Mar

26

Progressive Taxation is Gaining Ground

March 26, 2007 | 1 Comment

For as much as President Bush is touting his tax cuts I think they are only doing a small improvement on flattening the tax responsibilities of the nation. The Democratic party should be very proud of their success in making the upper class increase the percentage of the federal for which they are responsible [...]

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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