What do you like about Singapore's taxes?

Let’s learn what do you like about Singapore's taxes. The most accurate or helpful solution is served by Quora.

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If even giant companies like GE are people in the eyes of the law, why do companies get to not pay taxes (or even get money back) but people almost ALWAYS pay taxes even when they have losses like GE?

Human losses like loosing a job, big medical expenses, etc. How can we actual humans with income from labor be treated the same as the not actual human companies by the IRS?

Answer:

Let's remember, that there is no such actual physical entity called a Corporation. Taxes on any corporation...

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Carl Anthony Jr at Quora Mark as irrelevant Undo

Other solutions

What is the full effect of double taxation?

One could consider taxes like capital gains tax and corporate tax double taxes--the individual already paid income taxes on the money she invested in the asset that produced capital gains (except in special circumstances), and the corporation's dividends...

Answer:

The only double taxation that occurs in your example is the corporate and individual tax paid on corporate...

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Wray Rives at Quora Mark as irrelevant Undo

What are some arguments for taxing carried interest as ordinary income, but not taxing founder's equity the same way?

Let's say I start a company and sell 80% of it to my investors at a million-dollar post-money valuation. A few years later, we sell the company for $2 million. Normally, I'd pay capital gains on this income. But apparently if I classify my activity as...

Answer:

The company founder is in the business of making widgets or websites or something, while the typical...

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Wray Rives at Quora Mark as irrelevant Undo

My boyfriend put me as his dependent on his taxes what to put on FAFSA?

I'm not married, I'm under 24 and have no baby my boyfriend put me as his dependent on his taxes I'm so confused I don't know if I have to put my parents taxes or my ...show more

Answer:

You would have to use whatever taxes were filed that claimed you as dependent. That might help you in...

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Any tax experts? what did my boss mean by "handle your taxes yourself"?

I am a nanny. I've recently started working for a family, 3 months ago. When I asked about taxes, they informed me that I am to handle my own taxes myself and "hopefully if ...show more

Answer:

They are treating you like an independent contractor. You are correct, nannies are household employees...

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What will I make on my paycheck after taxes?

If my gross pay is 558.36 what will I bring home after taxes I like in ky and single. Also if my gross pay is 862.92 a week what will I bring home. Thanks

Answer:

7.65% is withheld for FICA, maybe 1% possibly for a state employee tax you indicate single but did you...

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In the US, we pay taxes to 2 different governments, State and Federal. Is it like that in other countries?

Do citizens of other countries have multiple government entities that they have to pay taxes to?

Answer:

Two? Make that four. We pay taxes to the city or county in which we live, and also them local school...

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Answer:

Here is an overview graph of the general sources of revenue for the government of India.  Wikipedia...

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Viola Yee at Quora Mark as irrelevant Undo

What if I get insurance after March 31st? Will I still have to pay a "fine" when I file for taxes next year?

My wife works full-time at a small business and I have a part-time job which doesn't offer insurance. My wife tried adding me to her insurance, but it would be about $500 a month and we can't afford that. Also, her insurance is going up this year (I...

Answer:

The tax for not having health insurance is calculated monthly. If you get a job with health insurance...

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JP Barela at Quora Mark as irrelevant Undo

What if only one of my parents files for taxes? FAFSA! Please Help!?

Only one of my parents files for taxes, one is a stay at home parent. What do I put in the financial information part of parent 2? Please help. I'm stuck on this section.

Answer:

How is parent #2 able to live? Does parent #1 support parent #2? Commonly, married parents file a joint...

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