General Explanations of the Administrations Fiscal Year 2010 Revenue Proposals

General Explanations of the Administrations Fiscal Year 2010 Revenue Proposals PDF

Author: Department of Department of the Treasury

Publisher: CreateSpace

Published: 2015-01-03

Total Pages: 138

ISBN-13: 9781503373396

DOWNLOAD EBOOK →

In 2009 and 2010, individual taxpayers are eligible for a refundable tax credit of 6.2 percent of earned income up to a maximum credit of $400 ($800 for joint filers). Thus, workers receive a credit on the first $8,065 of earned income ($16,130 for joint filers). The credit phases out at a rate of 2 percent for taxpayers with modified adjusted gross income in excess of $75,000 ($150,000 for joint filers). Dependent filers are not eligible for the credit. Neither the maximum credit amount nor the beginning of the phase-out range is indexed for inflation.

General Explanations of the Administration's Fiscal Year 2014 Revenue Proposals

General Explanations of the Administration's Fiscal Year 2014 Revenue Proposals PDF

Author: Treasury Department

Publisher: Government Printing Office

Published: 2013-05-07

Total Pages: 258

ISBN-13:

DOWNLOAD EBOOK →

Each February when the President releases his proposed Federal Budget for the following year, Treasury releases the General Explanations of the Administration's Revenue Proposals. Known as the “Green Book” (or Greenbook), the document provides a concise explanation of each of the Administration’s Fiscal Year 2014 tax proposals for raising revenue for the Government. This annual document clearly recaps each proposed change, reviewing the provisions in the Current Law, outlining the Administration's Reasons for Change to the law, and explaining the Proposal for the new law. Ideal for anyone wanting a clear summary of the Administration's policies and proposed tax law changes. While many of the proposals included in the FY 2014 budget are either the same or modified versions of proposals included in the Administration’s FY 2013 budget, there are nearly 50 new revenue proposals in the 2014 budget, including closing loopholes and changing tax credits and incentives. Following are a few of the President's new revenue proposals that are explained in the Treasury FY2014 Green Book: Extending employment tax credits for hiring veterans; Requiring derivatives contracts to be marked to market and taxed as ordinary income on an annual basis; Repealing the domestic manufacturing deduction for oil and natural gas production; Establishing multiple incentives for investment in infrastructure, including “America Fast Forward” Bonds and increasing caps on other bonds; Taxing carried interest as ordinary income; Returning the estate tax to 2009 levels, modifying the recent estate tax exclusions and rates signed into law earlier this year under the American Taxpayer Relief Act; Prohibiting individuals from accumulating more than $3 million in tax-preferred retirement accounts; and Capping the benefit of certain deductions (such as a charitable contribution deduction) to 28 percent for taxpayers at or above the 33% marginal tax rate.

General Explanations of the Administrations Fiscal Year 2011 Revenue Proposals

General Explanations of the Administrations Fiscal Year 2011 Revenue Proposals PDF

Author: Department of Department of the Treasury

Publisher: CreateSpace

Published: 2015-01-03

Total Pages: 160

ISBN-13: 9781503373488

DOWNLOAD EBOOK →

The Making Work Pay credit is a temporary provision of the American Recovery and Reinvestment Act of 2009. In 2010 individual taxpayers are eligible for a refundable income tax credit equal to 6.2 percent of earned income up to a maximum credit of $400. Thus workers receive a credit on the first $6,452 of earned income.

General Explanations of the Administration's Fiscal Year 2015 Revenue Proposals

General Explanations of the Administration's Fiscal Year 2015 Revenue Proposals PDF

Author: U S Department of the Treasury

Publisher: CreateSpace

Published: 2015-05-07

Total Pages: 288

ISBN-13: 9781512083941

DOWNLOAD EBOOK →

The BBEDCA baseline, which is commonly used in budgeting and is defined in the statute, reflects, with some exceptions, the projected receipts level under current law. However, while the American Taxpayer Relief Act of 2012 (ATRA) made most of the 2001 and 2003 tax cuts and Alternative Minimum Tax relief permanent, it extended the American Opportunity Tax Credit (AOTC), Earned Income Tax Credit (EITC) expansions, and Child Tax Credit (CTC) expansions only through 2017. This Budget uses an adjusted baseline that permanently continues the AOTC, EITC, and CTC expansions extended through 2017 under ATRA.

General Explanations of the Administrations Fiscal Year 2014 Revenue Proposals

General Explanations of the Administrations Fiscal Year 2014 Revenue Proposals PDF

Author: Department of Department of the Treasury

Publisher: CreateSpace

Published: 2015-01-03

Total Pages: 254

ISBN-13: 9781503374430

DOWNLOAD EBOOK →

The BBEDCA baseline, which is commonly used in budgeting and is defined in the statute, reflects, with some exceptions, the projected receipts level under current law, including the American Taxpayer Relief Act of 2012 (ATRA). However, while ATRA made much middleclass tax relief permanent, it extended the American Opportunity Tax Credit (AOTC), Earned Income Tax Credit (EITC) expansions, and Child Tax Credit (CTC) expansions only through 2017. This Budget uses an adjusted baseline that is intended to be more realistic. The adjusted baseline permanently continues the AOTC, EITC, and CTC expansions extended through 2017 in ATRA.

General Explanations of the Administration's Revenue Proposals

General Explanations of the Administration's Revenue Proposals PDF

Author: United States Treasury Department

Publisher: Forgotten Books

Published: 2016-08-02

Total Pages: 108

ISBN-13: 9781333111922

DOWNLOAD EBOOK →

Excerpt from General Explanations of the Administration's Revenue Proposals: February, 1997 A tax exemption, in the form of a deduction, is allowed for each taxpayer and for each dependent Of a taxpayer. A dependent includes a child of the taxpayer who is supported by the taxpayer and is under age 19 at the close of the calendar year or is a Student under age 24. The deduction amount is for tax year 1997. This amount is indexed annually for in ation. In addition to an exemption for each child, three other tax benefits may accrue to taxpayers with dependent or otherwise qualifying children. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."

Lanterna Rally - Theme by Grace Themes