How many of us patiently wait for the new year to arrive with expectations of getting tax returns? Would you consider your return as a loan you gave the government? Did they pay you interest? How many of us dread April 15th because we have to pay the government money? And what happens when we owe the government money? They charge us interest...
Read more » Would you lend money to the government???
Would you lend money to the government???
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Don't Overlook These Tax Deductions
Tax time is fast approaching and April 15th will be here before you know it. If you're doing your own taxes, make sure you get all that is coming to you. Check out this article on the most overlooked tax deductions.
Read more » Don't Overlook These Tax Deductions
Tax Demand? A Tax Attorney Could Reduce It
Do you fear looking those brown envelopes with the IRS or Inland Revenue address on it? Do you place them on one side until you’ve summoned the courage to read their newest demand for money? Does the thought of filing your income tax return stress you out unbearably?
Tax laws in most countries are extremely complex and open to interpretation by the courts. Each taxpayer would like to lawfully reduce the taxes he or she pays to the minimal. Even in these times of more easily understood forms there’s still a lot of range for interpretation of tax laws.
Read more » Tax Demand? A Tax Attorney Could Reduce It
Tax favors, IBM, and the murder of Vernon Hunter
As a Lame Duck Congress discusses potential tax increases in December 2010 David Cay Johnston reminds us how the nominal rates mean little - except to ordinary Americans who are employees. For the rich and powerful, those with lawyers and lobbyists, a small tweak in the tax code can make IBM $60 Million dollars richer and put others literally out of business. This case study explains how the real issues in our budgetary crisis relates to behind the scenes and deeply buried lines in the tax code that enrich the connected at the expense of the rest of us.
Read more » Tax favors, IBM, and the murder of Vernon Hunter
Revising the current income tax system
There have been discussions about our current income tax system. The liberals want to increase taxes
on the "rich". Conservatives have talked about a flat tax or national sales tax.
The question is "what is the most fair way to tax the American public?" The liberals think the "rich" should pay more taxes. I personally have 2 problems with this. First the top 1% of wage earners are all ready paying more than their share of taxes.
Read more » Revising the current income tax systemAll Our News
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