The term payroll tax is usually used to refer to the taxes that employees and employers must contribute to Social Security and Medicare. It's technically any tax that's deducted from an employee's pay and forwarded to the government on their behalf, however. Employers must share in the Socia...
How does the government get the money to spend when running a deficit? Explain how some government tax revenue and spending can depend on the state of the economy. Explain how government use of taxes can be bad for the economy. How can government change the distribution of income?
The logic of the Laffer curve can be easily seen at the extreme ends of the taxation spectrum. If the tax rate is 0%, the government collects norevenue. If the taxation rate is 100%, the government will receive all revenue generated by the economy, and will thereby maximize its revenue....
Most of the oversight and regulatory responsibilities are delegated by the federal government to each state's governmental agencies. Nonprofit organizations currently don't have much impact on the national political landscape, but that could change. If you need help understanding how does the government...
The negative effect of the state ownership on tax avoidance is stronger among bigger firms and is weaker among firms with concentrated non-state ownership. Overall, our results suggest that the executives at SOEs have incentives to please the government through generous tax payments, and that these...
The article discusses various reports within the issue including the letter of Industrial Asset Management Council (IAMC) Chair Rick Little on familiar good site selectors, a notice on the 2009 Excellence in Corporate Real Estate Awards and a view of smart investing on state and federal government...
Received a bonus? Understand the bonus tax rate and how it affects your earnings. Learn what percentage of your bonus will go to taxes and get tips on managing your tax liability.
Experiencing a major life change or receiving a big refund or a high tax bill are all reasons to consider filling out a new W-4 form and adjusting your withholding amount.
How to file tax returns for previous years Filing a tax return for a previous year isn't as hard as you may think, but it does require a few steps. 1. Gather information The first step is gathering any information from the year you want to file a tax return for. Pull together your...
Advisors should be prepared for several tax-related changes, from adjustments to the tax brackets to an increase in the annual gift tax exclusion. At this time of year, as financial advisors review the previous 12 months with clients, they also look ahead to tax changes that may affect p...