Despite the new tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is a whopping 46.3%. Why? Because Social Security benefits are subject to income tax. Those affected are Social Security recipients who have the good fortune (misfortune?) to be subject to both the 25% income tax bracket and the 85% inclusion rate for Social Security benefits. ...more
Many writers among us are unfamiliar with what a sentence structure corrector is and its capability to aid us to produce high-quality text. Thanks to the internet, we all now practice the art of writing for us to convey our opinions and beliefs and to communicate. If you want to improve the way you write, this brief article will achieve its purpose of getting you on your way to becoming a better writer. Click here for a sentence...more
There are many things to consider after a successful turkey kill. Many hunters choose wild turkey hunting for a variety of reasons. After a successful turkey hunt, you will be faced with a variety of choices. If you are interested in preserving the turkey kill, should you choose a professional taxidermist? Or should you proceed with dressing in the field? Taxidermist or Dressing in the Field – Making the Right Decision The decision between using a taxidermist or dressing your kill in the field depends on what your final goal is. If your final goal is to mount your wild turkey kill, you should not dress your own kill in the field. However, if your goal is not to mount the wild turkey kill, then you should go ahead and dress your kill in the field, especially if the day is not especially cool and you are far from home. What to Do If You Would Like to Mount Your Wild Turkey Kill What if you are planning to mount your own wild turkey kill? If this is your final goal, begin by shopping around for professional taxidermists? Visit all the local professional taxidermists in your area in order to get a feel for their work and prices. Check on their work and prices. Play...more
For the successful trader, the best tax advice is to incorporate.With the proliferation of online stock and option trading, traders are looking for tax advice on the best way to structure their trading business. This especially true for day traders, those people that produce most or all of their income from trading. An individual or sole...more
Bloomberg's Global quarterly survey was polled by over 1,400 Bloomberg subscribers in six continents. New York topped the survey as the hottest place for financial services and it has sustained its supremacy in spite of being severely battered by the credit crisis.Singapore overtook London as the investors' preferred place for doing business....more
Devendra JainIn a vastly populated developing nation, the parallel role of NGOs in public welfare is indispensable. The Income-tax Act, 1961 has recognized the importance of the very concept of charity in the Indian society. The income derived by charitable institutions is exempt under section 10 or section 11. This article discusses certain issues arising out of section 11, which provides exemption to income derived from property held under trust for charitable or religious purposes. The author opines that the law relating to taxation of charitable institutions ought to be simple looking at the noble cause behind the existence of such institutions. He hopes that with the new Income-tax Code likely to be put in place, we will find a simple and non-controversial taxation system for charitable institutions.1. In a vastly populated developing nation, the parallel role of NGOs in public welfare is indispensable. Public charity has reached numerous areas which were untouched by the Government due to bureaucracy or otherwise. In fact, the theory of dan or charity is found even in our mythology where we find instances of Karna or Raja Harishchandra.The Income-tax Act, 1961, has...more
The new Titleist Forged 755 Irons integrate contemporary design elements into the Tour-proven, Titleist® 700 series platform for greater performance and improved playability. Crafted from 410 stainless steel, the new Forged 755 irons...more
Ever want to know how social security tax rates have changed over the years? Let’s start by reviewing how money comes into the social security system. How Money Goes InIt all starts when a parent submits a social security card...more
If you've been thinking about donating a car for a tax deduction and not sure how to go about it, here are some tips you should know. You want to be able to donate the car, truck, RV, boat, motorcycle or other vehicle and get the best tax write-off...more
Its tax time again across America and for most people that means taking time to round up the receipts, W2 forms, and mortgage documents necessary to file with the IRS. It's estimated that more than half of the filers use an accountant...more
If you are working in medical industry or any healthcare clinics, you probably understand the importance of premium quality scrubs no matter if its tops or pants. Some time ago, scrubs were just available in plain colors and were usually white...more
Getting a tax deduction is every tax payer's goal. Luckily, the laws in taxes make it simple and easy to reach this goal. One can decrease taxable income through several tax deductions or lessen tax liability through a range of credits.Here are lists...more