The Tax Preparation Blog

Archive for the ‘Tax Rates’ Category

This is a Center for Data Analysis Report On Taxes

Abstract: The Economic Freedom Act, proposed by Representative Jim Jordan, would terminate the ineffective Troubled Assets Relief Program (TARP), and substitute a proven way to stimulate the economy: tax relief—from permanent repeal of the capital gains and death taxes to significant reductions in payroll taxes and the top corporate tax rate.

1040A Federal Income Tax Form for 2010, 2011

Question: What is the highest rate of income tax in the USA? Meaning what do top earners pay?

Answer: I rarely have even one drink, but…Tax calculation would make me into a bonefide alcoholic. It takes the brain and turns it into a pretzel so you then run into walls. Since there have been several other circumstances in recent years which have had that affect already, I don’t read it, study it, or care if I know it.

However, I have pulled up a few websites for you to review. They discuss the subject from several angles. Good luck. I hope you find your answer.
PS: The last link has a helpful reference chart.

New treasury distributional table departs sharply from previous treasury methodology: New table understates gains to the top and overstates gains for the … shows gains concentrated at the top …

Taxing the top: Strategies for increasing state income tax revenue without changing tax rates …

The Top Rate of Income Tax Should Be Cut to Zero (Economic Notes) …

Letting the Bush tax cuts expire won’t hurt

One of the great misconceptions in this country is that what happens in Washington determines what happens in financial markets. It’s so simple, convenient, and satisfying to attribute market movements to the President, the Federal Reserve, Congress, the tax code, or some combination of them.

Maine Lowers Income Income Tax Rate from 8.5 to 6.5 Percent

Question: Highest Taxes in US History Under Ronald Reagan?

From 1982-1986, Ronald Reagan presided over a top bracket income tax rate of 50%, the highest in US history. Today, the top bracket tax rate is 35%. Why do Republicans always fault Democrats as being socialists for wanting to raise top bracket income tax rates no more than 5.5-6% (to cover healthcare costs for example)? Why was it not socialism when the GOP saint Reagan was in office?

Answer: Reagan did not have a Republican controlled congress. You know that right? He did get them to lower taxes and it helped the economy grow.

Deans Knight Income Corporation Releases Interim Financial Statements and Management Report of Fund Performance for …

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 12, 2010) – Deans Knight Income Corporation (the “Company”) (TSX:DNC) is pleased to release its interim Financial Statements and Management Report of Fund Performance for the period ended June 30, 2010. T

Political Facts & Information : History of the US Income Tax

Second Cup Income Fund Announces Second Quarter Results and July Distribution

MISSISSAUGA, ONTARIO– – Second Cup Income Fund reported today financial results for the second quarter ended June 30, 2010, and the approval of the July distribution payment. The Fund’s units are traded on the Toronto Stock Exchange under the symbol “SCU.UN”.

Ignatieff would cancel tax cuts to pay for new spending priorities

Connacher’s Proved and Probable Reserves Surpass Half a Billion Barrels

Connacher Oil and Gas Limited announced today that as at June 30, 2010 the 10% present value of its estimated pre-tax future net revenue of its proved and probable bitumen reserves, as evaluated by GLJ Petroleum Consultants Ltd., independent qualified reserves evaluators, , increased 35 percent over year end 2009 values to surpass $2.7 billion as a result of a 32% increase in 2P reserves to just …

Taxing Cow Farts?!