Discussion:Taxation of Illegals
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| Revision as of 18:12, 27 September 2009 Actionbsns (Talk | contribs) (There used to be) ← Previous diff |
Revision as of 18:20, 27 September 2009 Ss-cpa (Talk | contribs) (Instead of a ded) Next diff → |
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| {{ForumReplyPost|UserID=Actionbsns|Date=27 September 2009|Text=There used to be a credit on Schedule A for sales tax paid. There was a schedule to use based on income and the number of exemptions claimed. It went south along with the loan interest deduction. I'm not sure how your suggestion would work, sounds like a lot more bureaucratic paperwork.}} | {{ForumReplyPost|UserID=Actionbsns|Date=27 September 2009|Text=There used to be a credit on Schedule A for sales tax paid. There was a schedule to use based on income and the number of exemptions claimed. It went south along with the loan interest deduction. I'm not sure how your suggestion would work, sounds like a lot more bureaucratic paperwork.}} | ||
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| + | {{ForumReplyPost|UserID=Ss-cpa|Date=27 September 2009|Text=Instead of a deduction for the national sales tax on Schedule A, there would be a credit on the 1040 in the federal tax payments section for the "National" sales taxes paid for the year. The taxpayer would get the credit for what he/she paid and could offset that against the income taxes due. The illegals who don't have TINs would not file income tax returns to get money back.}} | ||
Revision as of 18:20, 27 September 2009
Discussion Forum Index --> Tax Questions --> Taxation of Illegals
| 27 September 2009 | |
| I guess everyone has an idea on this, but I had a thought that I wanted to get others opinions on. What if there were a national sales tax on everything that we purchased in the market. Then when we filed our regular income taxes we each received a credit for the sales taxes paid during the calendar year. The sales taxes we paid would be used to offset the income taxes owed. This would prevent people from not paying throughout the year and prevent illegals from not paying anything at all. Does this make sense as a way to bring illegals into the tax system? The taxpayer could track their actual sales taxes paid by keeping receipts or use a standard amount provided, whichever is higher. When it comes to the earned income credit and the child tax credit, which causes many to not owe any income tax and even get FICA taxes refunded, there can be a similar form W-5 to get the sales taxes refunded through their employer or directly from the government. Has this idea been considered by anyone in Congress yet? | |
Actionbsns (talk|edits) said: | 27 September 2009 |
| There used to be a credit on Schedule A for sales tax paid. There was a schedule to use based on income and the number of exemptions claimed. It went south along with the loan interest deduction. I'm not sure how your suggestion would work, sounds like a lot more bureaucratic paperwork. | |
| 27 September 2009 | |
| Instead of a deduction for the national sales tax on Schedule A, there would be a credit on the 1040 in the federal tax payments section for the "National" sales taxes paid for the year. The taxpayer would get the credit for what he/she paid and could offset that against the income taxes due. The illegals who don't have TINs would not file income tax returns to get money back. | |
