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Subject:
"Personal Accounting
Category: Business and Money Asked by: boomboom73-ga List Price: $3.00 |
Posted:
13 Jun 2003 12:26 PDT
Expires: 13 Jul 2003 12:26 PDT Question ID: 216979 |
How will the tax changes that Bush is implementing effect me personally in regards to dividends? Because at I am set up as a corporation and the majority of my income is in the form a dividends how will Bush's tax change effect me? |
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Subject:
Re: "Personal Accounting
Answered By: cynthia-ga on 30 Jun 2003 11:42 PDT |
Hi boomoom73, I found online tax calculators that specifically help determine how Bush's tax changes will affect you, based on the input you put on the forms. The Bush Tax-Cut Worksheet - May 29, 2003 http://www.smartmoney.com/tax/filing/index.cfm?story=bushtaxcut And here's another one so you can compare the results The Heritage Foundation Tax Calculator http://www.heritage.org/research/features/taxcalculator/ ..."allows you to simulate some key elements of the new tax proposals introduced by President Bush in January 2003. The Calculator shows the 2003 savings to taxpayers from fully phased in marginal rate cuts, the personal dividend exclusion, reform of the marriage penalty, and increasing the child tax credit to $1,000. By entering your income and a few other bits of information, you can quickly get an idea of how much money this new tax law will save you.." I found the above link here: http://www.bushtaxrelief.com/taxcalculate.asp Not sure if this is the same or not: 2003 Tax Relief Estimator http://www.turbotax.com/calculators/lawchange/notemplates/ There used to be a calculator at http://www.georgebush.com however it is not there anymore. It is however discussed here: Commentary: How Compassionate Is Bush's Tax Plan? http://www.businessweek.com/2000/00_38/b3699246.htm Here's an interesting article with tables you may find interesting: Bush Scales Back Tax Cut Plan to Trim Cost http://www.ctj.org/html/bush0500.htm Hope these links help ! ~~Cynthia |
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