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.
I've not found a good explanation of the income tax surcharge
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
n/t
Do good. Be nice. Have fun.
Binker's report on taxes here
http://www.news-record.com/blog/53964/entry/64906
Do good. Be nice. Have fun.
Perdue threatens veto of tax package
Binker reads the tea leaves
Do good. Be nice. Have fun.