Non Taxable Income Limit
Question: Mitt Romney asks: How do you simplify the tax code?
My answer is: start over again from the very beginning. Do not create separate categories such as Captial Gains. Qualifying and Non-qualifying dividends. Interest is taxable, also Dividend income. Gain on sale of a house should have no limit. All those with incomes in excess of $200,000 taxable.
Answer: and your question is what here? Looks more like you’re offering your opinion here than asking a question.
New Laws Effective January 1, 2010
The following legislation will take effect beginning Jan. 1, 2010.
Fiscal Commission Public Forum 2 of 7
Taxable Income Limit
Question: is their a limit on social security income before it is taxable?
Answer: Normally Social Security is not taxable if thats all the income you have. It depends on your other income as to whether or not and how much of your social secuirty is taxable.
Capital gains tax
A new rate of capital gains tax ( CGT ) of 28% has been introduced with effect from midnight tonight.
Workman’s Comp : Is Workman’s Comp Taxable Income?