... spectacle of round-the-clock bargaining and chaos that marred negotiations in 2007 and 2009 ... through a tax amnesty program and changes in state rules on unclaimed property and to expand liquor sales.

... taxes in the U.S., it's the income tax — and the annual April 15 deadline for filing returns — that gets most of our attention. But that's only part of the picture — there are property taxes and sales ...

... sales. August's sale slide was not as severe as July's 29 percent plunge. And total sales for the month were up about 5 percent from June. Home sales across the country have slowed since federal home buying tax ...

... which seeks to reduce to budget deficit to 7.3 percent this year from 9.3 percent in 2009. Its record has been patchy so far. The Finance Ministry reported last month that although tax revenue this year was up ...

Question 1 on whether to remove the sales tax from alcohol, a budget-balancing maneuver approved in 2009, would fail 38-60 percent if the vote were held tomorrow, the survey showed. Respondents rejected Question 2,

car sales were 31 percent higher than in May 2009, a spike likely attributable to the coming tax change and dealer incentives, said Marshall Vest, an economist at the University of Arizona's Eller College of Management.

car sales were 31 percent higher than in May 2009, a spike likely attributable to the coming tax change and dealer incentives, said Marshall Vest, an economist at the University of Arizona's Eller College of Management.

seeks to cut the sales tax on Jan. 1. It was hiked from 5 percent to 6.25 percent in 2009 to raise about $900 million to help balance the state budget. Cahill, who supports returning the sales tax to 5 percent,

... sales that beat estimates. Comparisons with 2009 will become harder as the year unwinds ... watches as shoppers from mainland China buy timepieces there to avoid luxury tax. Wealthy Chinese consumers own 4.4 ...

announced that total sales for the four weeks ended August ... adjusted earnings from continuing operations for the third quarter 2009 of $0.25 per diluted share, which excludes a tax benefit of $0.07 per diluted ...

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here is an annual statement. I got this from technistock. the operating margin is 33.39. my problem is i do not know how it was solved. and i do not know where the sales is. as the operating margin = (operating income/ sales) *100 please help. thank you. 2009 STATEMENTS OF INCOME Years ended December 31 OPERATING INCOME Listing related income: Listing fees 66,200,050 Listing maintenance 134,812,097 Processing fees 1,080,000 Interest 86,830,346 Membership fees: Transaction 66,205,348 Subscription 18,243,119 Processing 33,210,297 Membership assessment Entrance Data feed 21,624,533 Service fees 177,575,563 Dividend income 30,950 Foreign exchange gain - net Miscellaneous 16,446,607 Total operating income 622,258,910 OPERATING EXPENSES Compensation and other related staff expenses 166,807,334 Trade guarantee expense - Depreciation and amortization 34,011,571 Occupancy costs, excluding depreciation and amortization 41,080,545 Provision for probable losses - Infrastructure fees - Repairs and maintenance 12,864,360 Professional fees 38,647,028 Donation and contributions 1,560,000 Foreign exchange loss (gain) 3,565,395 Provision for (recovery from) impairment loss -4,701,263 Amortization of pre-operating expenses 5,290,538 Loss on trading error - Membership development 3,760,071 Trading technology, computer maintenance and other trading-related expenses 9,783,270 Taxes and licenses 5,397,000 Office expenses 4,102,250 Representation and entertainment - Market development 1,072,638 Insurance - Travel and transportation 4,754,430 Conferences, meeting and seminars - Miscellaneous 16,525,279 Total operating expenses 344,520,446

