June 2, 2008
Corporate Income Tax
Scholarly research is supporting what corporate executives have known for years, corporations do not pay corporate income tax, they pass it on. At issue has been to whom. Most assumed consumers get hit but no research is showing that company blue collar workers may pay up to 70 percent, 70 percent, of corporate tax in reduced wages. Unions should lobby against, not for corporate tax.
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How much did you pay as taxes - You can estimate how much you paid as taxes the previous year, and how much more or less will you be paying this year? You can do this by getting the details of the previous year's personal income tax returns and comparing it with your present income tax. All information in this regard are found in form 1040; line 62, which also give detailed information on your total tax liability for the year.
Posted by: deepak income tax | Jul 29, 2008 1:40:05 AM