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It's a topic that many presidential candidates are addressing on the campaign trail, and now one local Assemblyman is discussing it Albany. Assemblyman Phil Palmesano introduced legislation to make college more affordable Wednesday. "The average debt that a New York State Student has is nearly $28,000, and nationally it's $29,000. We need to make sure for kids that are pursuing college, that it's more affordable," said Assemblyman Palmesano. Assemblyman Phil Palmesano and his fellow Assembly

deductions and lose out on $2,000. In general, families will be hurt from the changes while individuals will benefit. The situation is even worse for single-parent families due to the significantly lower standard deduction for single filers when compared to married or joint filers. Although the changes above will be impactful, there are still greater changes in the bill. The biggest changes of the Act are on corporate taxes, with many of these changes being beneficial for the corporates. First, corporate

As the table shows(Trump unveils, 2016 and Table 1), the number of tax brackets is reduced from seven to just three for joint filers; $0-75,000, $75,000-225,000, over $225,000. The standard deduction is being raised ($15,000 for single filers, $30,000 for joint filers). The head of household status is abolished. The marginal rates applied to the new brackets are, respectively, 12%, 25% and 33%. The previous 39.6% rate is reduced by 6.6 percentage

sole proprietorship or partnership? (Form 1040A filers go to line 25.) No. Enter -0-. Yes. Enter the amount here . . . . . . . . . . . . . . . . . . . . 23 23 Subtract line 22 from line 15 . . . . . . . . . 24 Deductible benefits. Enter the smallest of line 20, 21, or 22. Also, include this amount on the appropriate line(s) of your return. See instructions . . . . . . . . . . . . . 22 24 25 Excluded benefits. Form 1040 and 1040NR filers: If you checked “No” on line 22, enter the smaller

exemptions are phased out for joint filers with incomes greater than $300,000. If your combined income increases, this may apply to you. The Affordable Care Act also has income tax provisions. There is a new Medicare tax of 0.9% on earned and unearned income for joint filers whose AGI exceeds $250,000. Net investment income (which includes interest, dividends, capital gains, royalties, annuities, passive rental income and distribution from retirement plans) for joint filers whose modified adjusted

need advice on how to avoid tax mistakes along the way, here it is. Tax Planning Gather necessary paperwork and place it near tax booklets, 1099s, and W-2s. Include last year's tax returns and social security numbers in the pile. Additionally, tax filers should pick a date to file taxes. Ensure fee happenings are occurring that day. Concentrate on completing your taxes. Since tax filing can become stressful, dedicating time toward taxes lessens the chance mistakes occur due to rushing, incorrect

corporate America, along with the “trickle down” effect bankruptcy eventually has on consumers in today’s market place. The “trickle down” effect can best be described as the increased cost of credit consumers are forced to pay on behalf of bankruptcy filers. Although this may not be a charge that specifically states “fee for corporate losses incurred by individual bankruptcy filings last fiscal year” and arrives along with the description of other charges outlined in your “Truth in Lending” disclosure

Two copies MUST be filed with the BIR and one held by the Tax Filer. 2 Amended Return? 170106/13ENCSP1 BIR Form No. 1701 June 2013 (ENCS) Page 1 1 For the Year 12 (MM/20YY) 4 Alphanumeric Tax Code (ATC) /20 1 3 Yes X No 3 Short Period Return? Yes No II 011 Compensation Income II 012 Business Income / Income from Profession X II 013 Mixed Income Part I – Background Information on TAXPAYER/FILER 5 Taxpayer

cheaper, better, and faster. 2) The cost of XBRL report for small companies The main reason for this exemption is the cost to prepare and file the XBRL report. But, as the two papers mentioned in the question argued, “A recent study of smaller filers by the AICPA showed that the median cost to file in XBRL in the US for the companies that would be covered by the exemption is USD $8000 annually, covering the detailed tagging of 3 quarterly financial statements and 1 annual financial statement,

Additionally, with the rich paying so little in taxes, most don't even pay their taxes! “About 46 percent of all tax filers (individuals or households) pay no federal income taxes each year because of various exclusions. More than half of the tax revenue lost to the most common tax exclusions stays in the pockets of the richest one-fifth of Americans, according to an analysis by the Congressional Budget Office. By contrast, high earners who paid no tax were primarily able to do so because of a wide