The Small Business Tax Help Blog

Posts Tagged ‘economy’

Question: Do you think the Obama Tax cut to small business on capital gains will help?

Obama plans to help small business and cut or eliminate the capital gains tax. Do you think this is a good idea?
So Republicans think a tax cut is a bad idea? How odd?

Answer: There you go again overloading their circuits with facts. The conservative computer virus will not allow the brain to process contradictions. Do you really want to cause them to meltdown?

Pawlenty Plan Would Quadruple Tax Cuts For Richest Americans: CBPP

Move over Bush and Obama, there’s a new king of tax cuts in town.

President Obama Gives Tax Cuts 2011 Politics Business Economy

Question: What sales tax rate do I use if I am in Los Angeles CA and ships merchandise?

If I my retail business is located in Los Angeles CA with tax rate of 9.75% and I sell a merchandise and ship to Kern County CA which has 8.25% sales tax, which rate should I charge the buyer?

Thanks!
If the answer is 8.25% (tax rate of shipping address) so then when filing, how much return do I have to pay for the sale? and how do I charge each customer in different locations their different tax rates? Should I just stick to a “fixed” tax rate? but how much?

I dont get it, please help

Answer: You charge the tax to the shipping address. The URL gives more. And check to make sure that CA mandates tax on Internet sales. They would like you include tax but I think it is still BIG question up for debate and only certain states have passed Internet tax laws.

112th Congress: David Schweikert, R-Ariz. (5th District)

Election: Defeated Rep. Harry E. Mitchell, D

Best Solar Company In Los Angeles and Ventura County

Question: I clean porto potties and want to open a business in that field who tax plan work best for me Obama or McCain?

I have been working and cleaning porto potties for 15 years and Joe the Plumber got me fired up to open my own business

Answer: McCain does. Under Obama, if your business makes more than 250k a year, you’ll be mandated to supply health insurance under penalty of fine, and you’ll pay an extra 5-25% in taxes depending upon how much over 250k a year you make.

Congress Should Take Up $90 Billion Bank Tax, Frank Says

U.S. Representative Barney Frank , an architect of the financial-overhaul bill lawmakers sent to President Barack Obama yesterday, said he wants Congress this year to take up the White House plan for a $90 billion bank tax to recoup government bailout funds.

Obama Explains His Tax Cut Plans To Plumbing Business Owner

Question: 10. Indicate how each of the following would shift the (1) marginal-cost curve, (2) average-variable-cost?

curve, (3) average-fixed-cost curve, and (4) average-total-cost curve of a manufacturing fir. In each case specify the direction of the shift.

A. A reduction in business property taxes.
B. An increase in the hourly wage rates of production workers.
C. A decrease in the price of electricity.
D. An increase in transportation costs.

Answer: Who set u this? Einstein? grrrrr

Credit unions: Lift cap on loans

Credit unions say the economic downturn presents their best opportunity yet to persuade lawmakers to raise a federal limit on their business loans. But banks say it would give the tax-exempt credit unions an unfair advantage.

Environmental Tax Shifting - Green taxes and job creation

Paterson Gives His Second State of the State Address

Governor David Paterson called for the public to mobilize and to follow a road map he’s laid out to take the state out of its financial mess. It was the governor’s second State of the State Address Wednesday, and FOX 40’s Grace Charles joins us live from Albany to tell us what was in it. The circumstances this year aren’t much different from those of last year when Governor Paterson gave his …

Josh Barro of the Tax Foundation Discusses State Tax Reform