Archive for September 18th, 2008
Corp tax rates don’t change
Posted by taxguru on September 18, 2008
Q:
Subject: C- corp tax rates
Is this C-Corporation Income tax rate schedule published on your website for 2007 or 2008?
Thank you for your response
A:
Unlike individual income tax rate brackets, which are adjusted annually for inflation, the corporate tax rates are only adjusted every few decades, if ever, by our rulers in Washington.
The corp rates shown on my website have been in effect for the past several years and will most likely be in effect for several more years.
I hope this helps.
Kerry Kerstetter
Posted in corp | Comments Off on Corp tax rates don’t change
Are you patriotic?
Posted by taxguru on September 18, 2008
Biden calls paying higher taxes a patriotic act – I’ve been fighting this Lefty definition of patriotism all of my career. My driving force has always been this quote from Judge Learned Hand, which Jonah Goldberg has posted in The Corner.
Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the
treasury. There is not even a patriotic duty to increase one’s taxes.
Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone
does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.
Posted in TaxHikes | Comments Off on Are you patriotic?