The Small Business Tax Help Blog

Posts Tagged ‘federal tax withholding tables 2010’

Question: Is there a formula or percentage to figure federal withholding tax??

I claim no dependants and single. But there seems to be not alot of logic behind the difference in the withholding for a smaller paycheck and larger.

Answer: Go to www.irs.gov for details on your check, you can search “Tax Withholding” on the main page. Also, you can use the site www.paycheckcity.com, and plug in your salary, dependents, etc and you should get your take home calcualted very accurately. Generally, if you are in the 15% tax bracket, each allowance on your W-4 with give you about $10 more per week in take home pay vs. withholding, it does not amount to much difference.

Independent contractor vs. employee dilemma

share: digg facebook twitter If the IRS decides that a company should have treated its independent contractors as employees, an owner could be liable for back taxes, interest and penalties. The federal tax code has rules about who can and can’t be called an independent contractor. Businesses have to pay the government what’s known as employment taxes for their workers who are employees. The …

2010, 2011 FICA Limit

Withholding too much hurts those squeaking by

IT’S ONLY MONEY: Estimating your allowances can be important if you’re on a tight budget. But it’s no easy task, and our governments take advantage of that.

Senate Session 2010-04-15 (15:45:02-16:45:18)

Question: Are you really getting a tax cut from Dear Leader?

Do you realize that the “tax cut” that BO has created is nothing but a lie? It is not a tax cut. That would mean someone paying less money to the government. All he’s done is spread the money you get every year when you file your return over 52 weeks.

So, if you’re used to getting a $500 return, you’ll probably owe $200 on April 15.

He adjusted the withholding tables so that you’d get a little more each week and be stupid enough to believe that you’re getting something.

Don’t believe me? Wait until 04-15-2010. You’ll see.

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Answer: And “keeping more of your own money” is bad how?

The government doesn’t give me free loans. Why should I give them one? Perhaps a source for these claims?

Dean Foods Reports First Quarter 2010 Results

Dean Foods Company today announced that for the first quarter 2010, the Company earned $0.24 per diluted share, as compared to first quarter 2009 earnings of $0.48 per diluted share.

Ron Paul’s Texas Straight Talk 2/22/10: Government Stimulus, One Year Later