The A.M.T. is a parallel system for calculating tax liability intended to ensure that high-income taxpayers pay a substantial amount in federal tax even if they have large deductions or other items to offset income.
I always felt thrilled and amazed that I could put actor on my tax form.
There should be a 100% income tax in incomes above the amount needed to supply all the comforts and true refinements of life.
The problem with being an employee or self-employed is you pay the highest taxes.
It is my belief that one's salary is between an individual and the IRS.
When I started to pay income tax, I was 50 years old.
And my response is 70,000 people in the state of Maine that paid income tax in 2011 will not be paying income tax in 2012.
A fairer system bases itself on actual outcomes - if you earn more you pay more, through progressive income tax.
America's got quite reasonable tax rates from an employee point of view.
All the money I have, I got it legally.
Raising the traditional and early retirement ages will mean extending workers' taxable earning years, fueling economic growth and putting a dent in our unfunded-liabilities crisis by delaying payouts.
Most years, if you were to ask me how much I make, the genuine answer is that I have no clue. I usually find out the answer to that question once a year, at tax time, when my accountant tells me.
It is my belief that tax credits only go to people who are making money, and they generally keep it.
Exempt all from taxation below a certain point, and ... tax the higher portions of property in geometrical progression as they rise.
PAYE means pay as you earn but it could also mean Pretty Accurate Yet Estimated.
