The Tax Preparation Blog

Archive for the ‘Tax Charts’ Category

Showdown looms in Harrisburg.

Over coffee and cantaloupe in Horsham on Thursday, an environmentalist beseeched three dozen people to support a tax on natural-gas drillers.

2010 Toyota Camry LE w/ Power Sliding Sun Roof Available for Export or Local Sale

Question: In addition to the federal tax, is there a State tax in Australia? How much is it ?

In Canada, for example, the lowest bracket pays 15% to Federal government and for instance 6% to British Colubmia government. How is it in Australia, and is there any charts I can find comparing different tax rates in different states?

Answer: Income tax is federal

http://www.ato.gov.au/youth/content.asp?doc=/Content/40811.htm

State taxes are for things not income – include a stamp duty on any contract or change of title (buying a car or house).

Local taxes are called council rates – you only pay this if you OWN a home.

ING Clarion Global Real Estate Income Fund “IGR” Declares Monthly Distribution for September

PHILADELPHIA–(BUSINESS WIRE)–The Board of Trustees of the ING Clarion Global Real Estate Income Fund (NYSE: IGR) (the “Fund”), which trades on the New York Stock Exchange under the symbol “IGR”, declared a monthly distribution of $0.045 per share for the month of September 2010. The following dates apply: Ex-Dividend Date Record Date Payable Date September 2010 09-16-2010 09-20-2010 09-30-2010 …

Australian Gold Outlook May 2010

Question: Is our federal revenue really that high relatively, compared to GDP? Are Bush’s tax cuts working?

I was wondering about this… and oddly enough, the Heritage Foundation had just what I was looking for… go figure…

http://www.heritage.org/research/features/budgetchartbook/charts_R/r1.cfm

why were Clinton’s revenues so much higher, adjusted for GDP… if tax cuts are a miracle cure and Clinton didn’t cut taxes? odd?

Answer: Because personal income rose at a greater rate during Clinton’s term.

XFONE Reports Strong Second Quarter Fiber Growth

LUBBOCK, Texas—-XFONE, Inc. announces results for the three and six months ended June 30, 2010. As a consequence of the Company’s sale of its UK and Israeli Divisions, the results from those subsidiaries are reflected as discontinued operations for all periods presented.

2010 predictions/Monetary Base graph made popular by Glenn Beck/ National Debt!!!

Question: Are we getting the right information about tax increases for the wealthy?

The media has been obsessing about President Obama’s plan to roll back the Bush tax cuts for the wealthiest Americans—from 35% to 39.6%—even asking if that makes him a socialist.

But do you know what tax rate the wealthiest Americans paid on the top portion of their earnings at the end of Ronald Reagan’s first term? 50%.

Under Richard Nixon? 70%. Under Dwight Eisenhower? 91%!

Shocking, right? And for all the whining about rolling back Bush’s irresponsible tax cuts, the truth is that Obama’s plan cuts taxes for 95% of working Americans. Further, it closes huge tax loopholes for oil companies, hedge funds and corporations that ship jobs overseas so that we can invest in the priorities that will get our economy back on track.

This chart from The Washington Monthly shows just how absurd Republican complaints about Obama’s budget are. Check it out for yourself:

http://www.washingtonmonthly.com/archives/individual/2009_03/017201.php

Answer: Republicans are swooning over top tax rate increases that are still lower than at almost any time in nearly a century.

The only times the top rates were lower is the decade of the Depression and the recession-heavy 1980’s. Hmmmmm….

Airgas Believes Air Products’ Tactics Designed to Deprive Stockholders of Value

RADNOR, Pa.—-Airgas, Inc. today announced that it has commenced mailing of a letter to all Airgas stockholders regarding the tactics employed by Air Products & Chemicals, Inc. over the past ten months.

Tax Day Tea Party High Interest in ALIPAC and Illegal Immigration

Question: “federal income tax liabilities”?

What exactly is the definition of the term “federal income tax liabilities”? What is this chart indicating? http://s241.photobucket.com/albums/ff319/goldfinch331/?action=view&current=ShareOfFederalTaxLiabilities.gif

Answer: “Federal income tax liability” is the amount (or percentage) of taxes that a person (or people) is responsible for.

The chart indicates, year to year, the % of all federal taxes paid by individuals whose incomes were in the top 20% of all incomes.

Fidelity® Provides Income-Based College Savings Guidelines as Study Shows Parents Projected to Meet Only 16% of Future …

BOSTON–(BUSINESS WIRE)–Fidelity Investments®, a leading provider of 529 college savings plans, today announced the results of its fourth annual College Savings Indicator study, which calculates how prepared parents are to pay for future college costs, whether they save on their own or with a financial advisor. This year’s study showed significant progress in the actions and behaviors of …

Federal Income Tax Withholding Chart for 2009, 2010