Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
From the 1950s to the 1970s, homeownership and personal incomes grew--and so did tax rates and the increasingly complex tax code. Americans looking to reduce their liabilities turned to experts for advice on how much to donate to charity and what to claim as a business expense. By 1978, H&R Block was responsible for 1 in 9 returns; today the rate is 1 in 7. While many returns are prepared by employees at storefront-shops who take a short training course, there are some 400,000 certified public accountants in the U.S., who have passed a uniform test...
Despite worries that the current recession may prompt Americans to save on fees and file their own taxes come April 15, more people than ever are going into accounting--some 60,000 now earn accounting degrees annually. The green-eyeshade brigade may even benefit from tax changes in the recent stimulus package. Such updates are always followed by confusion, a boon for tax experts...
Since the new administration took office, Republicans have been seemingly bereft of ideas for fixing the economy. House Speaker Nancy Pelosi may not have been as nurturing of bipartisanship as some would have wanted in finalizing the stimulus bill in the House, but the final product included enough tax breaks to warrant support from a significant portion of the Republican caucus. That only three Republicans between the House and Senate voted in favor of the bill only made them seem like obstructionists in the eyes of the American people...
...idea being circulated by Senate Minority Leader Mitch McConnell, former House Speaker Newt Gingrich, and George W. Bush speechwriter David Frum, and even gracing the airwaves of “El Rushbo,” that could be the first truly bipartisan achievement of the Obama era: a payroll-tax holiday. Some proponents suggest a year or two (more like a payroll-tax sabbatical), but, at a cost of $100 billion per month, we’re probably talking more in the nature of one of those European holidays—i.e., a month...
...Payroll taxes are the roughly 15 percent that gets taken out of each paycheck to cover the costs of entitlement programs such as Social Security, Medicare, and, depending on the state, unemployment and disability insurance. The employee pays roughly half of that 15 percent, and employers cover the rest. The payroll tax is regressive in that there is a ceiling on how much of your income gets taxed. In 2009, payroll taxes will only be levied on the first $106,800 earned, meaning that a millionaire will pay a far smaller percentage of income in payroll taxes than someone...