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| Which Tax Policies would you want the next US President to implement? | |
Jul 10, 2008 - 3:11 PM - by TaxGuru |
The next US President will inherit a myriad of economic problems that will need to be addressed immediately. The President will face a deepening US recession and will be forced to make his number one priority to jump start the US Economy and avoid a prolonged and a deepening recession.
To accomplish this priority, the President will attempt to introduce a new Tax policy to stimulate the US economy. Which of the following Tax Policies above (Poll) should the next President... [Read More] | | | | Which US Presidential Candidate do you think will help the economy the most? | |
Jul 10, 2008 - 2:34 PM - by TaxGuru |
The US Economy is now what most experts have suggested in the midst of a deep recession. Both the US Presidential Candidates have been suggesting a strong economic recovery plan through various Tax Policies and Tax Incentives.
Please indicate whose Tax Policies would be most effective to jump start the US economy and best change the trajectory of the economy to a recovery path.
| | | | Seven Tax Advantages to Hiring Your Spouse in Your Business! | |
Jun 25, 2008 - 4:11 PM - by TaxGuru | Seven Tax Advantages to Hiring Your Spouse
There are 7 tax advantages to hiring your spouse and putting him or her on the business payroll, apart from some of the obvious non-tax related reasons for hiring your spouse. These are listed below as follows;
1.To Qualify for Social Security Benefits
This is pretty obvious in that if your spouse is employed, clearly collecting a salary from your business will increase the spouse’s future social... [Read More] | | | | What are the Tax Policies for each Senator Obama? | |
Jun 12, 2008 - 10:29 AM - by TaxGuru | SENATOR BARRACK OBAMA'S TAX POLICIES
The following are the current tax proposals that are associated with this candidate:
1. With Respect to Tax Cuts
a.Refundable Making Work Pay tax credit of 6.2 percent of earnings up to a maximum of $8,100.
b. Refundable Universal Mortgage Credit of 10 percent of mortgage interest for non itemizers.
c. First-time buyers tax credit for new farmers.
d. Small... [Read More] | | | | What are the top ten factors that trigger the AMT tax? | |
May 28, 2008 - 5:40 PM - by TaxGuru | |
The alternative minimum tax (or AMT tax) is an additional tax that taxpayers have to pay in addition to the regular income tax. The purpose of the AMT tax was to prevent taxpayers with very high incomes from using the available tax loopholes and certain tax credits to either pay no or very little income taxes. Actually the IRS best described the purpose of the AMT tax as an attempt “to ensure that anyone who benefits from these tax advantages pays at least a minimum amount of tax.” Hence,... [Read More] | | | |
