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Archive for the ‘Tax Rates’ Category

This is a Backgrounder On Transportation

Abstract: The 2010 Heritage Foundation report “Wash ington’s War on Cars and the Suburbs” disputed Transpor tation Secretary Ray LaHood’s claims that public transit produces substantial economic benefits, consumes only one-fifth the energy of cars, and saves billions in other costs.

Tax Tips & Advice : How to Deduct the Cost of a Vehicle Used in Business

Question: How many of you would support tax rates like the ones in Australia, state your party.?

Tax rates 2010–11

Taxable income
Tax on this income

0 – $6,000 Nil

$6,001 – $37,000 15c for each $1 over $6,000

$37,001 – $80,000 $4,650 plus 30c for each $1 over $37,000

$80,001 – $180,000 $17,550 plus 37c for each $1 over $80,000

$180,001 and over $54,550 plus 45c for each $1 over $180,000

for those who love sources.

http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm

(Bonus Question)

Do you consider Australia to be Socialist?
@ Malign Cast,

Most of Europe is Socialist. In fact, I’m having a hard time of thinking of one country in Europe that isn’t socialist.
@ Malign

Either you don’t know what socialism is, or you are misinformed. They are socialist. In fact they call them selves, Democratic Socialist.

Study them. Start with France, Denmark, Germany, etc.. which ever one you want.

Answer: Ok… I am an australian..

and to those that question progressive taxes… or to those that think progressive taxes aren’t fair… I have a Question that I wish to direct to you….

Lets take two people.. and for the ease of mathematics.. we will give them simple figures to work out …

Person one earns $10 per day
Person Two earns $100 per day.

A loaf of Bread costs $3.00
A quart of milk costs $2.00

So that ONE loaf of bread costs person one 30% of their daily income
the same loaf of bread costs person one 3% of their daily income

the quart of milk costs person one 20% of their daily income
the same quart of milk costs person two 2% of their daily wage…

If you reason that progressive taxes are unfair and unequal.. DO YOU ALSO think that it is unfair and unequal that people living on the lowest incomes are paying a higher percentage for the STAPLES OF LIFE ??

Yes they are also paying a higher % for non-staples.. BUT that’s another issue and I haven’t really got an issue with that… if you WANT something you have to pay for it..

SOME THINGS however you NEED and is it really fair that poor people actually pay a higher percentage for those things ?

THAT is why a progressive tax IS actually MORE equalising and more fair.. and It works..

trust me , I live here.

As for being socialistic.. well if you consider North Korea to be Democratic because it’s in it’s full title.. then off course we are socialistic…

BUT ….people still can come from nothing and become multi-millionares ….
it’s not socialism in the *DIRTY* sense of the word… BUT I don’t expect many americans to understand that.

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U.S. Master Tax Guide, 2009 $5.50 CCH’s U.S. Master Tax Guide (MTG) provides helpful and practical guidance on today’s federal tax law. This 92nd Edition reflects all pertinent federal taxation changes that affect 2008 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax. The 2009 MTG contains timely and precise explanation of federal income taxes for individuals, partnershi…

Make plans for tax hikes–they’re coming: methods available to accelerate income into 2010 should be considered because the rates may never be this low again.: An article from: Franchising World $9.95 This digital document is an article from Franchising World, published by International Franchise Association on February 1, 2010. The length of the article is 1820 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Make plans for tax …

Just Published: National Underwriter Offers Tax Advisors Expert Analysis of the Impact of the Recently Passed Tax …

Tax and insurance advisors looking for answers on how the new Tax Relief Act of 2010 will impact their clients are finding them in The National Underwriter Company’s just-published Selected Provisions and Analysis of the Tax Relief Act of 2010. Â The proprietary analysis is the only practitioners’ guide in Q&A format that answers the most critical questions asked by clients on insurance, estate …

State Unemployment Tax Rate 2010, 2011

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.

Reforming the US Corporate Tax (Policy Analyses in International Economics) $2.69 The mainstay of federal business taxation, the US corporate income tax, is riddled with distortions and inequities. As a means of taxing the richest Americans—a popular goal—the corporate income tax is a hopeless failure. Many companies pay no corporate tax, and among those that do, the burden is highly uneven. Meanwhile, the richest Americans command income from numerous sources besides corpo…

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: 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.

Incorporating insurance rate estimates and differential mortality into net marginal social security tax rates calculation (Working paper series ; working paper) …

Marginal income tax rates and real economic growth (Research working paper) …

Effective marginal tax rates under the federal individual income tax: death by one thousand pin pricks?(Symposium: What Do We Mean by Taxpayer Relief?): An article from: National Tax Journal $5.95 This digital document is an article from National Tax Journal, published by National Tax Association on September 1, 1998. The length of the article is 3763 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the author…

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