2005 TAX SEASON is OVER. Missed August 2006 deadline. Call me today, and have your taxes filed. Have issues or problems with filing any past Taxes, Please Call Me at (630) 207 - 8728
IRS Commissioner is MARK EVERSON. Half of the returns are filed electronicly. Refunds than are direct. Two million returns are done by volunteers in 14,000 sites, double the sites from four years ago. Before 1986, no social security numbers were needed on dependents. Over five million GHOST DEPENDENTS fell off the returns back then. Lots of ways for U.S.citizens to cheat on their taxes and Evade the rule of law. Law Breakers!
On May 17th,2006 the President signed the TAX INCREASE PREVENTION and RECONCILIATION ACT of 2005. This will Extend the President's 2003 TAX CUTS on Dividends and Capital Gains. This legislation also contains an Alternative Minimum Tax, (AMT) for millions of middle income families which will assist these families in Keeping their money. AMT AVOIDS MIDDLE INCOME FAMILIES in PAYING HIGHER TAXES.
These States below Collect, Charge or LEVY your hard earned money, Maximum Income Tax as of January 2005;
Alabama @ 5% above $3,000,
Arizona @ 5,04% above $150,000,
Arkansas @ 7% above $28,500,
California @ 9.3% above $40,346,
Colorado @ 4.63% Flat Tax Rate,
Connecticut @ 5% above $10,000,
Delaware @ 5.95% above $60,000,
District of Columbia @ 9.3% above $30,000,
Georgia @ 6% above $7,000,
Hawaii @ 8.25% above $40,000,
Idaho @ 7.8% above $22,577,
Illinois @ 3% Flat Tax Rate,
Indiana @ 3.4% Flat Tax Rate,
Iowa @ 8.98% above $55,890,
Kansas @ 6.45% above $30,000,
Kentucky @ 6% above $8,000,
Louisiana @ 6% above $25,000,
Maine @ 8.5% above $17,350,
Maryland @ 4.75% above $3,000,
Mass. @ 5.3% flat tax rate,
Michigan @ 3.9% flat tax rate,
Minnesota @ 7.85% above $65,350,
Mississippi @ 5% above $10,000,
Missouri @ 6% above $9,000,
Montana @ 6.9% above $13,900,
Nebraska @ 6.84% above $26,500,
New Jersey @ 8.97% above $500,000,
New Mexico @ 5,3% above $16,000,
New York @ 7.7% above $500,000,
North Carolina @ 8.25% above $120,000,
North Dakota @ 5.54% above $319,100,
Ohio @ 7.5% above $200,000,
Oklahoma @ 6.65% above $10,000,
Oregon @ 9% above $6,550,
Pennsylvania @ 3.07% flat tax rate,
Rhode Island @ 25% of Federal Tax Liability,
South Carolina @ 7% above $12,300,
Utah @ 7% above $4,313,
Vermont @ 9.5% above $326,450,
Virginia @ 5.75% above $17, 000,
West Virginia @ 6.5% above $60,000,
Wisconsin @ 6.75% above $132,580.
The States listed below in 2005 Charge, Collect, Levy
NO INCOME TAXon UNEARNED INCOME (interest and dividends)
or EARNED INCOME. They are;
The States listed below COLLECT, CHARGE, LEVY NO INCOME TAX
on EARNED INCOME but do COLLECT, CHARGE, COLLECT INCOME TAX
on UNEARNED INCOME TAX on Interest and dividends Income only.
New Hampshire income tax on dividends and interest income only.
Tennessee income tax on dividends and interest income only.
MORE TO COME LATER! Always check with a tax professional when doing your taxes.
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