Much has been written about the harm that illegal aliens cause to Americans, legal aliens, hospitals, governments, and others in the U.S. In this article, I will explain some of the ways in which the millions of illegal aliens in America hurt America’s senior citizens. A large percentage of people in America’s prisons are illegal aliens. Illegal aliens who are wanted for crimes in other countries prefer to be in America where crime is more lucrative and prisons have nicer accommodations. Criminals prey upon the weak. In many cases, that means the young, the elderly, and the handicapped. Often, senior citizens are the targets of criminals who are illegal aliens. One of the main ways that illegal aliens hurt senior citizens is through identity theft. Senior citizens live on their identity for retirement checks, social security funds, Medicare medical services, retirement funds, etc. Although everyone is at risk for identity theft, senior citizens are more exposed to the possibility of becoming victims. Identity theft costs Americans billions of dollars per year. The presence of millions of illegal aliens in the U.S. is the chief engine that is driving the identity theft criminal activity. Following are three paragraphs from an identity theft article in the August 2007 edition of Good Housekeeping magazine. “In Utah and Houston, where many cases of Social Security ID theft are in the courts, prosecutors say that a majority of imposters are illegal immigrants. There are no national statistics.” “‘Some immigrants cross the border, go to an ID mill, and say, “I need an SS card and this is the name I want on it,” explains Houston Assistant District Attorney John Brewer. ‘They get jobs, start working, and eventually—when they realize they’re not going to get caught—grow more comfortable with the number. Then they go the next step and sign up for a car loan or mortgage.’” “And they usually get away with the crime because there are surprisingly few checks to stop this kind of theft, say prosecutors: Employers aren’t required by law to verify Social Security Numbers and some car salesmen and mortgage brokers are willing to overlook a fishy credit report in order to complete a sale.” A news article which appeared on ABC7Chicago.com for July 11, 2005 stated, “An elderly woman on Chicago’s South Side may be the victim of identity theft and could lose her home because of it. Eighty-three-year-old Lillybella Peagram has lived in the 3500-block of West Van Buren for 45 years. Recently, she received notice from a bank that they will be foreclosing on her home due to an unpaid $150,000 loan taken out in 1990. Peagram says she never took out any loans. Her friends believe her identity was stolen.” A woman in California who had not worked in years got a letter from the IRS demanding over $15,000 in back taxes from a job in Texas. She investigated and learned that her identity had been used at 81 jobs in 17 states from Florida to Washington State. Although it can not be proved, it is likely that her identity was used by illegal immigrants. But, identity theft by illegal immigrants doesn’t just hurt senior citizens financially. It hurts senior citizens physically, too. An insurance card or a Medicare ID number is like a credit card with a two million dollar credit limit. A headline on the front page of the March 15, 2009 edition of the Chicago Tribune told readers, “In the U.S. illegally, Mariana de la Torre used a fake ID to get $530,000 worth of medical care. . . .” When a fake ID is used to obtain medical care, the permanent medical record of the true person becomes POLLUTED with false information. This is very dangerous. Imagine that your mother’s identity was stolen for medical services to an illegal alien. Then, imagine that your mother is in a car accident, that she is taken to a hospital, and her permanent medical records are polluted with false information because of ID theft by an illegal immigrant. http://illegalaliennewsupdate.com/archives/9470

The unexpectedly deep plunge in home sales this summer is likely to force the Obama administration to choose between future homeowners and current ones, a predicament officials had been eager to avoid. Over the last 18 months, the administration has rolled out just about every program it could think of to prop up the ailing housing market, using tax credits, mortgage modification programs, low interest rates, government-backed loans and other assistance intended to keep values up and delinquent borrowers out of foreclosure. The goal was to stabilize the market until a resurgent economy created new households that demanded places to live. As the economy again sputters and potential buyers flee — July housing sales sank 26 percent from July 2009 — there is a growing sense of exhaustion with government intervention. Some economists and analysts are now urging a dose of shock therapy that would greatly shift the benefits to future homeowners: Let the housing market crash. When prices are lower, these experts argue, buyers will pour in, creating the elusive stability the government has spent billions upon billions trying to achieve. “Housing needs to go back to reasonable levels,” said Anthony B. Sanders, a professor of real estate finance at George Mason University. “If we keep trying to stimulate the market, that’s the definition of insanity.” The further the market descends, however, the more miserable one group — important both politically and economically — will be: the tens of millions of homeowners who have already seen their home values drop an average of 30 percent. ... Source: http://www.nytimes.com/2010/09/06/business/economy/06housing.html?src=busln Your thoughts?

