxes Than You Can Pay
If you hire people to do work around ... employment taxes, which includes filing a Schedule H with your federal tax return. But even if you have household employees, filing Schedule H is required only if the total wages you pay them is more than certain ...
What to do if you can't pay your taxes
The average ... you may have heard on late-night TV, the IRS approves only a small percentage of applications submitted to this program. To negotiate a reduction in your debt, it's not enough to show the IRS that you don't have enough money to pay your taxes.