Home › Blogs › James's blog ›

Taxes in brief

Submitted by James on Wed, 07/22/2009 - 9:19pm

Even if you don't agree with Elaine's specific recommendations (though I do) - today's BTC analysis is well worth the read.

Tagged:

Comments

I've not found a good explanation of the income tax surcharge

Submitted by usernamehere on Thu, 07/23/2009 - 6:59am.

Of course, a final bill hasn't been published yet, but what are the loopholes to this?

It's being reported that this is being written as a surcharge for individuals and corporations that have underpaid (withheld) at year end or quarter end.

So, if they've overpaid by that time, it won't apply? It must just be too early. What am I missing?

Is this a corporate tax dodge for those that have accountants/lawyers smart enough to figure it out?

How can a typical individual access this tax break by year/quarter end (increase withholding by employer)?

We all understand how regressive a sales tax is, but just how regressive is this supposedly-somewhat-more-progressive income tax surcharge?

 

I hope Elaine will stop by and answer your questions

Submitted by James on Thu, 07/23/2009 - 8:08am.

n/t

Binker's report on taxes here

Submitted by James on Thu, 07/23/2009 - 8:33am.

http://www.news-record.com/blog/53964/entry/64906

Perdue threatens veto of tax package

Submitted by James on Thu, 07/23/2009 - 1:22pm.

Binker reads the tea leaves