Please provida data for all Guilford County revaluation assessements
including before and after values of all properties in a comma delimited format
with before and after values seperated, which can be measured in different ways.
George Hartzman
Showing posts with label Tax Cut. Show all posts
Showing posts with label Tax Cut. Show all posts
3/11/12
3/7/12
If Rush Limbaugh makes about $78 million per year, did Obama's Tax Deal give him about $15,324,704 more over the last two years?
"Compared to the Tax Cuts Extended scenario,
total tax liability for the Obama Plan scenario would be $7,662,352 higher
..................................................................Tax Cuts Extended................Tax Cuts Expired
Adjusted Gross Income...................................$78,000,000.....................$78,000,000?
Tax Liability on $38 million of income...................$19,273,989.....................$26,936,341?
Average Tax Rate..................................................24.53%.............................34.29%"?
$26,936,341 - $19,273,989 = $7,662,352 x 2 years = $15,324,704?What is the estimated net worth of Rush Limbaugh?
Tax CalculatorSingle
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect
total tax liability for the Obama Plan scenario would be $7,662,352 higher
..................................................................Tax Cuts Extended................Tax Cuts Expired
Adjusted Gross Income...................................$78,000,000.....................$78,000,000?
About $38 million of earned income
At least $20 million of dividends on about $1 billion
At least $20 million of capital gains on on about $1 billion
= about $78 adjusted gross income?
At least $20 million of dividends on about $1 billion
At least $20 million of capital gains on on about $1 billion
= about $78 adjusted gross income?
Tax Liability on $38 million of income...................$19,273,989.....................$26,936,341?
Average Tax Rate..................................................24.53%.............................34.29%"?
$26,936,341 - $19,273,989 = $7,662,352 x 2 years = $15,324,704?What is the estimated net worth of Rush Limbaugh?
Tax CalculatorSingle
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect
12/16/10
"Senate Tax-Cut Plan Would Add $857 Billion to U.S. Debt," or will the Tax Deal really cost at least $1,472.92 trillion?
"...The congressional Joint Committee on Taxation, which estimates the revenue effects of tax legislation, said the provisions would cost the government $801.3 billion in forgone revenue over 10 years. Extending unemployment benefits for 13 months, another feature of the package, would cost $56 billion, the Obama administration has said."
The proposal would extend Bush-era tax cuts for all levels of income. A two-year extension of those rates would cost $407.6 billion, according to the Joint Committee on Taxation.
...The tax agreement lacks revenue-raising offsets."
Ryan J. Donmoyer
Mortgage Loan Calculator
$857 Billion @ 4% x 30 years = $1,472.92 trillion
$857 Billion @ 5% x 40 years = $1,983.56 trillion
$857 Billion @ 6% x 50 years = $2,706.77 trillion
$857 Billion @ 7% x 75 years = $4,523.35 trillion
The proposal would extend Bush-era tax cuts for all levels of income. A two-year extension of those rates would cost $407.6 billion, according to the Joint Committee on Taxation.
...The tax agreement lacks revenue-raising offsets."
Ryan J. Donmoyer
Mortgage Loan Calculator
12/14/10
If Mitt Romney is worth at least $190 million and makes about 5% of dividends and 5% on capital gains, could he bring in an extra $5,656,178 by charging America’s children about $1,600 a piece?
Should Mitt Romney have disclosed his conflict of interest in his USA Today Op-Ed?
..............................Tax Cuts Extended Tax Cuts Expired
Taxable Income........ $18,981,000 $18,990,350?
Tax Liability............. $2,839,650........$5,622,239?
Average Tax........ Rate 14.95%............29.59%?
$5,622,239 - $2,839,650 = $2,782,589 x 2 years = $5,565,178?
Married, No children
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect
Tax Calculator
If about 1,699,000 US households make more than $250,000,
and their portion of the tax cuts cost $120 billion
are America’s elected leaders
about to charge everyone’s kids $1,600 each
to give all the households making more than $250,000 per year
an average of $70,629.78 each?
$120 billion divided by 1,699,000 = $70,629.78?
..............................Tax Cuts Extended Tax Cuts Expired
Taxable Income........ $18,981,000 $18,990,350?
Tax Liability............. $2,839,650........$5,622,239?
Average Tax........ Rate 14.95%............29.59%?
$5,622,239 - $2,839,650 = $2,782,589 x 2 years = $5,565,178?
