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What is a fair income and capital gains tax rate for the rich to pay?

July 13, 2010 By: admin Category: General

In 2006 the top 2% paid 60% of all income taxes but earned only 30% of the income.

Shouldn't we lower their tax rate to make it more fair?

What is the income guidelines for a habitat for humanity house?

July 13, 2010 By: admin Category: General

I didn't see it on the website. Is there an income guideline for number of people living in the house compaired to the income, if so what is it (where can I find it)? Thanks!~

What is considered income to a trustee?

July 13, 2010 By: admin Category: General

I am a trustee of a complex trust as well as the primary beneficiary.
All income is distributed to the primary beneficiary annually.

I received a payment from the trust for reimbursement expenses and for payment of my time as trustee.
Is any or all of this taxable income to me?
Can the trust give me a gift up to $13,000 annually?
Is the reimbursement treated differently than the compensation for services?
Does it need to show on the K1?

Can the trust give a secondary beneficiary a gift without issuing a K1 to the secondary beneficiary?

Thank you. If you have any IRS sources that would be helpful.

My income was $9000 from a pension but not social security, why do I not get a stimulus payment?

July 13, 2010 By: admin Category: General

This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?

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My income was $9000 from a pension but not social security, why do I not get a stimulus payment?

July 13, 2010 By: admin Category: General

This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?

My income was $9000 from a pension but not social security, why do I not get a stimulus payment?

July 13, 2010 By: admin Category: General

This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?

How should unearned income be shown on a balance sheet and income statement?

July 13, 2010 By: admin Category: General

Suppose that during a given year, I receive payments of $50,000. During this year, $30,000 of these payments have not yet been earned. Should the $50k go as revenue on my income statement? Should the $30k go as a liability on my balance sheet? How should I represent all of this in the liability section of my balance sheet?
Thanks in advance.

How do I predict the income of a planned website ?

July 13, 2010 By: admin Category: General

How do I predict the income of a planned website based on income from ads when I dont know how many visitors there will be at any given month/week/day and also I dont know the how much i'll get paid for every click made? (planning to use google adsense or yahoo ads)
any ideas? how would I build a business plan for such a website?

Can you recommend me of any companies that help you calculate your predicted income?

What is a solid Residual Income Opportunity that will teach me to make extra income from home?

July 13, 2010 By: admin Category: General

Hi
I am a strong believer in personal development and am looking for residual income business opportunity that will allow me to make extra income from home.
Any ideas along that line? I hate lotion/potion companies (as do my friends and family) so, any ideas/suggestions along the lines of internet marketing?

What is the Amount of Income Required To File a Tax Return?

July 12, 2010 By: admin Category: General

Hi,

(1) Can somebody please tell me what amount of income requires you to file a federal & state & social security taxes for each of the year since 1990 ? ( I mean filing Requirement for an unmarried single Person ) I need to know for each of those years.I am single unmarried individual.

(2) If my income is below the filing requirement amount, am I still suppose to file for a state tax return ? If yes where can I get the tax rate table & forms for all those years ?

(3) If income is below the filing requirement amount, am I suppose to file for social security tax ? If yes, where can I get the tax rate tables & forms for all those years ?

(4) Where can I find the tax rate schedules for each of those years for all 3 Federal, state & Social security taxes ?

(5) If the filing requirement amount was say $10,000.00, is that amount after the standard deduction of $3600.00 for an individual or how does it work ?

I would really appreciate all the help.

Thank You.