Low-Income Housing Tax Credit

With the discovery of gold in the Powder River in the Sumpter Valley, prospectors from all around began their journey into the valley to see if they could make a profit. In 1935, the construction of the Sumpter Valley Dredge was underway, and one of the last gold dredges manufactured to work the river until it’s decommissioning nearly twenty years later. Sticking out from the dredge’s structure is 72 enormous one-ton buckets carrying loose rock back into the interior of the dredge. The Sumpter

Housing affordability is a prominent issue many New Zealanders are faced with. In particular, low-income households and first-time buyers experience great difficulty gaining access into the homeownership market and struggle to afford private rental housing. Current market conditions, commercial lending criteria and other factors tend to favour certain socio-economic groups, leaving low-income households and first-time buyers at a disadvantage. As a result, there is mounting pressure put on the government

INSTRUCTIONS FOR FILING 2012 U.S. S CORPORATION INCOME TAX RETURN May 12, 2014 SIGNATURE: An authorized officer of your S corporation should sign and date the return at the bottom of the first page. DUE DATE: File your 2012 Form 1120S on or before: March 15, 2013 The IRS may treat tax returns that are lost in the mail as not filed on time, unless you send them by registered or certified mail. To avoid the risk of your tax return being lost, mail it via (1) certified U.S. mail, return receipt requested

Federal Housing Administration (FHA), government sponsored enterprises such as the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) that increase the money available for lending, and the home mortgage interest deduction. When Congress re-introduced the federal income tax in 1913, the home mortgage interest deduction was included along with a number of other deductions as a concession for making citizens pay federal income tax. The deduction

often around the planet. The climate change became a threat to healthy environment and prosperity of humanity and wildlife, and the world community started searching for solution to combat climate change. In 2008 British Columbia introduced carbon tax on greenhouse gas (GHG) emissions to reduce global warming. Starting from $10 per tonne of CO2, the price was increasing annually till it reached $30 per tonne in 2012. During that period British Columbia was reducing harmful emissions and improving

The current federal income tax system in the United States (U.S.) is progressive based on the vertical equity principle. However, the tax code is getting increasingly complex and the wealthy are able to avoid paying taxes through loopholes. Hence, more people are yearning for fairness in taxation. With the looming 2016 presidential election, Senator Rand Paul’s proposal of ‘Fair and Flat Tax’ appears to have the most significant change to the current tax policy and I will now analyze if this proposal

federal tax policies as they affect us financially. Since the presidential campaign in 2016, President Donald Trump has proposed a series of tax reforms, including personal tax changes. As individual taxpayers, these changes will significantly affect us. Trump’s tax reforms on the individual side would hurt many Californians. 1) Trump’s income tax reform calls for

raise minimum wages. The Standard Self-Sufficiency Chart, 2012 Expense Cost Percent of Income Miscellaneous $366 8% Tax Net* $530 12% Health Care $413 9% Food $791 17% Childcare $1,454 32% Transportation $260 6% Housing $740 16% Total $4,553 100% Source: Center of Women’s Welfare, Dr. Diana Pearce The actual percentage of income needed for taxes without inclusion of tax credits is 18%. However, with tax credits included, as in the Standard, the family receives money back, and the amount owed in

policies of the Reagan administration in the 1980s, inequality and unemployment heightened. “Between 1976 and 2006 (...) ation-adjusted per capita income increased by 64 percent, for the bottom 90 percent of households it increased only by 10 percent. For the top one percent of households it increased 232 percent,” (Wisman 2013, 932) causing an income gap. Another arsing issue was globalization after World War II. The economy’s structure changed and outdated previous economic policy. Manufacturing

organizations that work directly with poor people stand a better chance of learning how to meet their needs” (Bily, 2009, p 71). He believes charitable organizations are more flexible, accountable, and efficient. The poor would be better served by a new tax policy directing more money to private charities and less to the federal and state government. The role of charitable organizations is better than the government as a source of aid. It is easier for donors or volunteers to hold charitable organizations