Married, No children
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect
Tax Calculator
If about 1,699,000 US households make more than $250,000,
and their portion of the tax cuts cost $120 billion
are America’s elected leaders
about to charge everyone’s kids $1,600 each
to give all the households making more than $250,000 per year
an average of $70,629.78 each?
$120,000,000,000 / 75,000,000 Kids = $1,600 per American Child?
$120 billion divided by 1,699,000 = $70,629.78?
12/13/10
If US Senator John McCain (R-Ariz.) was worth about $19.64 million in 2008, about how much did he just vote himself over the next two years?
The 50 Richest Members of Congress (2008)
If about 1,699,000 US households make more than $250,000, and their portion of the tax cuts is about $120 billion...?
If US congressman Darrell Issa is worth about $303 million and makes about 5% of his net worth per year, could he charge every US child $12,000 to vote himself about $1,387,836 in Tax Cuts over two years?
Could US Senator John Kerry charge every US child $12,000 to vote himself about $500,036 in Tax Cuts over two years?
If Britney Spears makes about $64 million per year, could she bring in another $5,876,704 from President Obama's Tax Deal over the next two years?
If Michael Bloomberg makes 5% per year on $20 billion, and pays half his taxes on long term capitol gaines and half on dividend interest, could he bring in an extra $295 million over two years with Obama's Tax Deal?
If Rush Limbaugh makes about $78 million per year, could Obama's Tax Deal give him about $15,324,704 more over the next two years?
If there are about 75 million kids in the United States of America, will congress and the president charge them $12,000 a piece to bail out the financial mismanagement of their parents?
Can any American legislator who votes for a $900 billion deficit increase run as a "fiscal conservative" in 2012?
How could some American legislators opposed to raising the debt ceiling, vote to increase the nation's deficit by $900 billion over 2 years?
If Us Senator Jay Rockefeller (D-W.Va.) was worth about $80.40 million in 2008, about how much did he just vote himself over the next two years?
The 50 Richest Members of Congress (2008)
If about 1,699,000 US households make more than $250,000, and their portion of the tax cuts is about $120 billion...?
If US congressman Darrell Issa is worth about $303 million and makes about 5% of his net worth per year, could he charge every US child $12,000 to vote himself about $1,387,836 in Tax Cuts over two years?
Could US Senator John Kerry charge every US child $12,000 to vote himself about $500,036 in Tax Cuts over two years?
If Britney Spears makes about $64 million per year, could she bring in another $5,876,704 from President Obama's Tax Deal over the next two years?
If Michael Bloomberg makes 5% per year on $20 billion, and pays half his taxes on long term capitol gaines and half on dividend interest, could he bring in an extra $295 million over two years with Obama's Tax Deal?
If Rush Limbaugh makes about $78 million per year, could Obama's Tax Deal give him about $15,324,704 more over the next two years?
If there are about 75 million kids in the United States of America, will congress and the president charge them $12,000 a piece to bail out the financial mismanagement of their parents?
Can any American legislator who votes for a $900 billion deficit increase run as a "fiscal conservative" in 2012?
How could some American legislators opposed to raising the debt ceiling, vote to increase the nation's deficit by $900 billion over 2 years?
How could Virginia US Senator Jim Webb explain why he may vote to charge each and every US child about $1,600 each to give US congressman Darrell Issa what could be about $1.3 million in Tax Cuts over the next two years?
If about 1,699,000 US households make more than $250,000, and their portion of the tax cuts is about $120 billion...?
If US congressman Darrell Issa is worth about $303 million and makes about 5% of his net worth per year, could he charge every US child $12,000 to vote himself about $1,387,836 in Tax Cuts over two years?
Could US Senator John Kerry charge every US child $12,000 to vote himself about $500,036 in Tax Cuts over two years?
If Britney Spears makes about $64 million per year, could she bring in another $5,876,704 from President Obama's Tax Deal over the next two years?
If Michael Bloomberg makes 5% per year on $20 billion, and pays half his taxes on long term capitol gaines and half on dividend interest, could he bring in an extra $295 million over two years with Obama's Tax Deal?
If Rush Limbaugh makes about $78 million per year, could Obama's Tax Deal give him about $15,324,704 more over the next two years?
If there are about 75 million kids in the United States of America, will congress and the president charge them $12,000 a piece to bail out the financial mismanagement of their parents?
Can any American legislator who votes for a $900 billion deficit increase run as a "fiscal conservative" in 2012?
How could some American legislators opposed to raising the debt ceiling, vote to increase the nation's deficit by $900 billion over 2 years?
