During these tough economic times, Recovery Act tax cuts are helping hard-hit middle class families.
This is a sign that people are taking advantage of the Recovery Act tax savings this year.
To help taxpayers see for themselves exactly how they can benefit from Recovery Act tax credits and collect every dollar owed when they file this tax season, the White House today launched a new interactive Tax Savings Tool available at www.
On Wednesday, March 24th, Secretary Duncan will meet with students and parents that stand to benefit from the American Opportunity Credit for college expenses at Northern Virginia Community College in Annandale, VA. Secretary Chu will visit Seaway Manufacturing Corporation, a manufacturer of energy efficient home improvement products that qualify for the Recovery Act tax credits, in Erie, PA on Friday, March 26th.
Before the 2001 tax act passed, tax brackets were 67 percent wider for joint filers than singles.
And the agency does feel compelled to act on tax problems that appear in the newspapers.
It would strip from the Affordable Health Care Act a tax on medical devices that has been unpopular since it was created.
The 2010 Tax Relief Act extended the 2010 tax rates through 2012.
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North Dakota, a U.S. Supreme Court decision which stated that companies do not have to act as tax collectors for a state unless they have a substantial physical presence-or a "nexus"-in the state.
Germany and others argue in this instance that it is politically impossible both to encourage total capital mobility by means of a single currency, while allowing some countries within the union to act as tax havens for the savings of others.
It would repeal the sunsets of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and of the Jobs and Growth Tax Relief Reconciliation Act of 2003.
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See Hani Sarji, Americans for a Fair Estate Tax, a coalition of national and state organizations, backs S. 3533, the Responsible Estate Tax Act, Future of the Federal Estate Tax, July 28, 2010.
It took less than three pages in the 157-page American Taxpayer Relief Tax Act Of 2012 to resolve all the estate tax uncertainty.
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The Democratic effort to launch S.B. 940, known as the Close Big Oil Tax Loopholes Act, would have ended tax breaks for the top five most profitable oil companies.
Based upon the current reading of the Illinois Estate Tax Act as last amended, there is no Illinois estate tax or returns due at this time for 2010 decedents as a result of Federal inaction to extend the Federal estate tax for decedents dying during the calendar year 2010.
Without the 2010 tax act, federal fiscal policy would have been restrictive this year because of the previously scheduled tax increases and the waning of the effects of ARRA (the stimulus).
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The Tax Reform Act of 1986 basically cleaned out bloated tax benefits, like the Investment Tax Credit, as a way to generate enough revenue to allow for a significant lowering of marginal tax rates.
For example, the Tax Reform Act of 1986 reduced the top personal income tax rate to 28% from 50%, and collapsed the number of tax brackets to 4 from 15 while leaving projected revenues unchanged.
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In the Tax Reform Act of 1986, he reduced the federal income tax rate for "folks who make less" all the way down to 15%.
The Tax Reform Act of 1986 was a massive reboot of the income tax system.
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The most meaningful provision in the 2010 Tax Relief Act was the 2% cut in the Social Security tax rate, from 6.2% to 4.2% (Medicare remains uncapped at 1.45%).
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Sponsored by Representatives Steve Largent (ROklahoma) and Bill Paxon (RNew York), the Tax Code Termination Act will scrap the entire federal income tax code (except for Medicare and Social Security) on Dec. 31, 2002.
Ready for how simple filing a tax return under the Flat Tax Act is?
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Specifically, CTJ would like to see S. 3533, The Responsible Estate Tax Act, enacted.
To add insult to injury, the 1988 act made the tax break retroactive to 1983.
The bedrock of the Recovery Act was a tax cut for 95 percent of working Americans.
That is what happened with the tax act that Congress passed on Dec. 17, 2010.
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House Speaker Dennis Hastert said Friday that Republicans would act on a tax package later this year.
The American Taxpayer Relief Act extended the tax credit through 2013, making it retroactive to Jan. 1, 2012.
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