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September 12, 2010 from 1pm to 6pm – St. Paul Woods
Added by Marilyn Rickert
Posted on May 24, 2010 at 11:31am — 2 Comments
Question: is there a credit for individual ROTH IRA accounts?
No, there is not a credit for individual ROTH IRA accounts?
However, the FairTax legislation totally repeals the current income tax on Social Security benefits.
The bill also adjusts the Social Security benefits indexing formula, commonly known as the cost of living adjustment or COLA, so that benefits increase to the extent, if any, that the federal sales tax results in higher costs to seniors. (
Posted on May 20, 2010 at 11:08am —
Question: How does the "transition inventory credit work"?
The effective date of the FairTax is January 1 with the income tax repealed on Dec. 31st (the day before). The “items for sale” on retailer’s shelves will still have the cost of embedded taxes in them. That is why the FairTax
… ContinuePosted on May 20, 2010 at 11:00am —
How the FairTax pertains to rental property.
The consumption of residential housing services is taxable. In renter-occupied housing the tax is collected on a monthly basis and in owner-occupied housing, the tax is collected up front when the home is purchased for the first time.
The landlord is a seller of housing services. He/she must register with the state sales tax collection agency and file sales tax reports (probably quarterly for a person who owns onl
Posted on April 6, 2010 at 11:41am — 2 Comments
© 2010 Created by Marilyn Rickert.