Dear Sir, My father was allotted a Plot by Punjab Urban planning & Development Authority (PUDA), Jallandhar on 26 May 2005 on payment of 25% of cost. The balance payments were paid in installments, the last installment was paid on 24 Nov 2008. As per their Terms & Conditions the allottee shall complete the building within 3 years from the date of issue of allotment letter (26 May 2005). He completed the minimum permissible construction (25%) comprising of one bedroom, one bathroom and one kitchen as per norms in Dec 2009. Now, he wants to settle down in Bangalore and has applied for a flat being constructed by Army Welfare Housing Organisation Society (AWHO). He has no other property. The flat in Bangalore has been booked on his name vide AWHO Booking letter dated 02 Aug 2010 with Probable Date of Completion (PDC) June 2013. The Payment schedule is 20% cost in Nov 2010, 20% cost in Feb 2011, 20% cost in Jul 2011, 20% cost in Jan 2012, 15 % cost in Jul 2012 and 5 % of balance cost + escalation etc 3 months before possession date. I have following questions to ask :- 1.When can my father sell the PUDA plot (with 25 % constructed house ) to take advantage of exemption of Income Tax accrued from Long Term Capital Gain (LTCG)? The 3 years period for LTCG will commence from which date i.e. (a)Date of Allotment (26 May 2005) or (b)Date of last payment (24 Nov 2008) or (c)Date of Registration (May 2009) or (d)Date of 25 % completion of House (Dec 2009)? 2.As per IT Rules the gain on LTCG can be spent for construction of house within 3 years from the date of sale of property. If he sells the PUDA property in May 2011, can he draw the benefit of LTCG for the payments for Bangalore Flat scheduled in Jul 2011, Jan 2012, Jul 2012? 3.As per the Clause 54 of IT on LTCG, the income from the LTCG can be utilized for purchase of house within a period of one year before or two years after the date of purchase of house or within 3 years in construction, of a residential house. My question is the Bangalore Flat under construction by AWHO will fall into which Category for the purpose of exemption from LTCG i.e. (a)Construction category where the period given is 3 years or (b)Purchase category where the period is one year before or 2 years after the date of purchase of house 4. How can he get max exemption from LTCG if he sells his PUDA house and what should be the likely date for selling the PUDA house to gain maximum benefit? I shall be very grateful if my above queries are answered. Thanks and regards, GG Singh, Delhi 9958493136

Please summarize this is 2 paragraphs!! im having difficulty and its late in america. 1:30 a.m. and i have school 2morrow!! HELP! ASHINGTON (MarketWatch) -- Pending home sales in July rose 5.2% from downwardly revised June levels, the National Association of Realtors reported Thursday, though the indicator shows the market for existing homes is still depressed after the expiration of a key tax benefit. As the availability of a home buyer tax credit worth as much as $8,000 expired at the end of April, the pending home sales index plunged 29.9% in May and another 2.8% in June. The NAR had initially reported a 2.6% drop for June. The July index came in better than the 1% monthly drop that economists had forecast, though sales in July were nonetheless 19.1% below those during the same month in 2009. The data reflects contracts and not closings, which normally occur with a lag time of one or two months. The NAR index is based on a large national sample, typically representing about 20% of transactions for existing-home sales. The May plunge in pending home sales hinted at the 27.2% plunge in existing-home sales reported in July. "Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery," said Lawerence Yun, chief economist for the trade group. "For those who bought at or near the peak several years ago, particularly in markets experiencing big bubbles, it may take over a decade to fully recover lost equity." Though the pending-home-sales index isn't always a reliable indicator of future existing home sales, the report is consistent with a rebound from July's record low of 3.83 million to around 4.4 million in August, according to Paul Dales, U.S. economist at Capital Economics. "That would be a spectacular 15% month-on-month jump, but it would not even reverse the falls seen after the expiry of the tax credit and would leave sales at levels not sustained since 1997." About half of all households have less than 20% equity in their home, meaning they won't be able to get another mortgage, he said. Pointing to the 4.43% 30-year mortgage rate, he said even the housing bargain of a lifetime is not enough to bring the market back to life. Steve Goldstein is MarketWatch's Washington bureau chief.:( oh well i guess ill jux do my own hw...

I'm a native of West Central Florida and have lived here all my life. I'm 29 and after spending a couple months in Northern Delaware in summer 2009, I have fallen in love with the region, the weather, and am thinking of relocating there. I already know the basics of the area and already have my favorite places (Season's Pizza, WaWa etc. LOL) but, seriously, what is the weather like in the winter? I would love to experience the seasons, including the snow, but is road ice bad? Will I get to see any fall color? I know the state is sales-tax free, but income taxes are around 5 to 6%, right? Property taxes and auto insurance/home insurance certainly appear miles cheaper there than here. Not certain yet, I'm just doing some exploratory work right now... Thanks for any help, everyone!