If US congressman Darrell Issa is worth about $303 million and makes about 5% of his net worth per year, could he charge every US child $12,000 to vote himself about $1,387,836 in Tax Cuts over two years?
Could US Senator John Kerry charge every US child $12,000 to vote himself about $500,036 in Tax Cuts over two years?
If Britney Spears makes about $64 million per year, could she bring in another $5,876,704 from President Obama's Tax Deal over the next two years?
If Michael Bloomberg makes 5% per year on $20 billion, and pays half his taxes on long term capitol gaines and half on dividend interest, could he bring in an extra $295 million over two years with Obama's Tax Deal?
If Rush Limbaugh makes about $78 million per year, could Obama's Tax Deal give him about $15,324,704 more over the next two years?
If there are about 75 million kids in the United States of America, will congress and the president charge them $12,000 a piece to bail out the financial mismanagement of their parents?
Can any American legislator who votes for a $900 billion deficit increase run as a "fiscal conservative" in 2012?
How could some American legislators opposed to raising the debt ceiling, vote to increase the nation's deficit by $900 billion over 2 years?
The hidden tax increase and job killer in the tax cut deal
The hidden tax increase and job killer in the tax cut deal
"...A glut of government debt should lead to much higher interest rates.
Higher government borrowing also tends to divert savings and investment capital
that would otherwise flow into the jobs-creating private sector.
However, with the Fed engaging in quantitative easing,
...the money needed to buy the additional debt is simply printed.
As such,the nasty side effects have been avoided in the short term.
Instead we are set up for more inflation...
...working Americans will see the real values of their paychecks fall,
as consumer price increases outpace the gains in after tax incomes.
As a result, this plan will do nothing to help our economy.
The benefits of holding taxes low
will be more than mitigated by damage done by larger deficits.
In fact, despite the Fed's efforts to artificially suppress interest rates,
the fear of larger deficits is already driving rates up.
...the only thing this plan will stimulate is larger deficits,
meaning the Fed will be forced to do more, not less QE
in an effort to restrain rates.
...nothing in the plan addresses the fundamental economic imbalances
that underlie our economy and that brought us to the brink of ruin in the first place.
What we really need are massive cuts in government spending so we can have true tax relief.
...By expanding government and increasing debt,
the plan puts us farther than we have ever been from a real recovery."
Peter Schiff
"...A glut of government debt should lead to much higher interest rates.
Higher government borrowing also tends to divert savings and investment capital
that would otherwise flow into the jobs-creating private sector.
However, with the Fed engaging in quantitative easing,
...the money needed to buy the additional debt is simply printed.
As such,the nasty side effects have been avoided in the short term.
Instead we are set up for more inflation...
...working Americans will see the real values of their paychecks fall,
as consumer price increases outpace the gains in after tax incomes.
As a result, this plan will do nothing to help our economy.
The benefits of holding taxes low
will be more than mitigated by damage done by larger deficits.
In fact, despite the Fed's efforts to artificially suppress interest rates,
the fear of larger deficits is already driving rates up.
...the only thing this plan will stimulate is larger deficits,
meaning the Fed will be forced to do more, not less QE
in an effort to restrain rates.
...nothing in the plan addresses the fundamental economic imbalances
that underlie our economy and that brought us to the brink of ruin in the first place.
What we really need are massive cuts in government spending so we can have true tax relief.
...By expanding government and increasing debt,
the plan puts us farther than we have ever been from a real recovery."
Peter Schiff
12/11/10
If Britney Spears makes about $64 million per year, could she bring in another $5,876,704 from President Obama's Tax Deal over the next two years?
If Britney Spears makes about $64 million per year,
compared to the Tax Cuts Expired scenario,
total tax liability for the Obama Plan scenario
could be $2,938,352 higher per year?
.................................Tax Cuts Extended................Tax Cuts Expired
Adjusted Gross Income...............$64,000,000.....................$64,000,000?
*Does not include interest, dividends or capital gains
Tax Liability...................................$22,373,989.....................$25,312,341?
Average Tax Rate.............................34.46%.............................38.98%%"?
$25,312,341 - $22,373,989 = at least $2,938,352 x 2 years = $5,876,704?
The Celebrity 100
Tax Calculator
Single
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect
compared to the Tax Cuts Expired scenario,
total tax liability for the Obama Plan scenario
could be $2,938,352 higher per year?
