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Asked 12/4/2007
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I want the most from my paycheck I would like a bigger paycheck every payday and a smaller income tax return at the end of the year. I have an eight year old son i will be claiming on my taxes. How do i get the most from my paycheck? they are taxing me to death! |
Answer 1/4 - Submitted 12/4/2007
Answer 2/4 - Submitted 12/4/2007
Oh boy, this is gonna stir it up.
My answer for you is vote for a Republican candidate in the next presidential election. Republicans such as Ron Paul want to lower taxes and to shrink government. By lowering taxes, consumers have more to spend, boosting the economy. When the economy is good, there's more jobs. When there's more jobs, salaries go up because demand for good workers goes up.
Answer 3/4 - Submitted 12/4/2007
You are entiteled to receive a portion of your projected EIC (earned income credit) on your paycheck. Your employer can help you set this up on a w-5. But be aware that you will not get back the big lump sum EIC at the end of the year.
http://www.ci.mil.wi.us/router.asp?docid=5220
http://www.irs.gov/publications/p596/ar01.html#d0e 250
Answer 4/4 - Submitted 12/4/2007
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