The Tax Questions Blog

Posts Tagged ‘income’

"Tax Form Help" Do You Need Tax Form Help?

Question: How is Income Tax unconstitutional if its written in the Constitution?

Doesnt the definition of "unconstitutional" mean its not in the constitution or constitution specifically says that its not allowed? Under the 16th Amendment, income tax is legal. What do people mean when they say something is Unconstitutional???
if the majority of people hate it so much, why hasnt anyone voted to eliminate income tax? Whats taking so long?

Answer: State income tax is constitutional.
Federal income tax is UNconstitutional because the 16th amendment was NEVER LEGALLY ratified. Meanwhile the FEDS are all laughing at us while wasting our money on caribbean trips and private jets.

C - FEDERAL Income TAX IN US IS ILLEGAL - Ex IRS AGENT INFORMS US ALL - PART 2

Question: im working 16 hours but want to take a second job,will it be worth it or will it get taken off in in tax?

im a single mum with 3 children i work 16 hours for min wage so am im not paying tax .i want to take a second job but i am wondering how it will affect my tax credits.will i be any better off working an extra 15 hours or will it just be taken off my tax credits

Answer: to be sure i would go on the tax credits website and do the 'what i will get' thingy so you have a rough idea of the difference, you don't need to put in all your personal info or sign up, you just put in hours of work, approx wages (base it on min wage at higher hours) kids ages etc and it will work it out
i think you get different rate of tax credits if working over 30 hours so it may well make a difference
but you may get caught up on the trap of working more , paying tax after your set amount for the year, and although your tax credits will change you may not receive much more money for the hours put in
ignore comments from the first reply, you have a job, and do contribute
consider if the time away from your family and home is worth the extra hours and will benefit everyone, your family come first
i am married and have 2 children we both work but still receive tax credits which is a weird set up as they tax my husband and i get it back , weird system our tax

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Question: After you file a tax return, about how long does it take to get your money if done electronically?

And is it easy to do?
And is it completely free?

Answer: That depends. If you are having your refund sent directly to your bank account the IRS says that it will take 7 to 14 days. (I got mine last year in 4 days.) If you're having a paper check sent to your home you should receive it in 2 - 3 weeks.

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Question: I'm getting money from a loan program designed to support new start-ups. Does it count as taxable income?

and it could be forgiven in a period of time if I fulfill certain requirement.

Answer: Not if it is a loan (that you have to pay back) rather than a grant.

You Have no Property Rights, You Own Nothing A4V 1099-OID 1040D Bank Loan Mortgage