Go Back   Financial Center Forum > Forum > Taxes

Reply
 
LinkBack Thread Tools Display Modes
Taxes for minors
Old
  (#1 (permalink))
Senior Member
 
Status: Offline
Posts: 143
Join Date: May 2008
Default Taxes for minors - 05-31-2008

I have two questions for anybody that can answer them. My nephew have had a job since he was 15 and he get a lot of taxes taken out of his checks from work and my questions are "Why are the taxes for minors the same as it would be for people over the age of 18?" and "Why are the taxes so high for everyone?"
   
Reply With Quote
Old
  (#2 (permalink))
Senior Member
 
Status: Offline
Posts: 212
Join Date: May 2008
Default 05-31-2008

I wish I could answer that but I cant.I had the same thing happen.I was working since I was 16.It's just always been that way and it sucks.I was more annoyed with school taxes.Even though you just get out of school if your 18 during senior year you need to pay them.I was ticked with almost 400.00 I had to pay to go to school/work when I was a senior.
   
Reply With Quote
Old
  (#3 (permalink))
Super Contributor
 
Status: Offline
Posts: 83
Join Date: May 2008
Default 06-02-2008

If you claim exempt you will hardly have any taxes withheld and what taxes are taken by the federal and state will almost always be given back on your return.
   
Reply With Quote
Old
  (#4 (permalink))
Banned
 
Status: Offline
Posts: 392
Join Date: May 2008
Default 06-13-2008

actually taxes are taken by the government to use then for defence and protecting our country . but it will be too hard if their collect more from us.i dont this minors wont have any tax law which suggest them to pay money to government.
   
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On





Copyright © 2008 by MoneyCastle, LLC.  All the text, graphics, audio, design, software, and other works are the copyrighted works of MoneyCastle, LLC  All Rights Reserved.  Any redistribution or reproduction of any materials herein is strictly prohibited. The following are the protected Trademarks of MoneyCastle,LLC   All Rights Reserved