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Q: "Personal Accounting ( Answered,   0 Comments )
Question  
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?
Answer  
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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