The Tax Preparation Blog

Question: Do you agree with libs that America should be just like other nations?

I do. I agree 100% with the libs, America needs to become like other nations. We need to be like Albania during the Hoxha period where every single mosque was shut down and Islam was outlawed; we need to be like Switzerland where every male who is eligible for military service must keep an assault rifle in his home; we need to be like Ireland which has one of the lowest corporate and personal income tax levels on Earth; we need to be like Russia where nationalism, Orthodox Christianity and heterosexual pride are on the rise; we need to be like Saudi Arabia where alcohol and porn are illegal; we need to be like Iran where sexual deviants are executed; we need to be like Monaco where there are no taxes; we need to be like the Cayman Islands where people can do private banking —–yes, libs, I fully agree with you, America needs to get in sync with the rest of the world and do what other nations do!!!!!!!

America —great because of three things: God, guns and get up and go!

Answer: So you want no freedom of religion. Everything you point out is a form of government control with the exception that racist homophobes can run around with guns.

Dori Media Group UK Regulatory Announcement: Trading Statement

TEL-AVIV, Israel–(BUSINESS WIRE)–TRADING UPDATE Tel-Aviv, Israel – January 21, 2011 – Dori Media Group Ltd. (“DMG” or the “Company”), the international media company active in the field of television and new media, with a focus on production, distribution, broadcasting and merchandising of Drama and Telenovela, announces a trading update following the end of the financial year to 31 December …

Free Lunch, Corp Welfare, Bill Moyers and David Cay Johnston

Question: Sales Tax on a New Car from Oregon but live in California?

I am a California resident if i purchase a new car in Oregon where there is no sales tax do i have to pay a sales tax when i register in California? Isn’t there a law or right against interstate taxes?

Answer: this should help with vehicles never registered in cali.

http://www.dmv.ca.gov/vr/newvehicle.htm

Nissan Leaf, the People’s Electric, Ready to Claim Power

The Nissan Leaf has arrived, bringing with it a new era of all-electric transportation. Now, will the charging infrastructure follow?

California’s median home price down 40%; US Dollar in Trouble; Obama’s electric car

Question: Tax preparer course?

I am interested in being a seasonal tax preparer. The H&R block course is 150+ so I was wondering if there was anywhere cheaper of free?

Answer: You can become an “EA” by taking an IRS test. It’s the best credentials for Preparing Tax Returns. You can also represent people to the IRS, like a CPA with “EA” certification. You can do it on your own. However, the block course is pretty reasonable for the training… plus you can get a job. However, the EA certification is much much better.

How to choose the best tax preparer

Not only do you want to protect yourself from trouble with the I-R-S, but you’re also sharing personal information.

Robert Kensington

Question: what was the lowest top federal income marginal tax rate for the wealthiest americans between 1936 and 1980?

How did the U.S. economy do generally during that time span and how much of a budget deficit problem did we have?

Answer: Partial History of
U.S. Federal Income Tax Rates
Since 1913
Applicable
Year Income
brackets First
bracket Top
bracket Source
1913-1915 – 1% 7% Census
1916 – 2% 15% Census
1917 – 2% 67% Census
1918 – 6% 73% Census
1919-1920 – 4% 73% Census
1921 – 4% 73% Census
1922 – 4% 56% Census
1923 – 3% 56% Census
1924 – 1.5% 46% Census
1925-1928 – 1.5% 25% Census
1929 – 0.375% 24% Census
1930-1931 – 1.125% 25% Census
1932-1933 – 4% 63% Census
1934-1935 – 4% 63% Census
1936-1939 – 4% 79% Census
1940 – 4.4% 81.1% Census
1941 – 10% 81% Census

1942-1943 – 19% 88% Census
1944-1945 – 23% 94% Census
1946-1947 – 19% 86.45% Census
1948-1949 – 16.6% 82.13% Census
1950 – 17.4% 84.36% Census
1951 – 20.4% 91% Census
1952-1953 – 22.2% 92% Census
1954-1963 – 20% 91% Census
1964 – 16% 77% Census
1965-1967 – 14% 70% Census
1968 – 14% 75.25% Census
1969 – 14% 77% Census
1970 – 14% 71.75% Census
1971-1981 15 brackets 14% 70% IRS
1982-1986 12 brackets 12% 50% IRS
1987 5 brackets 11% 33% IRS
1988-1990 3 brackets 15% 28% IRS
1991-1992 3 brackets 15% 31% IRS
1993-2000 5 brackets 15% 39.6% IRS
2001 5 brackets 15% 39.1% IRS
2002 6 brackets 10% 38.6% IRS
2003-2008 6 brackets 10% 35% IRS

The lowest rate between 1936 and 1980 was 70%. Today, the top tax rate now is 35% of earnings in excess of $357,701.
In the earlier period, budget deficits were minimal, in the latter, they have been a huge problem.

SunTrust Reports Fourth Quarter 2010 Results

SunTrust Banks, Inc. announced today that solid revenues and further improvement in credit quality resulted in net income available to common shareholders of $114 million, or $0.23 per average common share, for the fourth quarter of 2010. Â This result compares favorably to a net loss of $248 million, or $0.64 per average common share, for the fourth quarter of 2009 and to earnings of $84 …

Paul Ryan Calls for Reaffirmation of the Idea of America