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Q: What is the impact on a business if tax goes up or down?
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What happens to your net pay if your tax code goes up or down?

It goes up or down corespondingly to your tax code. If Tax goes up, net pay as a percentage of your income goes down. In reality, tax codes only go up when you earn more money therefore although you are paying more in taxes your net pay still goes up.


Who would pay the most as a portion of income under a regressive tax?

Under a regressive tax your tax rate goes down as you make more money. (Total Tax Paid) / (Income) = (Percent of income paid). As the tax rate goes down, the more you make the lower this number will be.


How will owning a small business impact my Federal Tax Return.?

You don't get any tax benefits for owning a small business--you have to keep records of everything you ever bought, sold, charged tax on, etc. and record it. You have to make sure you are very accurate in reporting this to the IRS--it requires a lot of extra work so it's best to get a tax agent--but owning a business can be very profitable and fun.


What rules impact a business' Accounting Information System?

The CPA rules, the tax laws, and the rules set by company management and Board of Directors.


What kind of business tax do i need?

There is no such thing as small business tax. The state will tax you just like every other business, but you may be eligible for a tax break because you are small business, minority business owner, women owned business, etc.


Is a LC small business tax exempt?

LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.


How joining in Tax preparation Classes helps a business man?

Tax Preparation Classes are generally helpful for a business man in his business. He can learn about the tax laws, tax infomations which will be helpful in running his business efficiently.


Which life events have an impact on your tax return?

Marriage, family, businesses and homes all can affect your income tax return in a positive way. If you work at home, you can claim many of your purchases and other business expenses.


What is green tax?

Green tax is a tax placed on people for goods and services that some people feel are not environmentally good for us. These taxes (in theory) go to help reduce the environmental impact of that object. Most green tax goes towards paying for schools and roads and the general budget.


Does EZ tax returns do business tax returns?

In addition to their other services EZ tax does do business tax returns, although additional charges may be applied depending on the location and size of business.


Is there any kind of tax software for business?

TurboTax has an excellent Business specialized tax service that has step by step instructions for users. Payroll Tax Service also has a business tax service that is easy to use.


What has the author Gary C Fethke written?

Gary C. Fethke has written: 'An investigation of the conceptual and qualitative impact of employment tax credits' -- subject(s): Employment tax credit 'Employment tax credits as a fiscal policy tool' -- subject(s): Business enterprises, Employment tax credit, Taxation