Taxes
Wed, 2010-01-06 11:55 | 
Tags: 
Do stimulus packages do more harm than good?
I found this site the other day www.Stimulus.org which keeps track of all the government stimulus plans and how much has been spent so far. I can't even get my mind around these numbers. I'm not sure they can either as they choose to show the numbers in billions. For example Government Guarantees show $1,809.58 (in billions) which looks much better than $1,809,580,000,000!!!! Our poor children and grandchildren - we need to stop this insanity.
Who Pays Social Security Taxes?
Who pays Social Security taxes? If you work, you do. Social Security and Medicare taxes are withheld from your paycheck, matched by your employer, and sent to the IRS. You and your employer each pay 7.65 percent of your gross salary in taxes, up to a maximum taxable salary of $106,800 in 2009 (up from $102,000 in 2008). This limit usually...
Which Distributions From Mutual Funds Are Not Taxed?
The following in a mutual fund are not taxed: return of capital, earnings inside qualified retirement plans, and (in most cases) the income from municipal bond funds and tax-exempt money market funds. Capital losses may be used as tax deductions.
What Will Social Security And Your Pension Provide?
If you have been working all your life contributing the maximum to the Social Security system, you could receive over $15,000 at your normal retirement age ($24,000 for a couple). Of course, these figures will be adjusted for inflation. If you choose to start receiving your benefits before your normal retirement age, you will receive a reduced benefit. To find out how much you are entitled to...
What Is Subject To Capital Gains Tax?
The capital gains tax is really a tax on the appreciation value that builds up in investments. A capital investment can be a home, a business, artwork, or nearly anything that increases or decreases in value over a period of time. Almost half of all capital gains taxes are...
What Is Included In A Person's Estate For Federal Tax Purposes?
In a word, everything. The size of the probate estate has nothing to do with the size of the gross estate, which is the starting point for determining whether an estate is subject to federal estate tax. The gross estate is reduced by allowable deductions to calculate the taxable estate. Avoiding probate by keeping property out of ...