Build Recurring Income

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?

I am going to be receiving ongoing income from my grandfathers estate. I have been told that it is taxable because it is classified as income not an inheritance since it is income earned by the estate since his death. I an trying to get an idea of what tax rate I should expect to pay. I do not know yet exactly how much I will be receiving.

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!~

I've already accumulated about $45,000 in short term capital gains this year. I need to liquidate another $40,000 in stocks or sell part of an inherited IRA which, as I understand, will be taxed as income. Is the tax hit going to be the same either way?

Last year I had taxable income of about $53,000 with next to no capital gains. This year I expect about the same taxable income plus the capital gains.

I lived in two different states during the 2009 tax year. On my federal tax, my 2 incomes are obviously combined. For the state forms, they ask you to enter information entered on the federal return. However, shouldn't I only report the income I earned in that particular state for which state withholding tax was withdrawn? If so, how to I make adjustments when it asks for my federal adjusted gross income?

I lived in two different states during the 2009 tax year. On my federal tax, my 2 incomes are obviously combined. For the state forms, they ask you to enter information entered on the federal return. However, shouldn't I only report the income I earned in that particular state for which state withholding tax was withdrawn? If so, how to I make adjustments when it asks for my federal adjusted gross income?

I have been working in a foreign embassy since 2007 and now that its time to file the taxes I am just wondering if my income can be treated as a foreign income(non-taxable) since i'm paid by a foreign government(for whose embassy i work). Also if it cannot be treated as a foreign income, where should i report it? I receive my salary by check, and since its an embassy they don't give me a W-2 or a 1099.

My retirement income will be approx 60% of my current income. I will not have social security income. My 401K and other savings will add about another 20 to 25. It this realistic?

Serving as executor - both parents passed in 2005. How is the Estate and Income Tax handled for both New Jersey and Federal returns on Annuities and Life/Term Insurance. Not sure what is taxable as Income and what is taxable to Estate. Also, not sure who pays the taxes, beneficiary or estate on the income tax - assuming there is a income tax liability.

How much Income do I need to have in order for me to be considered a financially independent person?
I am over 18, and I need to be financially independent, how much income do I need to earn?