Taxes are a part of life for many people. When tax season comes around, taxpayers are often used to organizing their information, filing tax returns and waiting for any tax refunds. But not everyone may underst
Why do people pay taxes? Prospect theory versus expected utility theory. Journal of Economic Behavior and Organization, 64(1), pp.171- 192. http://dx.doi.org/10.1016/j.jebo.2006.08.006Sanjit Dhami, Ali al-Nowaihi, Why do people pay taxes? Prospect theory versus expected utility theory, ...
There are two scenarios in which you have to pay personal income tax. The first involves the Thai tax source rule, which states that if you receive any form of income derived from local sources, regardless of where you are when earning it, you will be obligated to pay taxes on it. This...
The sale of a mobile home involves more than finding a buyer and finalizing the transaction. Tax considerations are significant, especially when determining how the sale impacts your financial situation. Questions like, “Do I have to pay taxes on the sale of my mobile home?” or “If yousel...
While you could wait and pay owed taxes in a lump sum next year, there are some downsides. For one, some people may not have the discipline to set aside the money into a savings account, leaving them short-handed when the tax filing deadline arrives. Secondly, if you don't pay enou...
Taxes are included in the price of the item. For most countries, the carrier will not require a duty fee for delivery. If you wish to return your order, taxes will be automatically refunded at the same time as your order. However, there are exceptions
Many people also have questions aboutestate and inheritance taxeswhen discussing the gift tax. While often grouped together, these are actually two different types of gift taxes: Inheritance tax:This is the tax a beneficiary must pay when inheriting assets from someone who died. There isno federa...
You won’t have to pay a higher tax than those related to the expenses you make with that money and you will be able to solve your problems. Why should I choose a cash-out to refinance? Cash-out refinancing is a perfect idea to cover large expenses you need to make, such as unexpec...
Paying taxes on your taxable interest doesn’t have to throw a wrench in your plans.Even though you do have to pay taxes on this income, most people will only owe a small amount in taxes. That’s because most people just don’t earn much interest on bank accounts....
Per Bylund joins Bob to discuss his new paper at the QJAE, which points out several flaws in the MMT claim that money is valued in order to pay taxes. Per's QJAE article: Mises.org/HAP398a Do People Value Money Because They Need It to Pay Taxes? Video of Do People Value Money Be...