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 ...
Tax nightmare: What if you can't pay the IRS?
If you ... average interest rate on credit cards is 15 percent, according to CreditCards.com - it may be better to borrow briefly from the government (see below), especially if you'll have additional income coming in soon. When you pay your taxes on ...
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.
What The Top U.S. Companies Pay In Taxes
As you work on your taxes this month, here’s something to raise your hackles: Some of the world’s biggest, most profitable corporations enjoy a far lower tax rate than you do–that is, if they pay taxes ... don’t show any net income tax liability ...
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 ...