The Tax Preparation Blog

Posts Tagged ‘california tax chart 2009’

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

This is a Backgrounder On Education

Does Spending More on Education Improve Academic Achievement? Debates about how to improve public Education in America often focus on whether government should spend more on education.

Health Care 2009 – David Wilson, Myra Christopher, Elaine McIntosh

Question: is there a new tax chart for california’s new tax rates? i have an old one from $1-$100.?

i found one but it doesn’t have even amounts. thanks!

Answer: http://www.boe.ca.gov/cgi-bin/rates.cgi

Business headlines: Lajdziak to head Smart for Penske

Penske Automotive Group, the second-largest U.S. auto retailer, named Jill Lajdziak president of its Smart USA unit that distributes Daimler minicars. Lajdziak, former general manager of General Motors’ Saturn division, replaces Dave Schembri, the Bloomfield Hills-based company said Monday. Schembri will shift to Penske’s retail operations.

Union Bullies