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Date Posted: 06:07:27 03/29/11 Tue
Author: chris k
Subject: the united States taxing system is based on paying taxes on the amount of money earned during the year - hence why the US calls it income taxes (Verses some countries where you are taxed on your accumulated wealth or assetts)
In reply to: Jam 's message, "Do you have special computer programs for this kind of that that allow you to file your taxes electronically? We have programs over here that you essentially have to feed your numbers into (it will give you options and tell you which numbers it wants next), then it puts it automatically in the right spaces on the forms and you can either submit it by e-mail or print it out and send it over. What kind of programs do you use? And do you have to pay your taxes at once at the end of the year, or do they get deducted automatically from your paycheck?" on 15:50:52 03/28/11 Mon

Okay- if you are employed the employer automatically takes out some money toward your tax debt. How accurate that is depends on your lifestyle.

We get to make many many many deductions for all sorts of things, property taxes, interest payments,raising children, mileage driven, poverty level earnings, etc etc. There are dozens of different forms that can be used. One for general information, one for reporting dividend income, one for reporting rental property income, one for sole proprietorship business, another for automobile records for mileage deductions, etc etc etc.

To fill out all those- there are tax programs. As for where the numbers go - I put those in myself. after I've spent days adding receipts for sales tax, office supplies, repairs, business meals, etc etc etc.

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