The tax measures: High time to even the playing field
Oregonian
Company A had about $143,000 in sales, a specific taxable income, and deductions about $12,000 more than their taxable income. This are not really the "how will companies with no taxable income be able to afford the tax?" sob story the anti...
Should MPs repay expenses claims?
Daily Mail
Quite simple One rule for all, if you want MP's to pay their taxes on their capital gains then any money made at a boot sale is taxable income. Because if you say it's only a boot sale the you are saying they should pay up but we didn't mak...
Tax Time: Tips for 2009
Food Consumer
Employees may exclude $230 in employer paid parking and toll pass benefits from their taxable income. Some changes have also been made concerning COBRA premiums; for more information and a list of FAQs concerning these changes, visit the IR...
Malaysian Budget Delivers Tax Cut
Wall Street Journal
The budget raises personal relief, which reduces taxable income of individuals, to 9,000 ringgit a person from 8,000 ringgit. A voluntary 3% cut in employees' pension fund contribution, announced last year, will be withdrawn from Jan. 1, 20...
Year-end tax moves to make now. Right now
CNN Money
If you sell a stock, bond, or fund in a taxable account for less than you paid, you can use the losses to offset your gains. Have more losses than gains? The IRS lets you deduct up to $3,000 in remaining losses from ordinary income. The res...
Tax Update: 2010 Income Tax Returns
Helicopter Association International
For example, for a married couple filing a joint return the taxable income threshold separating the 15 percent bracket from the 25 percent bracket is $68,000, up from $67,900 in 2009. · The annual gift tax exclusion remains unchanged at $13...
What is an exemption?
KSN.com
The IRS defines an exemption as the amount you can claim to help reduce your taxable income. Basically, there are two types of exemptions: personal and dependent. You claim yourself, your spouse if you file a joint return, your children, an...
Vitran Corp. Inc. Reports Operating Results (10-Q)
GuruFocus
On a consolidated basis, the Company generated taxable losses in the United States, which have been recognized as deferred tax assets. Management believes the Company will generate sufficient taxable income to use these losses in the future...