The 2011 tax tables are out for federal and California. These can be used for last minute tax planning by your tax preparer when you set up a tax planning appointment before year end (I hope you are doing this unless you have a simple return – there may be ways to save taxes without incurring a lot of additional costs). If you would like to make a tax planning appointment with me, email me at bstonercpa@sbcglobal.net . Here are the tables:Federal (PDF Distributed by Wells Fargo) https://saf.wellsfargoadvisors.com/emx/dctm/Marketing/Marketing_Materials/Life_Events_Planning/0000588524.pdfCalifornia (link to FTB Site)http://www.ftb.ca.gov/forms/2011_California_Tax_Rates_and_Exemptions.shtmlHope to hear from you.
Brian’s Tax Musings
Well Governor Brown signed the “Amazon Bill” AB155 Friday, postphoning the required collection of California sales tax by Amazon and other online retailers until September 15, 2012. It also exempts these types of sales if they are less than $1,000,000. Here is an article showing a post from the Governor’s official website:http://www.abestweb.com/forums/california-affiliate-tax-536/ab155-signed-cas-affiliate-nexus-law-delayed-until-sep-2012-a-149141.htmlThis also means that 25,000 affiliates in California will be back to working with Amazon. Talk about job creation! Just remember to buy your DVDs before next September.
Brian’s Financial Musings
Well the Fed is buying long term treasuries and selling short term treasuries. What will happen? The goal I think is to keep interest rates low, both short and long term, probably to spur corporations to borrow and make money and hire people. Here is an article that talks about it:http://online.wsj.com/article/BT-CO-20110922-712602.htmlThe fed did promise to keep interest rates low for at least two years, and I guess this is how they plan to do it; this keeps long term rates low and the fed sets short term borrowing rates. After two years, what will happen? We will see.