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 Post subject: Value Added income Tax
PostPosted: Tue Apr 19, 2011 7:18 am 
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Joined: Mon Apr 18, 2011 10:46 am
Posts: 1
Are the taxes business pass on to consumers really like a hidden Value Added income Tax? It is know that all business taxes are ultimatley passed on to the consumer. Wouldn't that be like a VAT on income tax?


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 Post subject: Re: Value Added income Tax
PostPosted: Fri Apr 29, 2011 10:24 am 
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Joined: Wed Apr 13, 2011 10:26 am
Posts: 5
It is a way for the government to collect money from the user ( end user) of a product. Even merchant services have tax(Part of the Housing Assistance Tax Act of 2008)..


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 Post subject: Re: Value Added income Tax
PostPosted: Mon May 02, 2011 7:48 am 
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Joined: Thu Apr 28, 2011 10:12 am
Posts: 1
How is NJ and Federal Estate and Income Tax handled for annuities and life insurance? Serving as executor - both parents passed in 2005. How is the Estate and Income Tax handled for both New Jersey and Federal returns on Annuities and Life/Term Insurance. Not sure what is taxable as Income and what is taxable to Estate. Also, not sure who pays the taxes, beneficiary or estate on the income tax - assuming there is a income tax liability.


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