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 difference between college graduates and high school graduates?
What exactly is the income difference between those who are college graduates and those who only have a high school diploma?
I'm talking about the whole entire work force in America. What is the difference in income between those in the work force who have college degrees than those with only a high school diploma?
What is the difference between the Foreign Earned Income Exclusion and the Foreign Tax Credit?
I am a US Citizens living abroad. I am in the process of filing tax return for 2008 for foreign earned income based on IRS' publication 54. Our earned income has already been taxed once by the country we live in.
I see that there are two ways to avoid double taxation on your income -the foreign earned income exclusion and the foreign tax credit.
Can somebody please explain the difference between the two and point out advantages to use one over another?