The Tax Preparation Blog

Posts Tagged ‘federal’

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Question: Which produce higher tax revenues for the Federal Government; Bush tax CUTS or Obama tax HIKES?

Bush Tax cuts of 2001 and 2003

http://www.usgovernmentrevenue.com/#usgs…

http://data.bls.gov/PDQ/servlet/SurveyOu…

RESULTS:
INCOME TAX REVENUE BY YEAR: ( In Billions)
2003 = 925
2004 = 998
2005 = 1,206
2006 = 1,398
2007 = 1,534

WOW.. Now isn’t that Interesting.. How could revenue go UP, when taxes go DOWN ????

ANSWER:

Unemployment rates during same period: ( Going DOWN each year)
2003 = 5.7 to 6.3 %
2004 = 5.4 to 5.7 %
2005 = 4.8 to 5.4%
2006 = 4.4 to 4.8%

Because President Bush CREATED JOBS, that INCREASED the TAX BASE

And he did it with TAX CUTS !!!!!

Answer: OH man the Libs are going to be mad at you! How dare you use facts and history!

Those who do no learn from history are destined to repeat it!

BRIEFLY: April 9

Read about what’s happening in and around Plymouth.

Rich People Don’t Pay Taxes?

Budget 2011 – live reaction and analysis

LIVE: LATEST news as it comes to hand as Treasurer Wayne Swan delivers his fourth Budget – and Julia Gillard’s first as PM.

Partial Differences Subtraction App for iPhone and iPod Touch

Question: Generally what percentage of federal taxes are taken out of your paycheck if you are an hourly employee?

Answer: state withholding depends on your state, federal withholding depends on income, marital status, number of exemptions claimed on W-4. Social security is always 6.2% and medicare is always 1.45%.

I’ve attached a link to a paycheck calculator website, www.paycheckcity.com, that can help give you the info you are looking for.

Bracing for a possible federal shutdown

Marylanders keep wary eye on federal budget talks Marylanders keep wary eye on federal budget talks

Payroll Tax Cut in 2011

Enova Systems, Inc. – Enova FY 2010 Annual Financial Report

Enova Systems, Inc. – Enova FY 2010 Annual Financial Report

Spreadbetting for Beginners UK’s No 1

Question: in california does the percentage of tax taken out of your paycheck differ each time?

I make 15.00hr and last week I worked 25.5 reg hrs and 3.5 ot hrs. i calculated the total taxes taken out (i claim 1 single) at around 17%. this week I worked 40 reg hrs and 21.5 ot hrs and the total taxes taken out this time was almost 28%. BS! I was so looking for a different better number on my check! So does the total taxes percentage differ from paycheck to paycheck depending on what you earn each pay period?

Answer: Yes, it can differ considerably when your hours vary that much.

Robert Rizzo, aide accused of conspiracy in Bell corruption scandal

Former city administrator and his assistant conducted an elaborate plan to conceal benefits and bypass state law by hiding their true pensions, an indictment says. Former Bell City Administrator Robert Rizzo and his assistant spent seven years conspiring to illegally boost their pensions, created fake contracts, secretly increased their benefits and then filed workers’ compensation claims as …

Cold War Kids – We Used To Vacation