So some have argued that if you get rid of a state’s income tax, that state will perform better economically. This argument has been going on for a while, but this report in AccountingToday by Michael Cohn says this may be flawed thinking:http://www.accountingtoday.com/debits_credits/States-High-Income-Taxes-Outperform-States-No-Income-Tax-65927-1.htmlMaybe it means that each state’s economy is different and taxes are not the only criteria.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Tax bills for rich families approach 30-year high
Well, the Democrats are saying the rich should pay their fair share, the Republicans say one tax increase a year is enough, see this article in USA Today and you decide:http://www.usatoday.com/story/money/personalfinance/2013/03/03/tax-bills-rich-families/1960375/I don’t see a thing in here about spending cuts, just tax increases (oh yeah, when they couldn’t agree there were automatic spending cuts across the board.)Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Depreciation Limits for Cars Released
The IRS has released depreciation limits for 2013. See the article in AccountingToday by Jeff Stimpson and this pdf on the IRS website for more info:http://www.accountingtoday.com/news/Depreciation-Limits-for-Cars-Released-65859-1.htmlhttp://www.irs.gov/pub/irs-drop/rp-13-21.pdfRemember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com