.................................Tax Cuts Extended................Tax Cuts Expired
Adjusted Gross Income...............$64,000,000.....................$64,000,000?
*Does not include interest, dividends or capital gains
Tax Liability...................................$22,373,989.....................$25,312,341?
Average Tax Rate.............................34.46%.............................38.98%%"?
$25,312,341 - $22,373,989 = at least $2,938,352 x 2 years = $5,876,704?
The Celebrity 100
Tax Calculator
Single
Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired
Tax Year: 2011
AMT Patch: AMT Patch in effect
Notable Tax Cut Extentions in the $12,000 per American Child Tax Cut Deal
"The temporary 100% exclusion of gain from the sale of certain small business stock under IRC § 1202, enacted by the Small Business Jobs Act of 2010, would be extended through 2011.
IRC § 25C credit for nonbusiness energy property (which would also be returned to the limitations and standards applicable before amendment by the American Recovery and Reinvestment Act of 2009, PL 111-5);
IRC § 30C alternative fuel vehicle refueling property credit;
IRC § 40 credit for alcohol used as fuel;
IRC § 40A credit for biodiesel and renewable diesel fuel;
IRC § 41 research and development credit
IRC § 45(d)(8) credit for refined coal facilities;
IRC § 45A Indian employment tax credit;
IRC § 45D new markets tax credit;
IRC § 45G credit for certain railroad track expenditures;
IRC § 45L new energy-efficient home credit;
IRC § 45M energy-efficient appliance credit;
IRC § 45N mine rescue team training credit;
IRC § 45P employer wage credit for active duty members of the uniformed services;
IRC § 51 work opportunity credit;
IRC § 54E qualified zone academy bonds
IRC § 1400C credit for first-time D.C. homebuyers;
IRC §§ 6426 and 6427 excise tax credits for alternative fuels; and
American Samoa economic development credit under the Tax Relief and Health Care Act of 2006.
IRC § 62(a)(2)(D) deduction for elementary and secondary school teachers;
IRC § 163(h)(3)(E) treatment of mortgage insurance premiums as interest;
IRC § 164 state and local sales tax deduction;
IRC § 168(e)(3)(E) 15-year straight-line cost recovery for qualified leasehold improvements and for qualified restaurant improvements;
IRC § 168(i)(15)(D) seven-year cost recovery period for motor sports entertainment complexes;
IRC § 168(j) accelerated depreciation for property on Indian reservations;
IRC § 170(b)(1)(E) contributions of capital gain real property made for conservation purposes;
IRC § 170(e)(3)(C) enhanced deduction for contributions of food inventory;
IRC § 170(e)(3)(D) enhanced deduction for contributions of book inventory to public schools;
IRC § 170(e)(6) enhanced deduction for corporate contributions of computer equipment for educational purposes;
IRC § 179E(g) election to expense advanced mine safety equipment;
IRC § 181(f) expensing treatment for certain film and television productions;
IRC § 198(h) expensing of environmental remediation costs;
IRC § 199(d)(8) deduction for income attributable to domestic production activities in Puerto Rico;
IRC § 222 deduction for tuition and related expenses; and
IRC § 1367(a)(2) basis adjustment to stock of S corporations making contributions to charity.
IRC § 132 parity for exclusion from income for employer-provided mass transit passes and parking benefits;
IRC § 168(n) expensing and special depreciation allowance for qualified disaster assistance property (extended through 2012);
IRC § 408(d)(8) allowance for tax-free distributions from individual retirement plans for charitable purposes;
IRC § 451 special rule for sales or dispositions to implement FERC or state electric restructuring policy for qualified electric utilities;
IRC § 512(b)(13) special rules for certain amounts received by tax-exempt organizations from controlled entities;
IRC § 613A(c) suspension of limitation on percentage depletion for oil and gas from marginal wells;
IRC § 871(k) treatment of regulated investment company dividends and assets;
IRC § 897(h) qualified investment entity treatment of regulated investment companies under the Foreign Investment in Real Property Tax Act of 1980;
IRC §§ 953(e) and 954(h) exceptions for active financing income;
IRC § 954(c) look-through treatment of payments between related controlled foreign corporations;
IRC § 2105(d) look-through of certain regulated investment company stock in determining gross estate of nonresidents;
IRC § 1367(a) basis adjustment to stock of S corporations making charitable contributions of property;
IRC § 1391 empowerment zone incentives;
IRC §§ 1400, 1400A and 1400B District of Columbia Enterprise Zone incentives;
IRC § 1400L(b) New York Liberty Zone bonus depreciation;
IRC § 1400N Gulf Opportunity Zone incentives; and
IRC § 7652(f) “cover over” of tax on distilled spirits to Puerto Rico and the U.S. Virgin Islands;
Grants under the American Recovery and Reinvestment Act of 2009 for specified energy property in lieu of tax credits."