It is no question that our tax system has failed: (http://www.cbsnews.com/stories/2009/04/15/politics/otherpeoplesmoney/main4945874.shtml) You can pay little to no money, and often earn money, by using tax credits or breaks meaning you receive all of the federal governments services for no cost: (http://keithhennessey.com/2010/04/15/off-the-rolls/) Should we have a flat tax, just a sales tax, a combination of both or fix what we already have? or any other ideas?

Sales of existing U.S. homes fall 27% Sales of previously owned homes plunged 27.2% nationally in July -- fallout from the expiration of a popular federal tax credit that had fueled the market for much of the year. The big drop, which was worse than what many analysts had expected, sent stock markets tumbling Tuesday morning as investors feared a double dip in housing. The blue-chip Dow Jones industrial average fell more than 1%, as did the S&P 500, a broader measure of stocks. The National Assn. of Realtors said that the seasonally adjusted annual rate of sales was 3.83 million units in July, a drop from the downwardly revised 5.26-million-unit rate in June and a 25.5% drop from the 5.14-million-unit level in July 2009. It was the lowest sales level since 1999. The sales rate for single-family homes -- which accounted for the bulk of sales -- was at its lowest level since May 1995. http://www.latimes.com/business/la-fiw-home-sales-20100824,0,4314929.story?track=rss Yes a RECORD LOW in 15 YEARS, just think IF the 'brilliant" Obama actually created jobs they would have MONEY to buy homes, and the jobs by the way , are in the PRIVATE sector, you know the companies run by the "rich guys" that the liberals hate.

just wanted to know if i had the answers right DILLON COMPANY Income Statement For Year Ended December 31 2009 2008 Net sales (all on account) $600,000 $520,000 Expenses Cost of goods sold 415,000 354,000 Selling and administrative 120,800 114,000 Interest expense 7,000 6,000 Interest tax expense 18,000 14,000 Total expenses 561,600 488,800 Net income $38,400 $31,200 DILLON COMPANY Balance Sheets December 31 Assets 2009 2008 Current assets Cash $21,000 $18,000 Short-term investments 18,000 15,000 Accounts receivable (net) 86,000 74,000 Inventory 90,000 70,000 Total current assets 215,000 177,000 Plant assets (net) 423,000 383,000 Total assets $638,000 $560,000 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $122,000 $110,000 Income taxes payable 23,000 20,000 Total current liabilities 145,000 130,000 Long-term liabilities Bonds payable 120,000 80,000 Total liabilities 265,000 210,000 Stockholders’ equity Common stock ($5 par) 150,000 150, 000 Retained earnings 223,000 200,000 Total stockholder’s equity 373,000 350,000 Total liabilities and $638,000 $560,000 stockholders equity my answers (a) Current = 1.61:1 (b) Acid-test = 8.77:1 ? (c) Receivables turnover = 7.5 (d) Inventory turnover = 5.19 (e) Profit margin = 64 % (f) Asset turnover = 1.41 (g) Return on assets = 73%

Here's my situation: In September 2009 I bought a house. I amended my 2008 single tax return to get the $8,000 first time homebuyer tax credit right away. In August 2010, I sold the house because my husband and I split. I bought the house for $85,000 and sold it for $100,000. The net profit was only $11,158 after the mortgage, realtor, attorney and fees were paid. My question is, how much of the $8,000 will I have to pay back? I know I will have to pay it back because I sold the house within 36 months, but my adjusted gross is only around $15,000, and I will again file a single return for 2010 (filed single in 2008, joint for 2009 and adjusted gross was much higher that year). Will the pay back amount be based on my income and/or the sale price of the house? Is there any way for me to pay that back now, instead of waiting until next tax season?

Federal Spending level frozen or 10-20% Reduction Income Tax rates cut by ~25% Capital Gains taxes cut by 50% Sales Taxes Frozen FICA Frozen Foreign Tariffs Frozen Commercial and Industrial Regulations Frozen, or relaxed some. No new Government programs. This is a sample not all inclusive or selective. But I think the point is shown here (Government steps out of the way of the market).

