Posts Tagged ‘Income Tax’

Is there any plan to change the tax laws on Canadian working overseas and Canadian citizenship?

Thursday, January 28th, 2010
tax laws
soebwgt55 asked:


Is it likely that the laws will be changed to require Canadian working overseas to pay income taxes to Canada and provincial governments? Are babies born in Canada to foreigners still Canadian citizens? Anyone affected by the new US laws requiring US citizens working overseas to file income tax?

Caroline

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Posted in Accounting | 1 Comment »

How much can I increase my payroll deductions?

Tuesday, December 8th, 2009
deductions
Urip asked:


How much can I increase my payroll deductions?
I have made an offer on a condo for my very first home purchase. I have always heard people say that you can increase your payroll deductions to get more in your paycheck because of the interest write-off. But how do I determine how much to raise it to without running the risk of having to pay income tax at the end of the year?

Shawn

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Posted in Accounting | 1 Comment »

How high do income taxes have to get before Americans just stop working?

Wednesday, June 10th, 2009
taxes
Rex Feral asked:


If you add up all the taxes you pay now, Fed. Income tax, FICA, Social Security, State tax, City tax, Local tax, Property tax, Sales tax, Gas tax, etc., already most of your income goes toward paying taxes.

What percentage will be too much. Will you work when every penny you earn goes to pay your taxes or will you just say to hell with it all?

Ramon

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Posted in Accounting | 14 Comments »