Category Archives: taxes
Trump has to copy California’s positive income growth and taxation for other states
California has more money now saved for the rainy days. Sate and federal statistics released as recently as Friday make it clear: California is smoking hot, economy-wise. The state gained 40,300 jobs in June and 461,000 over the year. With a gain of 2.9%, that was the best 12-month record of any large state except Florida, whichContinue reading “Trump has to copy California’s positive income growth and taxation for other states”
Trump’s debt load has increased from $350 to $630 million in just the last year
For 40 years, we have never needed a law to tell presidential candidates to do the right thing by releasing their tax returns.1 But, we have never seen a candidate embrace willful disregard for the truth quite like Donald Trump. Just days away from election day, we do not know the extent of Donald Trump’sContinue reading “Trump’s debt load has increased from $350 to $630 million in just the last year”
Google reveals what people really think about parts of North America
US tax burden, ranked 31 out of 34 OECD countries
Palo Alto comments on land use and sustainability
Federal Gift and Estate Law in 2016 and Beyond
By Mary Randolf For the foreseeable future, the federal estate tax will continue to affect only the richest families in America. Under legislation passed by Congress on New Year’s Day 2013, the estate tax exemption was made permanent at the $5 million 2012 rate, but adjusted for inflation each year. Of course, calling the tax law “permanent”Continue reading “Federal Gift and Estate Law in 2016 and Beyond”
Taxes
If you are using W2, you pay taxes first. In using 1099, you subtract all your expenses and depreciating assets and other deductibles from your income and you pay less taxes. Do not be like Donald Trump, paying zero taxes. We need to support our schools and other infrastructures to build more educated workers thatContinue reading “Taxes”
Where states get their money
1099 is better than W2 for middle class Americans
Many corporations have to find ways to save on taxes. Working Americans can also find ways to save on taxes. Have your own business and/or use 1099 instead of W2. Apple is an example of a smart company. We thank Apple for the many jobs it created. We should encourage more enterpreneurs and job creationContinue reading “1099 is better than W2 for middle class Americans”
USA Rich and poor tax payers, 2010
Middle income and families Middle income and couples contributed more in taxes compared to other income groups. Free education, housing support, child care support, health care access and other family-centered and middle-income centered benefits should be given more to this income group. From these income groups, more than half of the monthly income goes toContinue reading “USA Rich and poor tax payers, 2010”
2010 Tax Statistics in the USA
More women between the ages of 55 under 60 yrs of age worked in 2010 compared to the number of men in the same age group. In both men and women, the top earning age group is between the ages of 46 under 55 yrs of age. Disparity in income between men and women isContinue reading “2010 Tax Statistics in the USA”
Raising capital gains tax , raising credit score and other news
Raising capital gains tax As Obama continues to signal what he will propose during Tuesday’s State of the Union address, senior administration officials said during the weekend that he will call for raising the capital gains rate on top income earners and eliminating a tax break on inheritances. The revenue generated by those changes wouldContinue reading “Raising capital gains tax , raising credit score and other news”
Coming Collapse of the Middle Class with Elizabeth Warren
Coming Collapse of the Middle Class with Elizabeth Warren Coming Collapse of the Middle Class with Elizabeth Warren Elizabeth Warren BENEDICT GOMBOCZ 2. Personal details Personal details Born June 22, 1949 in Oklahoma City, Oklahoma Member of the Democratic Party (since 1996; was a Republican until 1996) Graduate of George Washington University,Continue reading “Coming Collapse of the Middle Class with Elizabeth Warren”