It is August 5th, 2010. Obama has been in office since January 20th, 2009. You print up some key metrics on the economy, retail sales, unemployment, gdp, etc., and take it back to January 20th. Pick whichever one of these metrics you want, or all, if you endeavor. You sit down with Obama and you tell him, "On August 5th, 2010 unemployment is 9.5%. This is because you did A, B and C. (i.e., cite SPECIFICALLY what Obama has done such that we can deductively conclude an elevated unemployment rate is the necessary result.) Instead, if you do D, E and F (similarly, cite SPECIFICALLY what you would do that whereupon the necessary result thereto would be lower unemployment) x jobs (cite the the number) will be created." In other words, you can't say something like "lower taxes" because that's just an insinuation. Historically, there's been no correlation to the top marginal rate and employment. I'm sure you don't believe me, so research it yourself. I know you people can't do this, which is partially why I'm asking. I'd like to see you try though. I need a good laugh.Foghord: You didn't answer the question. You suppose that "less taxes and regulation" a very broad statement will "create more private sector jobs." I'm simply placing upon you the same deductive burden you have falsely attributed to an office that cannot to any great extent influence the economy.

In 2008 GE's effective tax rate was 5.3% In 2007 GE's effective tax rate was 15% The marginal U.S. corporate tax rate is 35%. So GE' has paid lower taxes each year for at least the past 3 years, to the point of not paying any US taxes in 2009. So what do these low corporate tax rates get for America? Does anyone know how many "new" US jobs this corporation has created over the past 3 years?

If a developer develops a land of some others(generally this happens in real estate business) what are the tax consequences in the case of developer and the land owner? Below are my doubts in a case.... This is a case where the land of Mr X was given to a developer Mr Y in the year June 2008 under GPA for construction of flats for sale. As per the agreement the land owner is to receive 2 flats after the construction i.e., April 2009. The rest are to be with the developer for sale. In this case... Is Mr X chargeable to capital gains? then which amount is to be taken as sale consideration... his land market value or the market value of 2 flats received ? and when he is liable to pay tax? In the case of Mr Y... does there any issue of capital gains? If not then in the year 2008-09 as there is only construction and no sale, is it right to transfer his construction cost to WIP ? In the year 2009-10 he sold the rest of the flats with him.... so the entire sale value of flats including land value should be taken as business income? Kindly any one give clarity to me in this regard. Thanking you

Wilson Corporation, a merchandiser recently completed its calendar-year 2009 operations. For the year, 1) all sales are credit sales, 2) all credits to Accounts Receivable reflects cash receipts from customers, 3) all purchases of inventory are on credit, 4) all debits to Accounts Payable reflect cash payments for inventory, and 5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company's balance sheets and income statement follow. Income Statement For Year Ended December 31, 2009 Sales CR: $585,000 COGS CR: 285,000 Gross Profit: CR:300,000 Operating Expenses Depreciation expense: DR: $20,000 Other expenses: DR: 134,000 Total operating expenses: CR: 154,000 146,000 Other Gains(losses) Loss on sale of equipment: CR: $5,625 Income before taxes: CR:140,375 Income taxes expense: CR: 24,250 Net income: CR: 116,125 Comparative Balance Sheets Dec 31, 2009 and 2008 Assets Cash $49,400 (2009) $74,000 (2008) A/R 65,830 (2009) 55,000 (2008) Merchandise Inventory $277,000 (2009) $252,000 (2008) Prepaid Expenses $1250 (2009) $1600 (2008) Equipment $158,500 (2009) $107,500 (2008) Accum. Depreciation--equipment ( $36,625) (2009) ($46,000) (2008) Total Assets $515,355 (2009) $444,100 (2008) Liabilities and Equity Accounts Payable $55,380 (2009) $112,000 (2008) Short term notes payable $9000 (2009) $7000 (2008) Long term notes payable $70,000 (2009) $48,250 (2008) Common Stock, $5 par $162,500 (2009) $150,750 (2008) Paid in capital in excess of par, common stock $32,250 (2009) $0 (2008) Retained Earnings $183,255 (2009) $ 126,100 (2008) Total liabilities and equity $515,355 (2009) $444,100 (2008) Additional information on Year 2009 Transactions a. The loss on the cash sale of equipment was $5625 (details in b) b. Sold equipment costing $46,500 with accumulated depreciation of $29,375 for $11,500 cash c. Purchased equipment costing $97,500 by paying $25,000 cash and signing a long-term note payable for the balance d. Borrowed $2000 cash by signing a short-term note payable e. Paid $50,750 cash to reduce the long-term notes payable f. Issued 2,350 shares of common stock for $20 cash per share g. Declared and paid cash dividends of $59,000 REQUIRED: 1. Prepare a complete statement of cash flows; report its operating activities using indirect method. Disclose any noncash investing and financing activities in a note. 2. Analyze and discuss the statement of cash flows prepared in part 1, giving special attention to the wisdom of the cash dividend payment. CHECK: cash from operating activities: $49,650

