The Tax Preparation Blog

Posts Tagged ‘social’

Question: How to pay for US road and bridge repair?

From Yahoo news, “How to pay for US road and bridge repair?
Some lawmakers put a hike in the gas tax on the table, but Bush dismissed the idea on Thursday.”
How about taking from the politicians$$$$$$$$$$$$
Cheffy D…..it is obvious to me that you do not have clue what is going on with an American econmy, wake up!!!!

Answer: Stop raiding the tax money generated from the “gas” tax to build sporting arenas.

US House candidates clash over pellet issue in NH

A former Republican congressman who’s running for his old job defended himself Thursday against accusations by his Democratic opponent that he created a tax credit while serving in the House to benefit a wood pellet company in which he owns stock.

Medical professionals on the tax table

Question: Suppose that GDP in the hypothetical nation of Hermes was equal to $8,730 billion (or $8.73 trillion) in 2005.?

The table below shows the components of aggregate income in Hermes.

Aggregate Income in 2005
(Billions of dollars)

Labor income $5,238
Capital income $2,190
Depreciation $875
Indirect business taxes $439
Net income of foreigners -$23

5.1. In 2005, residents of Hermes who worked abroad earned ___ than foreigners who worked in Hermes.

A. More income

B. Less income

Answer: B.

Editorial Roundup: Excerpts From Recent Editorials

Excerpts from recent editorials in newspapers in the United States and abroad:

Grocery tax back on the table for lawmakers

Question: Did California really just up their income tax by 10%?

I caught a blurb on the news and thought they said the tax increased by 10% out there.
WOW that could really put Ca. in a real pickle when it comes to keeping people there and keeping elected officials in in 2010.
My tenth account……Well I ask because if its true and others heard about it I was interested in their opinion on the matter hence the use of YA to garner said opinion your opinion on the other hand is as always useless and stupid.
P.S. get the turban off your head.

Answer: YES,
Think of it as a forced, interest-free loan to the government (WTF)

“Californians will see a little less money in their paychecks as the result of a tax-withholding plan devised to help plug the state’s gaping budget deficit.

Starting this week, employers must withhold 10 percent more in state income taxes a move equivalent to taxpayers giving the state a $1.7 billion cash advance through next June, the end of the fiscal year.”

“”Beginning on November the first, there will be an additional 10 percent withheld,” said H.D. Palmer, spokesperson for of the Department of Finance.”

“Because the move begins in November, it will have a minimal effect on 2009 tax returns. The effect on future tax returns could be more profound because the stepped-up withholding will remain in effect indefinitely.”

http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story

http://cbs5.com/loca/california.paycheck.withholding.2.1287033.html

Independent
A:~)

Disneyland Resort Update

This is HalloweenTime | Duffy takes DCA | World of ElecTRONica | Resort construction update | This and That…

Speaker Perez Says His Jobs Budget Will Pave the Path to California’s Recovery

Question: any good book/article regarding difference in income tax/vat tax laws of u.k & india?

as am trying to get uk accounting job work.

Answer: im not sure

Let them eat credit

Raghuram G Rajan located the fault lines beneath the economic crisis. Jahangir Aziz peers into the chasm

Tea Party March In Washington

Oil, blood and lower taxes: the billion brothers’ battle against Obama

Oil billionaires David and Charles Koch are among the world’s richest men. Staunch advocates for radically lower corporate and personal taxes, they are bankrolling a concerted and largely under the radar effort to oust Obama and “take back America,” writes Jane Mayer .

Tax Revolt 2009, Fullerton California