Archive for March, 2008

Why do middle class cons think the estate tax should go. Why are they so deeply concerned for the wealthy?

Friday, March 28th, 2008

TxSup asked: More than 99% don’t pay the tax. 2.6 million die, but only 30,000 pay an estate tax. Most small businesses do not pay.
Average amount paid is between 11 and 14% of the value of the estate, after exemptions, credits and exclusions. Exemption is soon to go to 3.5 million for an individual, 7 [...]

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Does anyone know or have a link that discusses the estate tax/inheritance tax rates in Great Britain?

Wednesday, March 26th, 2008

Willis W asked: Interested in the exemption, if any, and tax rate of remainder of estate when someone dies.Val Pardo

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How can I calculate the savings (tax break) from buying real estate?

Tuesday, March 25th, 2008

Realestatequestion asked: I am told that the interest payments plus the real estate taxes are itemized on Schedule A and deducted from my income.
Are there any calculation tables or programs out there which can figure out my tax bracket and savings?
I would like to figure out how much mortgage and taxes I can afford and [...]

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who pays property tax,the executer of an estate or the tenant?

Saturday, March 8th, 2008

confused asked: when my kids turn 18 they will own the trailer.I pay a lot fee every month.Ex-husband died 3 years ago & made his sister the executive of the “estate”. The tax bill has his name c/o her name with my address.Carmine Poser

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Late on 2006 real estate taxes - if I pay them now, will they be applied to this year’s tax return or no?

Wednesday, March 5th, 2008

im2363 asked: Late on paying my 2006 real estate taxes. If they are paid now (or up until “x” time), can they still be applied to this year’s tax return - or do they have to go on next years’ return?Annamaria Mensalvas

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