What is a fair income and capital gains tax rate for the rich to pay?
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 standard tax rate for income received from an estate trust?
I am going to be receiving ongoing income from my grandfathers estate. I have been told that it is taxable because it is classified as income not an inheritance since it is income earned by the estate since his death. I an trying to get an idea of what tax rate I should expect to pay. I do not know yet exactly how much I will be receiving.
What is the income guidelines for a habitat for humanity house?
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!~
Is the tax rate higher for income or capital gains?
I've already accumulated about $45,000 in short term capital gains this year. I need to liquidate another $40,000 in stocks or sell part of an inherited IRA which, as I understand, will be taxed as income. Is the tax hit going to be the same either way?
Last year I had taxable income of about $53,000 with next to no capital gains. This year I expect about the same taxable income plus the capital gains.