Posted by taxguru on September 16, 2005
CCH has computed the inflation adjusted individual income tax brackets for 2006.
Besides the new income tax brackets and standard deductions, there are some other upward adjustments of note.
Maximum Section 179 deduction rises to $108,000 for 2006
The annual amount of gifts that are exempt from gift tax increases from the current $11,000 per year to $12,000 per year as of 1/1/06.
Posted in 179 | Comments Off on 2006 Federal Tax Brackets
Posted by taxguru on September 16, 2005
Bush Rules Out Tax Hike to Fund Recovery – Why assess new taxes, when it would make so much more sense to simply spend less on stupid pork barrel projects. Of course, DC is well known as the land where common sense doesn’t exist.
Posted in Uncategorized | Comments Off on Paying for Katrina repairs
Tax Guru - Ker$tetter Letter 