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Special Report on

The Tax Foundation

the tax foundation special research report Photo by rydersphotos.com
Tax Day, April 15, is looming for the nearly 142 million Americans who will file a tax return for income earned in 2009. While most taxpayers worry about paying the correct amount and even pay for professional assistance to make sure they do, many millions of tax filers will be "nonpayers." A nonpaying tax return is one filed by an individual or couple who, thanks to legal credits and deductions, owes nothing. Most people who get a refund after filing their tax returns are not nonpayers; they have overpaid their taxes through paycheck withholding and are being refunded just a tiny portion of that payment. But during ...
-based tax research organization. Every dollar that is officially considered income by the government is counted, and every payment to the government that is officially considered a tax is counted. Taxes at all levels of government—local, state and federal—are included. The concept of Tax Freedom Day was developed in 1948 by Florida businessman Dallas Hostetler, who trademarked the phrase "Tax Freedom Day" and calculated it each year for the next two decades. In 1971, Hostetler retired and transferred the trademark to the Tax Foundation . The Tax Foundation has calculated Tax Freedom Day for the United States ever ...
REVIEWS AND OPINIONS
Morning Bell: The Obama Tax Tsunami is Here
You should prepare a list of all the tax increases coming 1/1/11 from Obamacare, expiration of the Bush rates, what’s hidden in the Dodd-Frank fiasco, etc., leading with the INDIVIDUAL tax increases and fees The average Joe will not read all the policy papers, but he will scan a list (the longer the better) to find the taxes that hit him. I could then paste it or the link and email it to my friends. Vote out the dems in 2010 and vote out Obama in 2012. It will be the last chance to save this country. If the dems win in Nov it will be all over folks with no chance of ever winning back the USA we once knew. Very serious ... market research, surveys and trends
Bush Tax Cuts Calculator Shows How Expiration Would Affect Clients
Today, the Tax Foundation posted a “Bush Tax Cuts” calculator to show how the expiration of Bush’s tax cuts would hit individual taxpayers. The calculator can be found on www.MyTaxBurden.org and it allows taxpayers to compare 2011 income tax liability if Bush tax cuts expire or are extended. Here is the post from the Tax Foundation today : Washington, DC, July 23, 2010 – The Tax Foundation has launched a “Bush tax cuts” calculator at www.MyTaxBurden.org, which allows taxpayers to compare their 2011 federal income tax liabilities under three scenarios: if all the Bush tax cuts expire completely at the end ... market research, surveys and trends

SURVEY RESULTS FOR
THE TAX FOUNDATION

The Tax Foundation - Number of Americans Paying Zero Federal ...
With the April 17th deadline for federal tax returns looming, Americans are sharply aware of their federal income tax liabilities. However, one aspect of federal income taxes they may not be aware of is the growing number of Americans who pay zero federal income tax after taking advantage of deductions and credits. During 2006, Tax Foundation economists estimate that roughly 43.4 million tax returns, representing 91 million individuals, will face a zero or negative tax liability. That's out of a total of 136 million federal tax returns that will be filed. Adding to this ... industry trends, business articles and survey research
Taxes by State
If you plan to move to another state when you retire, examine the tax burden you’ll face when you arrive. State taxes are increasingly important to everyone, but retirees have extra cause for concern since their income may be fixed. States are listed alphabetically in three sections: Alabama-Iowa , Kansas-New Mexico , New York-Wyoming Many people planning to retire use the presence or absence of a state income tax as a litmus test for a retirement destination.  This is a serious miscalculation since higher sales and property taxes can more ... industry trends, business articles and survey research
RELATED NEWS
Tax Calculator: What You Might Pay in 2011
With health care and financial reform out of the way Washington is now gearing up for the next battle royal: What to do about the Bush tax cuts that are set to expire at the end of this year. A quick cheat sheet of what’s on the table in the early going of D.C. deal making: The Obama Administration wants to keep (”extend” in Washington speak) the Bush tax cuts for what it defines as middle Americans: married couples with income below $250,000 and individuals with income under $200,000. Higher income earners would see their income tax rate revert to the pre-Bush levels, with the highest rate rising from ... market trends, news research and surveys resources
Taxes With and Without Bush Tax-Cut Extension
(3) Congress passes the tax laws proposed in President Obama’s budget, letting some tax cuts expire, extending some, and enacting some new tax laws. Be prepared before you use the calculator as it is is fairly complicated, with 19 inputs from income to the number of dependents and dividend income. Real Time Economics gave it a (very) rudimentary test. We tried the calculator for a married couple that makes a combined $100,000, has 2 kids under 17 and pays a total $7,000 in state, local and real estate taxes with a $1,000 mortgage interest deduction. The net income tax results: If Bush tax cuts expire, $12,340 If all Bush ... market trends, news research and surveys resources

INFORMATION RESOURCES

Who Pays America's Tax Burden, and Who Gets the Most Government ...
The tax Foundation, a nonprofit, nonpartisan research and public education organization, has moni- tored tax and fiscal activities at all ... technology research, surveys study and trend statistics
TAX FACTS
According to the Tax Foundation, as of 2005 (the most recent data available), ... Now, as the Tax Foundation points out, Tax Freedom Day is nearly three ... technology research, surveys study and trend statistics
THE TAX BURDEN IN ARIZONA
The Tax Foundation provides an alternative measure of tax burden for the ... The Tax Foundation's measure of tax burden is defined to answer the question ...
REAL TIME
THE TAX FOUNDATION
  1. profile image Dentaloffice Behind the Silver Screen: Deficits, Unfiled Tax Returns: But the Community Theatre Foundation has Maintained its T... http://bit.ly/cuPS18
  2. profile image FreeExpatriates How the U.S. Tax Code Hobbles Public Diplomacy in Asia | The Heritage Foundation http://ow.ly/214L4 #expatriates
  3. profile image deserttaxguy New tax estimator is outby Tax Foundation to calculate the effects of expiring Bush tax cuts. http://www.mytaxburden.org/
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QUESTIONS AND ANSWERS
What items are taxable under the pa sales tax? - Yahoo! Answers
Dear M: Look at "The Tax Foundation" and PA list of 74 items not currently taxed in PA. Your Governor is proposing a reduction in the sales tax from 6 to 4%, but the inclusion of the 74 exempt items now not taxed. Some items currently not taxed: The American flag, helicopters, tips, food and some services. The Tax Foundation has a great article. This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent 5 months ago Sign in to vote! 0 Rating: Good Answer 0 Rating: Bad Answer ...
The tax man's taken all my dough | Ask MetaFilter
Trickle-down theorists are quick to object that higher taxes would cause top earners to work less and take fewer risks, thereby stifling economic growth. In their familiar rhetorical flourish, they insist that a more progressive tax system would kill the geese that lay the golden eggs. On close examination, however, this claim is supported neither by economic theory nor by empirical evidence. The surface plausibility of trickle-down theory owes much to the fact that it appears to follow from the time-honored belief that people respond to incentives. Because higher taxes on top earners reduce the reward for effort, it seems ...