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What happened Jan.1st 2015 as far as tax increases in the U.S.

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Posted on Jan 02, 2017

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SOURCE: Is the following TRUE or FALSE? Federal Tax Increases courtesy of the Democrats Remember this WHEN YOU DO YOUR TAXES IN APRIL In case you didn't notice. Here is what happened on Januar

True. Elections have consequences.

Posted on Dec 25, 2014

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jerry_kramer
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SOURCE: How many assessors have been certified by the Michigan Tax Commission in 2015

This would be a question for the State of Michigan. I am sure they have a number listed in the phone book for the office responsible for this.

Posted on Jan 15, 2015

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What is the impact of GST on MSME sectors?


Like every other sector GST implications on MSMEs can be both positive and negative. Let us check both positive and negative implication of GST on the MSME sector:

  • Positive Impact:
  • Unified Taxation: Earlier SMEs had to face multiple taxation procedures, a complete time-consuming process. But with the GST implication, there is a uniform taxation making it easier pay tax. In order words, GST will help doing business with neutral tax.
  • Negative Impact:
  • Burden of Higher Tax Rate: Earlier, MSMEs had to pay service tax of 15% which is now increased to 18%. This is certainly an increase in the burden of higher tax payment. This burden will further fall on end consumer as the price of the product or service will increase.
  • Low Tax Limit: Earlier, MSME earning above Rs 1.50 crore was placed under tax bracket, but under GST, the limit has dropped to Rs 20 lakh which is a huge blow for the sector.

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Weather email about tax changes for Jan 2015 is correct


Tax laws change EVERY year. You can trust the information as far as they have changed. Not sure WHAT its telling you about the change.
Go to irs.gov to find out yourself.

Jan 08, 2015 | Computers & Internet

2 Answers

Is it true one will not receive 2014 federal tax return money until October


I think anyone who says anything about when 2014 refunds will be sent out really does not know what they are talking about. If your return is uncomplicated, and you don't owe obamacare tax you will probably get your refund about when you have in the past. Remember don't file before Feb 1st. Jan 30 is the deadline for employers and other payers to send out W2's and 1099's. So the IRS doesn't have this info before February.

Jan 01, 2015 | Cars & Trucks

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Does Obama Care legislation contain an inheritance tax or 50%


This is from my financial advisor

In case you didn't notice
. Here is what happened on January 1, 2015 : Top Medicare tax went from 1.45% to 2.35%

Top Income tax bracket went from 35% to 39.6%

Top Income payroll tax went from 37.4% to 52.2%

Capital Gains tax went from 15% to 28%

Dividends tax went from 15% to 39.6%

Estate tax went from 0% to 55%
Remember this fact: These taxes were all passed only with democrat votes, no republicans voted for these taxes. These taxes were all passed under the Affordable Care Act, aka Obamacare.

Nov 01, 2014 | Office Equipment & Supplies

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Snopes truth or fiction


please, put this question in Google. you get lots of answers within one second.

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