N.E.W.S » raged to make more taxable passive income.

We need real tax reform and we need it now. Previous attempts have been made at tax reform Braves Darren O'Day Jersey , but they have only provided band-aid solutions that have still left us with too many quirks, complication, and read tape. There are several things Congress could do to simply the tax system and benefit the taxpayers and federal budget at the same time.

First, I would institute a simple two-tiered tax on earnings and passive income (interest, dividends Braves Josh Donaldson Jersey , capital gains, etc.) that are not in a tax-sheltered account. They would be treated equally and no distinction would be made between long-term and short-term capital gains. Individuals (whether married or not) who have taxable earnings and passive income of less than $30,000 would pay no federal taxes. Amounts equal to or greater than $30,000 but less than $200,000 would be taxed at 25%. Amounts equal to or greater than $200 Braves Brian McCann Jersey ,000 would be taxed at 30%.

Second, I would get rid of the quarterly estimated tax requirements and associated penalties for everyone except those who are habitually late (after April 15) filing their return andor paying their taxes. Few things in our tax system are more complicated than trying to figure whether or not you paid enough estimated taxes, whether they were paid on time, andor the penalty for not doing so. Even the IRS acknowledges how complicated it is to figure out this penalty, as they offer to calculate it for you.

Third Braves Dansby Swanson Jersey , I would eliminate the annual limits on capital losses as well as those special "wash sale" rules, which further restrict the writing off of capital losses. The reporting of capital gains has never been limited and neither should capital losses. "Wash sale" rules restrict the writing off of capital losses for stocks and mutual funds sold at loss but bought back again within 30 days. As I mentioned in a previous writing, these rules can get very complicated, with those for figuring the estimated tax penalty being the only ones that are more difficult to understand.

Fourth, I would keep personal exemptions and child tax credits intact but eliminate all deductions except for charitable contributions and mortgage interest on one's primary dwelling. There would be no standard deduction or Earned Income Tax Credit.

Fifth Braves Freddie Freeman Jersey , I would eliminate the Alternative Minimum Tax (AMT). This is probably the third most complicated item in the tax law. It was designed to make sure the rich pay at least some taxes, but the elimination of most deductions would accomplish this goal now by taking away most of their shelters.

Sixth, I would make some adjustments to inheritance and gift taxes. For the most part, they would not be treated any differently than ordinary income. However, there would be some exceptions. Inheritances and gifts passed from one spouse to another would be exempt from federal taxes. Inheritances of family farms and other legitimate businesses by any family member from another would not be taxable.

These changes would benefit individuals by making the tax system less complicated for everyone and taking a smaller percentage of income from most taxpayers (especially the middle class). The government would benefit from collecting more taxes because more people would be working and receiving higher incomes (as this system would encourage more investment in infrastructure). Also Braves Hank Aaron Jersey , more people would be encouraged to make more taxable passive income. The current system discourages taxable passive income. In addition, the extremely wealthy would have fewer options for sheltering their income.

Terry Mitchell is a software engineer, freelance writer, and trivia buff from Hopewell, VA. He also serves as a political columnist for American Daily and operates his own website - - on which he posts commentaries on various subjects such as politics Braves Greg Maddux Jersey , technology, religion, health and well-being, personal finance, and sports. His commentaries offer a unique point of view that is not often found in mainstream media.
Essential Things To Know About A Reverse Cell Phone Search Technology Articles | March 19 Braves John Smoltz Jersey , 2010
In this day and age, there is virtually no bit of information that cannot be discovered.? All you need to do is find the right resource.


In this day and age, there is virtually no bit of information that cannot be discovered.? All you need to do is find the right resource.? If you want to find out whether your current girlfriend or boyfriend has been married, you can find this out.? If you want to know whether your spouse is cheating on you, there are resources that can help you find this out as well.

And anyone that wants to find out who is calling them can now do so very easily.? But Authentic Tom Glavine Jersey , with so much information available on the Internet about the subject, it can become difficult to know exactly where to perform your search and what is actually involved.? The purpose of this article is to shed some much-needed light on the subject.

The most important question the majority of first time searchers usually ask about a reverse cell phone search is whether the results will cost money.? The answer to this question, regrettably, is yes.? This is a fact pertaining to this kind of search that cannot be avoided.? Certain privacy laws protect the personal information connected to each wireless number in America.

What this boils down to is that if you want to find out the identity of any unknown cell phone caller, you are going to have to do it with a directory that has already purchased this information from its original source ? major cellular carriers like AT&T Authentic Phil Niekro Jersey , Verizon, and Sprint.
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Don?t bother going to any of these cellular carrier?s websites and trying to find the answers to your questions there because these carriers don?t offer reverse directories for the wireless numbers they own.? Th. Cheap Max Shoes Cheap Air Max 2018 Cheap Nike Air Max Shoes Wholesale Nike Air Max Wholesale Air Max Shoes Cheap Air Max Kids Jordan 6 Shoes For Sale Air Max 2018 Outlet Cheap Jerseys Cheap Jerseys From China