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Now here's something with a nice ring to it: Zero percent tax on capital gains. Folks are already planning how to profit when the tax is eliminated for some taxpayers next year, and wealthy people with kids are in the vanguard.
Understanding the tax implications of stock buying and selling is crucial. A working knowledge of basic key concepts will enable the individual investor to make smart decisions with the goal of maximizing profits and minimizing Tax liability.
Obama's plan, announced in a speech in Washington [my note: I read elsewhere the speech was in NY], includes a tax cut of up to $500 per person to offset payroll taxes, a mortgage interest credit for low- and middle-income homeowners and the elimination of income taxes for senior …
If you thought the Flat Tax was a good idea that failed, you're going to utterly love the FairTax.
....Before he celebrates his windfall, the New York Mets fan who emerged from a violent scrum clutching Barry Bonds' record-setting home run ball should probably call his accountant.
Along with the rest of us sinners, of course. Think you'll make it to the Pearly Gates? Better read up on the Bible, sinner. For example : in Deuteronomy 13:6-10, it states :
But new IRS statistics on the taxes Americans pay show that George Bush's tax policies actually soak the rich.
Donald Rumsfeld has made a killing out of bird flu.
A 25% reduction in the Capital Gains Tax has resulted in a doubling of revenue, to $539 bil in 2005 from $269 bil in 2002. This was the exact opposite of what tax cut detractors said would happen when the tax cut was implemented.
Code of Honor
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