2011, 2012 Tax Return Deadlines
Duration : 0:9:2
Treasury Secretary Timothy Geithner says comprehensive Tax Reform is a better option to close the budget deficits than manipulating the current tax system.(Feb. 14)
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Duration : 0:1:33
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Ron Paul talks about taxes, military spending, monetary policy and unions with Cenk Uygur.
Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, a return to sound monetary policies, and a sensible foreign policy that puts America first.
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Duration : 0:14:36
Complete video at: http://fora.tv/2012/03/22/Monitor_Breakfast_Business_Roundtable_Head_John_Engler
Business Roundtable head John Engler discusses his group’s proposal to eliminate tax breaks in order to lower the Corporate Tax rate to a flat 25%. “I think there is a willingness to be very creative and to be very courageous on this, but the key is that the rate has to go low enough to justify it,” he argues.
During a conversation with journalists at a Monitor Breakfast, Business Roundtable President John Engler discusses the state of U.S. business.
John Engler is president of the Business Roundtable (BRT), an association of chief executive officers of leading U.S. corporations with a combined workforce of more than 14 million workers and over $6 trillion in annual revenues.
A former three-term governor of Michigan, Engler assumed the leadership of Business Roundtable in January 2011 after serving six years as president and CEO of the National Association of Manufacturers.
Duration : 0:1:34
Query: They have deducted tax for my indian salary component when i was onsite, both in US and in India. Should i file a Tax Return in US? How to claim the double taxation benefit in India when i file my return in India? Thanks
You need to determine if you are a US resident for tax purposes or not.
You need to allocate your income as US-source (any days you worked in the US).
Income that residents of India receive for performing personal services in the United States during the tax year as independent contractors or self-employed individuals (independent personal services) is exempt from U.S. Income Tax if the residents:
Are present in the United States for no more than 89 days during the tax year, and
Do not have a fixed base regularly available to them in the United States for performing the services.
If they have a fixed base available, they are taxed only on income attributable to the fixed base.
Income that residents of India receive for personal services performed in the United States as employees (dependent personal services) is exempt from U.S. income tax if the residents meet three requirements.
They are present in the United States for no more than 183 days during the tax year.
The income is paid by, or on behalf of, an employer who is not a resident of the United States.
The income is not borne by a permanent establishment, fixed base, or trade or business the employer has in the United States.
most americans will mark the day you reform,overhaul and simplify the tax code as a national holiday. Why not turbo charge the economy with a fair flat tax pl;an that will put the usa decades ahead of every country on the planet and also attract massive amounts of new businesses to set up shop in this country instead of other ones?
They are reluctant because it would mean their power of market manipulation would be greatly reduced.
hi ppl can anyone tell me if my annual income in hand is Rs1,45,000 then do i have to pay tax –
Just to make ur life easy i am a female………………
Further to Mr.Pachi’s answer I wish to put that you have to file Income Tax return (for A.Y.2007-08).
From next year A.Y.2008-09, you will be getting exemption till Rs,145000/- and there will be no necessity to file Return of Income and pay income tax.
Corporate Tax breaks for outsourcing jobs in order to obtain cheap foreign labour, and our congress voting against tax breaks for businesses to keep jobs in America, are the main reasons for America’s economic crises. Now you know where the jobs are, and this greedy situation needs to be addressed.
Don’t hold your breath with Republicans in their.
They have the Congress yet haven’t done a thing about jobs.
was wondering..I oweBack child support for another state, for the last 4 years i get nothing in a Tax Return. So my question is with this economy bonus would i get at least somthing back this year, or will the state i owe get it all again??
Not as long as you have delinquent child support.
A statistician tests the null hypothesis that the proportion of men favoring a Tax Reform proposal is the same as the proportion of women. Based on sample data, the null hypothesis is rejected at the 5% significance level. Does this imply the probability is at least 0.95 that the null hypothesis is false? If not, provide a valid probability statement.
true of course…the null hypothesis calculated already rejected,so the answer could be proportion of man and women are not the same…