1.Start planning for taxes …. Know current tax laws as they affect you Maintain complete and appropriate tax records Make purchase and investment decisions…
Slide 1Chapter 9 Sources of Government Revenue Section 1 Sin tax a relatively high tax Raise revenue – Used to fund treatment and prevention Discourage an undesirable product…
Slide 1 Let’s Have a Graduated Income Tax And Eliminate the Michigan Business Tax Presented at Gerald R. Ford School of Public Policy February 9, 2009 Charles L. Ballard…
Slide 1 Dealing with Your Federal Income Tax The Definitions AGI = Adjusted Gross Income Taxable Income or Net Income = Income on which tax is computed, or one’s gross…
Slide 1 775. The Internal Revenue Service would define the marginal tax rate as: A.The tax rate which is used for the next dollar of taxable income earned; B.The 28% tax…
Chapter 9 Chapter 10 - Sole Proprietorships, Partnerships, LLCs, and S Corporations Chapter 10 Questions and Problems for Discussion 1. A sole proprietorship is not a legal…