The Small Business Tax Help Blog

Posts Tagged ‘home’

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Question: Just how “uninsured” are all those “uninsured” people?

Source: Congressional Budget Office.
Key Issues in Analyzing
Major Health Insurance Proposals
December 2008

“A recent study by Hadley and others, which used that
analytic approach, examined a sample of medical claims
for uninsured individuals and projected that they would
receive about $28 billion in uncompensated care in
2008.”

That’s about 622 tax dollars spent for each “uninsured” person.
——————

A 2003 study in Health Affairs estimated that uninsured people in the U.S. received approximately $35 billion in uncompensated care in 2001.

http://en.wikipedia.org/wiki/Health_care_in_the_United_States#The_uninsured

Somehow, that carefully crafted vision of millions of Americans (and non-Americans) dying in the streets for want of health care just doesn’t play.

Answer: There is about 10 million younger people who refuse insurance to save money. (If you are a 22 yr old in good health with big student loans its worth it.)

There are about 20 million illegals who don’t have insurance, but will be covered under the new plan.

There are about 15 million Americans who need insurance, like all the people who have lost their jobs.

But having a gov run plan doesn’t guarantee anything. Look at the Post Office, Medicare, Social Security, Amtrack, and the Pension Benefit Trust, all run by the federal government and all losing money. What do you do when you are losing money? You have to raise prices (taxes) or limit service.

If this proposed plan is so good, why don’t we try it in a state first to get the bugs out and see if it really works? In the meantime, the fed gov can concentrate on all the “cost savings” they say they can make.

New GOP House Majority Means Lots Of Inter-Party Fights.

Do not lose sight of the fact the Dems control both the Senate and the Executive to block most things. However, the GOP with new found House power will kick up lots of dust and expose failings of the past two years. What this means is mostly two years of gridlock, which is not all that bad.

The Magdalene Laundries

Question: How will Cap and trade affect you financially and where does the money go?

What’s Your Household’s Cap-and-Trade Tax Burden?

Tax Foundation Calculator Helps Individuals Estimate Annual Household Costs of a Proposed U.S. Cap-and-Trade System

Washington, DC, June 4, 2009 – Americans can now estimate how much a U.S. cap-and-trade system would cost their individual households annually with the Tax Foundation’s new Household Cap-and-Trade Burden Calculator. The calculator can be found at http://www.taxfoundation.org/capandtrade.
copy and paste the link into your search engine and follow the link. Cap and trade calculator.
Hey Mike O…..

My question is clear. When you religion infringes on my rights and takes money out of my pocket (when the science of global warming is suspect) my concern is how it effects me. If you want to discuss the factors other than the financial impact then post your own question. I do have to do anything you request.

Answer: Mine is $1,803.00 a year

This link might be better

http://www.taxfoundation.org/capandtrade

Portsmouth’s tax rate spikes 32 cents

PORTSMOUTH — The city on Wednesday set its tax rate at $17.41 per $1,000 of property valuation, thereby ensuring a taxpayer with a $300,000 home would pay $5,223 in property taxes.

Solar Panel Installation Time-Lapse – City of Allen MCPAR Building

Question: What amount from my paystub do I enter when it ask for total wages. I’m doing the free tax estimator.?

I’m doing the free tax estimator on the hr block website and using my last paystub to get an estimate on my refund.

Answer: You’ll have to do some number crunching first. Take your gross wages and subtract any pension plan contributions, pre-tax health insurance premiums paid, and any other Section 125 deductions like FSA contributions. The resulting number should be pretty close to what box 1 on your W-2 will show. Needless to say you’ll have to wait for your W-2 to actually file.

Comptrollers estimates available revenue

The state will collect $77.3 billion in general revenue during the next two-year budget cycle, Comptroller Susan Combs said this morning. The comptroller estimated the Rainy Day Fund will have $9.4 billion in it at the end of the 2012-2013 biennium and that the size of the current deficit is $4.3 billion. This leaves lawmakers with a net of $72.2 billion to spend.

Question: what is the amount of tax expense for the current year?

Northwest Financial Services was organized on April 1 of the current year. On April 2, Northwest prepaid $4,500 to the city for taxes (license fees) for the next 12 months and debited the prepaid taxes account. Northwest is also required to pay in January an annual tax (on property) for the previous calendar year. The estimated amount of the property tax for the current year (April 1 to December 31) is $21,375.

a. Journalize the two adjusting entries required to bring the accounts affected by the two taxes up to date as of December 31, the end of the current year.

b. What is the amount of tax expense for the current year?

Answer: I’ll bet that if you read your textbook you could find out how to do this.

Freedom Tax Relief Presents Year-End Tax Planning Checklist

Check 8 items now to minimize tax debt, get help if needed (PRWeb November 02, 2010) Read the full story at http://www.prweb.com/releases/freedomTaxRelief/yearend/prweb4721954.htm

SmarTrend Morning Call June 14, 2010

Question: 2009 tax calculator………………?

I am trying to figure out an estimate of what I will recieve back on my tax return. My husband and I got married this year so we will be filing jointly. I will end up making about 25000 after tax and my husband about 40000. We also bought a house this year so we will be getting the tax credit for that. We have 1 daughter and will be claiming about 1500 in daycare expenses. I can not find any calculator that doesn’t want all kinda of federal tax deductions and blah blah blah… anyone know How I can estimate this or find a sight to do it?

Answer: There are lots of factors which influence your total refund amount. However, there is a calculator available on the IRS website. Here is it

http://www.irs.gov/individuals/page/0,,id=14806,00.html

Just follow the link and input all your information.

Time is running out for tax filing extenders

By Stella Davis Current-Argus Staff Writer CARLSBAD — The tax clock is ticking for taxpayers who, in April, requested an extension to file their 2009 tax returns, but have not yet filed.

Tax Tips: Time Is Running Out – Three Deadlines