How many times can we be taxed on the same dollar and how long are we going to put up with this highway robbery?
This information is taken from a report given at the New York State Senate Republican Conference. Source:SFY 2009-10 Enacted Budget; Analysis of Senate and Assembly Democrat Budget Resolutions; and A Better Choice Budget Campaign — Revenue Raising Options.
LIST of TAX INCREASES is Below. It totals $18.7 billion dollars of increases.
Who do you think ends up paying all that?
If they tax big business, do you think Big Business is going to pass that extra cost to them on to their customers? Of Course.
These are just the newly proposed/enacted taxes for New York State for one year. So many want the government to pay for everything but, who is really paying? Just because something is given any one of the following names or any other name for example, does not mean that it is not an outright TAX:
Categories: 2009 Tax Increases NY, TAXES
| Estate Planning — 2011 and 2012 Present Window of Opportunity | |
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Estate Planning — 2011 and 2012 Present Window of Opportunity |
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Using a Car for Business? Grab These Deductions
If you use a car for business, you get the benefit of tax deductions. There are two choices for claiming deductions:- Deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking, tolls, drivers’ salaries, and depreciation.
- Use the standard mileage deduction and simply multiply 51 cents for 2011 travel (2010’s rate was 50 cents) by the number of business miles traveled during the year. Your actual parking fees and tolls are separately deductible under this method.
Which Method Is Better?
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Top 8 Ways Children Lower Your Taxes
Got kids? They may have an impact on your tax situation. Here are the top 8 things to consider if you have children. More »
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A host of tax provisions enacted in 2001 and 2003 – commonly referred to collectively as the “Bush tax cuts” – expire at the end of the year. While it’s possible that new legislation could extend some or all of these expiring tax provisions, election-year politics make it difficult to predict what action, if any, Congress will take. With that in mind, here’s what you need to know about the major changes that are scheduled for 2011.
Categories: 2011 Tax Changes, TAXES
How would you like your money, Taxable, Tax Deferred or Tax Free?
Over a twenty year period, do you know the accumulating affects of paying taxes on your wealth building ability?
Let’s say you have one dollar. And let’s say you are able to double that dollar every year for twenty years. Do you know how much you would have at the end of the twentieth year?
Answer: $1,048,576.
But that is only if you do not have to pay taxes on that money.
Categories: TAXES, The Power & Impact of Taxes, The Power and Impact of Taxes, VIDEOS
Six Months to Go Until The Largest Tax Hikes in History
July 1, 2010 Contact: Ryan Ellis, ATR Tax Policy Director: rellis@atr.org — Americans For Tax Reform. In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:
Categories: 2011 Tax Changes, Tax Hikes, TAXES
Minimize Taxes For Your Beneficiaries.
Many people feel they do not need a will because their taxable estate does not exceed the amount allowed to pass free of federal estate tax. These assumptions, however, should be reviewed given the current state of change in the federal estate tax laws. The federal estate tax laws in 2009, 2010 and 2011 are vastly different, for the moment and, therefore, it is important to have your will reviewed and updated as necessary this year.
Categories: Estate Taxes, TAXES
W2 Employees — How to Keep More Income
What is the biggest single financial obligation of each person in the USA? Taxes. With all the bailouts, and government spending we can be sure that our taxes will not be being reduced any time soon. W2 workers are taxed before they get their earnings. Then they are taxed every time they spend their earnings as well. Then they think that because they put some money into a qualified plan that is tax deferred, they are saving on taxes, but the reality is they will be paying more on taxes in the future when they try to use their savings. It is like having the choice of paying taxes on the bag of seed now, or paying taxes on the bag of seed and the harvest later on. Which do you prefer? Inflation, the printing of more green backs, is also a tax. We think inflation means the price of goods has gone up because they are now worth more but the reality is that the value of the dollar has gone down, so we have to spend more dollars to buy the same item. This means the government collects more dollars of taxes from us and our income level rises so our tax bracket gets higher so we have to pay more taxes because of that as well. People would be outraged if the government just sent them a bill for the actual amount of taxes they are truly charging them for each dollar they earn. That is why instead, they (the government) have created this hidden system of stealing our money from us, pretty much at gun point), with the threat of jail time if we don’t pay up and people feel powerless to do anything about it. This blog post will be looking at how to increase your net worth by just becoming a part-time home-based business owner, and withOUT necessarily making any more money. But making more is always a good thing, if you know the tax rules. Why own a home-based business? 1. Be your own boss. 2. Capture the power of residual income 3. Be rewarded for business achievements 4. Reap the tax benefits — This is a major major benefit. We all know that the more money we pay in taxes, the less money we get to keep. So let me ask you this, what can give you a better bottom line, a $2000 raise or owning a home-based business? Keep reading and you’ll guess and understand the answer. More »
Tax Strategies — Increase Your Networth By Thousands — WithOUT Making More Money! 
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