The vigour and welfare are garnishing my paycheck?
hi, 4 years ago i applied for medicaid, when i was pregnant. after she be born, the welfare decided i needed to payback the money.7,000. preventable to say, my paycheck is individual garnished. what iwanted to know is, will they bear my tax return also? not the state check, but the big one?do i hold to worry in the region of this? since the judgement against me is for garnishment?Answers: They probably will take your reimbursement.
WHy would they ask you to pay it put money on -unless you gave them some wrong information... grotesque...
but, yes, they sure can take it.
What is the difference between a progressive tax and regressive tax?
Answers: progressive tax system means higher tax brackets pay out a higher percentage of their income, ie 50%, compared to lower tax brackets where you only pay 20%.
Regressive basically means putting everyone on the same level as in everyone pays 20% or 30% in taxes.
As you can see, a progressive tax system puts the burden of paying taxes solely on the backs of the wealthy.
A progressive tax means that people with higher incomes pay a higher percentage of tax. A regressive tax means that people with lower incomes pay more tax.
Examples:
A hypothetical state income tax charges 3% for people who make less than $20,000 a year, 4% for $20,001-$50,000, and 5% for income over $50,000. That's progressive because the people who make more pay more.
On the other hand, Social Security tax is regressive because it is only charged on wages of $102,000 or less. Someone who makes $20,000 a year pays tax on 100% of his wages. Someone who makes a million dollars a year pays tax on $102,000 (only 10.2%) of his wages.
If I'm Retired next to Pension/social payment, and I startmy own business,will they cut down my monthly SS?
I'm retired and I get a pension/social protection each month. If I start my own business and start making alot of money respectively month from my business, will they cut down the amount of money I get from Social protection or my pension?Answers: Not if you are bygone your full SS age.
Pension:
Once a private pension is contained by payment it cannot be reduced as a result of your income. The one historic exception is if you are receiving a grouping pension and you start working surrounded by a non-union shop in like industry. Payment of your pension can be stopped contained by this case, until you quit that living. The union does not want to nouns your work as a scab. This does not sound close to your circumstances.
Social security
If you own reached full retirement age your profits don't matter. Full retirement age is between 65 and 67 depending on your year of birth. If born previously 1938, it's age 65; if born after 1960, then it's 67; born within between, then it's within between.
If you are below this age your benefits can be cut back if your profits are above about $12,000/year. The cut rear is only until you hit full retirement age.