The mission of the State Board of Equalization is to serve the public through fair, effective, and efficient tax administration

For example, select 2010 to find the June 1, 2009 - August 31, 2009 period sales tax return. ... See also TSB-M-08(5)S, Tax Law Amendments Related to Sales Made by Certain Sales Tax ...

The Missouri Department of Revenue administers Missouri's business tax laws, and collects sales and use tax, employer withholding, motor fuel tax, cigarette tax, financial ...

North Carolina has a state-levied sales tax of 5.75%, effective September 1, 2009, with most counties adding an additional 2% tax, for a total tax of 7.75% in 92 of the 100 counties

Local Sales and Use Tax Addendum Use to report additional sales and use tax (pdf), if not enough ... Effective April 1, 2009: King County Regional Transit Authority (RTA) Tax Reporting ...

2008-2009 sales tax deduction Sales tax deduction extended through 2009

2009 Federal Sales Tax Deduction The American Recovery and Reinvestment Act of 2009 contains an important tax incentive for individuals and businesses who purchase a new ...

Earl K. Wood Orange County Tax Collector 200 South Orange Avenue, Suite 1500 Orlando, Florida 32801 (407) 836-2700. Orange County Tax Certificate Sale 2009

If you’re curious how the sales tax holidays have changed, here is 2008’s sales tax holiday schedule and 2009’s sales tax holiday schedule.

Included in the Pennsylvania 2009/2010 budget proposals is the elimination of the 1% prompt payment sales tax discount available for businesses that file their sales tax returns ...

The first month of Arizona's penny-per-dollar sales-tax hike did not significantly alter overall spending and indicates the increase likely did not dampen a crucial piece of the economy, state economists say.

Sales tax collected by the City of Dothan during July exceeded the amount collected in the same period in 2009, but officials aren't ready to predict several straight months of positive numbers.

OPELOUSAS — Sales tax collections, which have been in trouble all year, fell off the cliff in August, dropping a staggering 36.7 percent.

Warren County retailers took in slightly more sales tax revenuelast month than they did in August 2009, according to the countyTreasurer's Office.

In the first month of Arizona's penny-per-dollar sales-tax hike, consumers did not significantly alter their spending overall, indicating the increase likely did not dampen a crucial piece of the economy.

Hornell, N.Y. — Tax collections are improving in most states, but there’s still plenty of room for improvement, according to a new report from the Nelson A. Rockefeller Institute of Government of SUNY Albany.

NORWICH – Chenango County Treasurer William E. Evans reported sales tax collections through the second quarter of 2010 signaled 2.9 percent in growth.

OPELOUSAS, La. (AP) - Sales tax collections, which have been in trouble all year St. Landry Parish, fell a staggering 36.7 percent in August compared to last year. Ronnie Richard, sales tax officer with the St. Landry School Board that tracks the numbers for the parish, said the drop is troubling, but the numbers are not as bad as they appear. He points out that the August 2009 numbers, to which ...

When it comes to taxes in the U.S., it's the income tax -- and the annual April 15 deadline for filing returns -- that gets most of our attention. But that's only part of the picture -- there are property taxes and sales taxes, even taxes built into every cell phone bill. So how much do we pay? One couple in Connecticut opens their books to find out.

First month showed little change from year earlier.