What is a fair income and capital gains tax rate for the rich to pay?
In 2006 the top 2% paid 60% of all income taxes but earned only 30% of the income.
Shouldn't we lower their tax rate to make it more fair?
What is the income guidelines for a habitat for humanity house?
I didn't see it on the website. Is there an income guideline for number of people living in the house compaired to the income, if so what is it (where can I find it)? Thanks!~
What is considered income to a trustee?
I am a trustee of a complex trust as well as the primary beneficiary.
All income is distributed to the primary beneficiary annually.
I received a payment from the trust for reimbursement expenses and for payment of my time as trustee.
Is any or all of this taxable income to me?
Can the trust give me a gift up to $13,000 annually?
Is the reimbursement treated differently than the compensation for services?
Does it need to show on the K1?
Can the trust give a secondary beneficiary a gift without issuing a K1 to the secondary beneficiary?
Thank you. If you have any IRS sources that would be helpful.
My income was $9000 from a pension but not social security, why do I not get a stimulus payment?
This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?