Welcome Guest. Register Now!  


For 2012 Tax Tips For Year 2012.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-23-2012, 07:08 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,400
Blog Entries: 3
Mr President, “7 Tax strategies to boost the Economy” without lowering tax rates for wealthy Americans.

Mr President, here are some “7 Tax strategies to boost the Economy” without lowering tax rates for wealthy Americans.

1.Reduce by 50% the Self-Employment taxes for Small businesses such as Single Member LLC’s or Schedule C Taxpayers whose net income is less than $250,000.

2.Provide Payroll tax relief to small businesses for all new hires for 2 years up to a maximum of 5 employees.

3.Allow small businesses to deduct all new improvements and repairs 100% of 3 years.

4.Eliminate Passive Activity Loss Limitations rules, allow individuals to deduct rental losses and offset against their regular income, especially for taxpayers whose marginal.

5.Offer a section 179 Deductions for New business start-ups and an additional tax credit upto 10% of any start up business that offer any new employment.

6.Start up an Incubation program for new start ups and set up partnerships with local banks and CPA’s to provide financial backing and management advisory services to ensure these start-ups are successful.

7.Establish a Governing body to review feasibility of elimination of State Corporation Taxes. This additional compliance has caused 100’s Millions of dollars to be spent on filing multistate corporate tax returns. Instead, let the Federal Government collect the State taxes through a surcharge and reimburse the respective states.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 10-24-2012, 12:34 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,400
Blog Entries: 3
Of course there are considerably more ideas floating around, but it is important that whatever course of action is taken, the end result should be an increase in employment, an increased tax base and sustained employment and increased economic activity!

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Payroll Tax Cut to Boost Take-Home Pay for Most Workers; New Withholding Details Now Available on IRS.gov Samatg For 2010 1 12-23-2010 07:09 AM
What Tax Stimulus Policy should President Obama pursue to jump start the US Economy? TaxGuru General 3 01-26-2009 09:32 AM
Senator Obama proposes to simplify the tax filing for Middle Class Americans! TaxGuru Democrats 0 07-25-2008 12:06 PM
Which Tax Policies would you want the next US President to implement? TaxGuru Miscellaneous 6 07-21-2008 11:26 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning