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”
Tag Archives: income taxes
March 16, 2015 deadline for business structure execution
Unless otherwise indicated, all deadlines related to TAXES are at 11:59:59 P.M. (one second before midnight) local time. See also IRS Publication 509. March 31, 2014 Health care coverage deadline for most uninsured taxpayers to avoid the Affordable Care Act penalties on their 2014 tax returns. November 15, 2014 Start of 2015 open enrollment at the HealthContinue reading “March 16, 2015 deadline for business structure execution”
What would the Federal Reserve do
Economic indicators: SP500, building permit, unemployment, capital goods spending, money supply What would you do with your income and spending this 2015? Contact Connie Dello Buono, helping doctors and business owners reduce income taxes via a business structure and financial strategies. 408-854-1883 motherhealth@gmail.com or conniedbuono@gmail.com
Taxes 2015 – Finance Planning and Financial Strategies coupled with Business structure
Tax Breaks until Dec 2014
Among the biggest breaks for businesses: A tax credit for research and development, an exemption that allows financial companies to shield foreign profits from being taxed by the U.S., and several provisions that allow businesses to write off capital investments more quickly. There is also a generous tax credit for using wind farms and otherContinue reading “Tax Breaks until Dec 2014”
C-corporations for doctors and high net income clients to help reduce income taxes
If you are a doctor or business owner, let us help you with a business structure and financial strategy to reduce your income taxes. C-corporations enjoy their own graduated rates. The first $50,000 of taxable income in the C-corporation is taxed at a 15 percent federal rate versus the top marginal rate of the shareholder (currentlyContinue reading “C-corporations for doctors and high net income clients to help reduce income taxes”
State individual income taxes
TAX RATE RANGE (in percents) Low High CALIFORNIA (a) 1.0 12.3 NEW YORK 4.0 – 8.82 DIST. OF COLUMBIA 4.0 – 8.95 MICHIGAN (a) 4.25 COLORADO 4.63 OREGON (a) 5.0 – 9.9 ILLINOIS 5.0 UTAH 5.0 MASSACHUSETTS (a) 5.20 MINNESOTA (a) 5.35 – 9.85 NORTH CAROLINA 5.8 ALASKA NoContinue reading “State individual income taxes”
Reduce your income taxes as medical practitioner or business owner, deadline is this week for 2014
Procrastination was my son’s excuse for not pushing himself to finish college on time. And I said, the real reason is the lack of goals or ambition to reach your ultimate goal. If your main goal before the year ends in 2014 is to reduce your income taxes as hard working medical practitioner or businessContinue reading “Reduce your income taxes as medical practitioner or business owner, deadline is this week for 2014”
Medical doctors: 2014 tax law changes , impact and financial strategies
How will 2014 tax law changes impact your finances this year and beyond? Although the top marginal tax bracket was increased to 39.6%, most physicians will have their marginal rate (their last dollar of income) taxed at 28% or 33%, depending on your taxable income. Understanding tax brackets Contrary to popular belief, when you earnContinue reading “Medical doctors: 2014 tax law changes , impact and financial strategies”
States with lowest income taxes by Dan Caplinger
At the beginning of 2013, several big federal tax increases hit American taxpayers, including payroll tax climbing back to normal levels and the return of the 39.6% tax bracket, along with surcharges for high-income taxpayers. But several states decided to make tax cuts in 2013, giving their residents a reprieve from higher taxation. Let’s findContinue reading “States with lowest income taxes by Dan Caplinger”