‘municipal bond’ Tagged Posts

please compute taxable income?

Hi, help me please Morgan and Maggie are married and have two dependent children. They also fully support Mary's mother who lives with them and has n...

 

Hi, help me please
Morgan and Maggie are married and have two dependent children. They also fully support Mary’s mother who lives with them and has no income. Their 2006 tax and other related information is as follows:
Total salaries 0,000
Bank account interest income 3,500
Municipal bond interest income 1,500
Value of employer provided medical insurance 3,500
Value of premiums for ,000 of group term life insurance provided by employer 0
Dividend income from ABC stock ,000
Loan from Morgan’s parents ,000
Gift from Morgan’s parents ,000
Gain from the sale of qualified small business stock held more than 5 years ,000
Total itemized deduction ,000
compute Morgan and Maggie’s taxable income

Why does the health care bill need to be 1,990 pages long? Is it so they can hide their thievery inside?

 

It must be, there are SO many hidden things in the new Pelosi-approved Plan:

Employer Mandate Excise Tax (Page 275): If an employer does not pay 72.5 percent of a single employee’s health premium (65 percent of a family employee), the employer must pay an excise tax equal to 8 percent of average wages. Small employers (measured by payroll size) have smaller payroll tax rates of 0 percent (<0,000), 2 percent (0,000-5,000), 4 percent (5,000-0,000), and 6 percent (0,000-0,000).
Individual Mandate Surtax (Page 296): If an individual fails to obtain qualifying coverage, he must pay an income surtax equal to the lesser of 2.5 percent of modified adjusted gross income (MAGI) or the average premium. MAGI adds back in the foreign earned income exclusion and municipal bond interest.
Medicine Cabinet Tax (Page 324)
Cap on FSAs (Page 325)
Increased Additional Tax on Non-Qualified HSA Distributions (Page 326)
Denial of Tax Deduction for Employer Health Plans Coordinating with Medicare Part D (Page 327)
Surtax on Individuals and Small Businesses (Page 336)
Excise Tax on Medical Devices (Page 339)
Corporate 1099-MISC Information Reporting (Page 344)
Delay in Worldwide Allocation of Interest (Page 345)
Limitation on Tax Treaty Benefits for Certain Payments (Page 346)
Codification of the “Economic Substance Doctrine” (Page 349)
Application of “More Likely Than Not” Rule (Page 357)

http://hotair.com/archives/2009/10/30/house-obamacare-bill-here-comes-the-taxes/

This is just a small part….we are all about to be screwed

Remember when you bought your first used car and you got screwed by some wholly evil used car salesman, but you didn’t care because it was a CAR and it would be yours? This is kinda like that..we’ll wake up, but too late and have to pay for this lemon for a looooonngg time.
US veteran: You’re hilarious! And your thought was so intuitive into this whole healthcare thingie…night night sweetie’
Patriot: Have you ever wondered about that statistic you so happily quote about dead babies? The truth about that is most OTHER countries do not report certain deaths among children, so our numbers seem higher when in reality they are not…it is not a FACT, as you put it…it is biased reporting

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