Journal of Accountancy
IRC § 25C credit for nonbusiness energy property (which would also be returned to the limitations and standards applicable before amendment by the American Recovery and Reinvestment Act of 2009, PL 111-5);
IRC § 30C alternative fuel vehicle refueling property credit;
IRC § 40 credit for alcohol used as fuel;
IRC § 40A credit for biodiesel and renewable diesel fuel;
IRC § 41 research and development credit
IRC § 45(d)(8) credit for refined coal facilities;
IRC § 45A Indian employment tax credit;
IRC § 45D new markets tax credit;
IRC § 45G credit for certain railroad track expenditures;
IRC § 45L new energy-efficient home credit;
IRC § 45M energy-efficient appliance credit;
IRC § 45N mine rescue team training credit;
IRC § 45P employer wage credit for active duty members of the uniformed services;
IRC § 51 work opportunity credit;
IRC § 54E qualified zone academy bonds
IRC § 1400C credit for first-time D.C. homebuyers;
IRC §§ 6426 and 6427 excise tax credits for alternative fuels; and
American Samoa economic development credit under the Tax Relief and Health Care Act of 2006.
IRC § 62(a)(2)(D) deduction for elementary and secondary school teachers;
IRC § 163(h)(3)(E) treatment of mortgage insurance premiums as interest;
IRC § 164 state and local sales tax deduction;
IRC § 168(e)(3)(E) 15-year straight-line cost recovery for qualified leasehold improvements and for qualified restaurant improvements;
IRC § 168(i)(15)(D) seven-year cost recovery period for motor sports entertainment complexes;
IRC § 168(j) accelerated depreciation for property on Indian reservations;
IRC § 170(b)(1)(E) contributions of capital gain real property made for conservation purposes;
IRC § 170(e)(3)(C) enhanced deduction for contributions of food inventory;
IRC § 170(e)(3)(D) enhanced deduction for contributions of book inventory to public schools;
IRC § 170(e)(6) enhanced deduction for corporate contributions of computer equipment for educational purposes;
IRC § 179E(g) election to expense advanced mine safety equipment;
IRC § 181(f) expensing treatment for certain film and television productions;
IRC § 198(h) expensing of environmental remediation costs;
IRC § 199(d)(8) deduction for income attributable to domestic production activities in Puerto Rico;
IRC § 222 deduction for tuition and related expenses; and
IRC § 1367(a)(2) basis adjustment to stock of S corporations making contributions to charity.
IRC § 132 parity for exclusion from income for employer-provided mass transit passes and parking benefits;
IRC § 168(n) expensing and special depreciation allowance for qualified disaster assistance property (extended through 2012);
IRC § 408(d)(8) allowance for tax-free distributions from individual retirement plans for charitable purposes;
IRC § 451 special rule for sales or dispositions to implement FERC or state electric restructuring policy for qualified electric utilities;
IRC § 512(b)(13) special rules for certain amounts received by tax-exempt organizations from controlled entities;
IRC § 613A(c) suspension of limitation on percentage depletion for oil and gas from marginal wells;
IRC § 871(k) treatment of regulated investment company dividends and assets;
IRC § 897(h) qualified investment entity treatment of regulated investment companies under the Foreign Investment in Real Property Tax Act of 1980;
IRC §§ 953(e) and 954(h) exceptions for active financing income;
IRC § 954(c) look-through treatment of payments between related controlled foreign corporations;
IRC § 2105(d) look-through of certain regulated investment company stock in determining gross estate of nonresidents;
IRC § 1367(a) basis adjustment to stock of S corporations making charitable contributions of property;
IRC § 1391 empowerment zone incentives;
IRC §§ 1400, 1400A and 1400B District of Columbia Enterprise Zone incentives;
IRC § 1400L(b) New York Liberty Zone bonus depreciation;
IRC § 1400N Gulf Opportunity Zone incentives; and
IRC § 7652(f) “cover over” of tax on distilled spirits to Puerto Rico and the U.S. Virgin Islands;
Grants under the American Recovery and Reinvestment Act of 2009 for specified energy property in lieu of tax credits."
Journal of Accountancy
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