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Tax Carnival Ecstasy – April 5, 2012

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Welcome to the April 5, 2012 edition of Tax Carnival Ecstasy. In this edition we start with Learning About Tax Liability by Bill Smith. We also have an article on starting a small business, Home Business, Yay or Nay? from the site 2010 Tax. Jeffery Weber looks at Using Credit Card Rewards to Reduce the Cost of Paying your Taxes. Finally, Edward Webber examines How Much Can a tax payer can Earn Without Paying Taxes 2012. Hope you enjoy the articles, bookmark, share, tweet, like on Facebook and come back real soon.

Amy Gardner presents Social Media Marketing Basics for

Read more at 2011 Tax.

The Importance Of Having A Good Accountant

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While it may seem that any bookkeeper or even keeping track of your own books will do, there is much to be said for employing a good accountant for your personal and business finances.

Save Money

Of course a good accountant will cost a fair amount of money, but in the long run having a capable accountant in charge of the books will save much more money than it costs. A good accountant will be able to see areas where expenses can be reduced as well as those instances where income can be increased. A really good accountant will even … Read more at 2011 Tax.

What The Increase In Tax Rates Mean For The Economy

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The Stock Market is threatened by Changes in the U.S. Tax Code

The stock market is expected to take a beating if tax rates on capital gains are increased by two thirds. There has been a lot of debate as to whether or not the economy will benefit or suffer because of these changes.

Apart from capital gains taxes, income taxes are also expected to increase. These changes will cause a lot of problems in the future unless the President and Congress agree on contentious issues. These two parties must agree before the year ends.

Investors in the stock market … Read more at 2011 Tax.

The Mega Millions Jackpot Has States Dreaming About Taxes From Possible Winners

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As the Mega Millions jackpot grows to a record $540 million, those buying tickets are not the only ones with dreams about what a win could mean.  State governments facing hard times understand a local winner would bring a bonus tax to the home state.

The taxes on the lump-sum payment option to any single winner would bring several million dollars of revenue to the state.  That revenue in could restore the entire cuts being faced by social services programs, pay for several hundred low-income housing units and help to increase the number of state police.

The sale of ticket … Read more at 2011 Tax.

We’re No. 1: In The Collection Of The Highest Corporate Taxes

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Beginning this Sunday, the United States will gain bragging rights in the economic war with Japan and China:  It will have the largest jobs-killing corporate tax rate in all of the industrialized world.

This is no April Fool’s joke.  Once Japan officially drops its tax rate to 36.8% this Sunday, the USA’s will be at the top of the chart at 39.2%.

While the President has suggested a new 28% rate, Republicans claim that the reduction also would bring $350 billion in new taxes to offset losses.  In response, the GOP is suggesting a reduction to 25%; however, the upcoming … Read more at 2011 Tax.

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