The IRS Deductions Blog

Archive for January, 2009

Question: What do you think of this article from Investors Business Daily?

Or are they no longer a reputable source?

From Investor’s Business Daily:

Obama has proposed effective tax increases of 20% or more in the two top income-tax rates, phasing out the personal exemptions and all Itemized Deductions for top earners, as well as raising their tax rates.

He wants a 33% increase in the tax rates on capital gains and dividends, an increase of 16% to 32% in the top payroll tax rate, reinstatement of the death tax with a 45% top rate, and a new payroll tax on employers estimated at 7% to help finance his health insurance plan. He’s also contending for higher tariffs under his protectionist policies.

Finally, he would increase corporate taxes by 25%, though American businesses already face the second-highest marginal tax rates in the industrialized world, thus directly harming manufacturing and job creation while weakening demand for the dollar.

Answer: Welcome to Obamination.

When he is unable to meet his “wealth redistribution” challenges, he will blame it on the failed economic policy’s of GWB,

Items on Amazon Right Now for Income Tax Deduction Phase Out:

Taxpayers Prevail on Use of Fixed Dollar Formula Valuation Clauses

Taxpayers have prevailed in two cases where the amount given to a charity was to be determined by reference to asset values as finally determined for estate or gift tax purposes.

Daschle — Deeply saddened to be caught…

A greenslip or compulsory third party insurance (CTP) is a legal requirement for vehicles registered in NSW.To register your vehicle you must have a green slip.Your greenslip covers injury to other people when your vehicle is involved in an accident. Your greenslip does not cover damage to property, other vehicles or to your vehicle, nor does the greenslip cover theft. Insurance for those occurences is obtained through different policies, which you should consider taking out.

Here is everything you need to know about acquiring a greenslip. Check out these ten notes:

1. Seven insurers provide greenslips in NSW.
2. Greenslip prices vary…you need to compare prices.
3. You can compare prices by contacting each insurer or by using the greenslip price comparison service operated by the Motor Accident Authority, the Green Slip Calculator. Contact details for each insurer are set out on this site. A link to the MAA’s Green Slip Calculator is also on this site. The MAA’s Green Slip Calculator is the only service which provides prices for each of the seven green slip insurers.
4. Greenslips are the same, regardless of insurer, other than in respect of at fault driver cover, which is an extra feature provided by some insurers.
5. Not all insurers offer an online service for quotes and purchase.
6. All insurers provide call centre service. Some insurers have shopfronts.
7. We have analysed each insurer on the basis of additional features and ease of purchase online, by phone and in person. The analysis is set out on this site.
8. Registration renewal and greenslips are available on a 6 or 12 month basis for many vehicle types. Information on vehicle types and on how to renew for 6 months is set out on this site.
9. Insurers will notify the RTA electronically when you purchase your greenslip. You should allow about 60 minutes for the notification to go through to the RTA.
10. Remember items 1-9 before applying for a greenslip.

Compulsory third party (CTP) Greenslips can be difficult and time consuming to acquire. There is often a considerable price variation between insurers for a CTP Green Slip in NSW, so it is worth the effort to undergo a greenslip Cost Comparison. It is also worth comparing additional features, accessibility and service of the green slip insurers.

Items on Amazon Right Now for Irs Deduction Calculator 2009:

Last-minute Tax Tips to Save Procrastinators Time and Money

RIVERWOODS, Ill.—-Millions of taxpayers jump into tax season early, eager to get their taxes filed and receive any refund they may have coming. Then there’s the millions of other taxpayers who procrastinate until the last minute and others who still need more time.

Recovery: Making Work Pay – Working Couples – September 2009

Question: I am 22 and getting kicked off my parents health insurance policy soon, what’s a good option?

My work has health insurance it would be $250 a month, and have a 2,500 Deductible…25 co-pay for dr visits… I only make $1200 at that job, so it would really limit my pay check! I heard about Healthy Blue, but would like everyone’s advice on what they did, or suggest!

Answer: get like three quotes from different insurance companies and see what work for you and if you could afford it

Items on Amazon Right Now for Insurance Policy Deductible:

Imperial Sugar settles property claim in 2008 explosion

SUGAR LAND, Texas—Imperial Sugar Co. says it has settled a property insurance claim in the February 2008 explosion at its Port Wentworth, Ga., refinery for a total of $345 million.

How To Buy Homeowners Insurance : How to Choose a Home Insurance Deductible