T.R | Title | User | Personal Name | Date | Lines |
---|
3958.1 | | QUARK::LIONEL | Free advice is worth every cent | Mon Jun 26 1995 16:35 | 4 |
| Are you sure it's not because you failed to file form 2441 for DCRA? HCRA
doesn't show up on the W-2 at all, I believe.
Steve
|
3958.2 | Support Bill Archer's proposal | DPDMAI::EYSTER | Livin' on refried dreams... | Mon Jun 26 1995 16:53 | 1 |
| Wonderful argument for a national sales tax, isn't it?
|
3958.3 | | QUARK::LIONEL | Free advice is worth every cent | Mon Jun 26 1995 17:54 | 3 |
| No. It might say something for a flat income tax, though.
Steve
|
3958.4 | Yes | DPDMAI::EYSTER | Livin' on refried dreams... | Mon Jun 26 1995 19:15 | 28 |
| > No. It might say something for a flat income tax, though.
Yes. Although I think the flat income tax would be an improvement over
the current 20,000 page mystery we currently have, a flat income tax
still requires reporting of income and doesn't tax the profits of the
black marketeers (ie: drug dealers, runners, etc.). Mobil Oil, in
recent congressional hearings on tax overhaul, submitted as evidence
their 76 volume, 19,000 page return that cost $10 million to compile
and took 56 man-years to create.
I believe the majority of states already have collection means set up
for sales tax, thus the infrastructure is already there and the
requirement for a different Federal structure to serve the same purpose
is negated (read: big cost savings). Also, remember that our current
lovely system started as a flat percentage, no deductions, on high
income only. I have faith the average pol can muck up anything more
complicated than a stick.
Adjustments to a sales tax code would be limited to:
percentage
items excluded (food and medicine in most states, clothing in others)
items taxed at different percentages (currently tires, for example)
Current efforts to implement a national sales tax also involve repeal
of the 16th Amendment. No tears there.
Brent
|
3958.5 | I appear to be OK... | POBOX::CORSON | Higher, and a bit more to the right | Mon Jun 26 1995 20:50 | 14 |
|
This could be its own Notes file; ie. MADHELL::TAXES.
For the most part, I pay taxes as an alternative to big legal fees,
or jail.
The question about the HCRA is very interesting and sent me back to
my tax forms. Can't find a notation anywhere. Must be the Dependent
stuff, 'cause it isn't Health.
I'm I lucky, or just something else???
the Greyhawk
|
3958.6 | | QUARK::LIONEL | Free advice is worth every cent | Mon Jun 26 1995 22:29 | 5 |
| I looked at my W-2 - box 11 was empty. Box 10 has the DCRA amount, and
you must file a form 2441 if you want to avoid taxes on the part (or
all) you spent on dependent care. I see no entry at all for HCRA.
Steve
|
3958.7 | | CSC32::K_MEADOWS | | Tue Jun 27 1995 13:19 | 10 |
| And don't forget that the first year it was available at DEC it was not
for the whole year. Unfortunately, I don't remember if this was 1992
or not.
Also, if you or other parent did not earn more than what was spent on
child care, it is not deductible.
definitely get a tax advisor on it. Maybe you just need to file an
amended return.
|
3958.8 | tax question | MSBCS::HURLEY | | Wed Jun 28 1995 10:35 | 5 |
| I have a question about Dcra. This year I changed my deductions from
$4800 taken out to $3000. Some things have changed since January and it
looks like my day care bill will be about $4000 for the year. Since I'm
in the dcra program will I be able to deduct the $1000 differance on
my taxes?
|
3958.9 | | IP$16.65.80.19::S_WATTUM | Hell Bent | Wed Jun 28 1995 10:53 | 6 |
| Re .8
Take a look at form 2441 - that will tell you everything you want to
know.
--Scott
|
3958.10 | | QUARK::LIONEL | Free advice is worth every cent | Wed Jun 28 1995 11:30 | 9 |
| Re: .8
Generally, the answer is "no". The only exception would be if you were at all
eligible to claim the partial deduction for dependent care, but I think with
the $3000 DCRA deduction already, you're ineligible (and even at best you'd
be able to deduct 20% of the overage.) Do look at form 2441 to see how it
would work out for you.
Steve
|
3958.11 | | MSBCS::HURLEY | | Wed Jun 28 1995 17:49 | 1 |
| ok I'll look at form 2441. Thanks for the advice.
|
3958.12 | | LEEL::LINDQUIST | Pluggin' prey | Wed Jun 28 1995 18:22 | 4 |
|
You might be able to get the form from:
http://www.ustreas.gov/treasury/bureaus/irs/irs.html
|
3958.13 | | NETCAD::THAYER | | Thu Jun 29 1995 13:10 | 7 |
|
RE: .8
With a change in family circumstances (job, marriage/divorce,
etc.,) you are allowed to adjust your DCRA contributions.
John
|