Feb
18
Employer Identification Number
February 18, 2007 | 1 Comment
A requisite for any serious business is to get a Federal Employer Identification Number (EIN). It is the business-world equivalent of the Social Security or Taxpayer Identification Number. You will need to use it to register tax payments of all kinds, including Social Security, Medicare, and Income taxes. Most importantly, you will [...]
Jan
26
Effective Federal Tax Rate: Effects of Social Security Tax
January 26, 2007 | 3 Comments
Our politicians like to discuss levels of taxation in terms of the Tax Brackets. These brackets usually apply to income tax levels after the allowed deductions have been taken into account. What it doesn’t include is other methods of taxation that the Federal Government may impose on its subjects, like the Social Security and Medicare [...]
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