Welcome to sales taxes Guide
Capital Gains On Sales Of Stock How To Save Taxes Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Creating Natural Disaster Relief Funds from State Sales Taxes
from:When there is a natural disaster in your state or those surrounding you, we always hear that no one has money to help the victims without the aid of the citizens. In reality, there are ways individual states have not even considered. One of those ways is creating natural disaster relief funds from state sales taxes. Since this fund is likely to be one of the largest funds because of its fluctuating nature, usually in an upward motion, it is the most likely of all state sources to be able to handle the financial burden of creating natural disaster relief funds from state sales taxes. These sources are less volatile than other funding sources because people always need to buy products and services, some of which they cannot eliminate no matter how low their funds are. For example, many states exempt foods you buy in the grocery store, but not all exempt the purchase of clothing and prescriptions. Thus, in many states, there is room for quite a hefty deposit in natural disaster relief funds from state sales taxes.
What about states that do not have a state sales tax? Since this only involves six states, it's obvious to see that the other 44 states can handle the funding, though some states may want to consider instigating a special states sales tax for the purpose of helping their neighbors with natural disaster relief funds from state sales taxes. Often times, even if citizens are opposed to a new tax, they will be receptive if they know it is for a good cause, and creating natural disaster relief funds from state sales taxes certainly fits into that category. Of course, you will need to gain their support and convince them that the tax is a temporary measure and stay with it or you will find the citizens opposing you at some later date.
Is it really feasible to use monies from state sales taxes to fund a natural disaster relief fund? Keep in mind that unlike other services the state may need to provide, disaster relief is not ongoing. It's something that you will want to have available to help your citizens, and on a lesser scale, helping those in other states as the need arises. Because it is for the most part a limited term need, it's quite feasible to utilize some of all of the funds from state sales taxes to funds such a necessary program. Creating natural disaster relief funds from states sales taxes is one of the most humanitarian efforts one state can do for another one.
Capital Gains On Sales Of Stock How To Save Taxes News
Two senators want to stop Facebook's Saverin from dodging taxes - Los Angeles Times
 Kansas City Star | Two senators want to stop Facebook's Saverin from dodging taxes Los Angeles Times But Schumer and Casey said they believed that Saverin renounced his citizenship to save millions in capital gains taxes from future sales of his Facebook stock. They said his move was even more galling because Saverin came to the US as a boy when his ... Senators take aim at Facebook co-founder, who will skip taxes by renouncing ... Chasing Saverin's Winnings Is a Losing Battle Sheltering a windfall |
US STOCKS-Futures up ahead of durable goods, jobless data - Reuters
US STOCKS-Futures up ahead of durable goods, jobless data Reuters * Durable goods orders, jobless claims on tap * German business sentiment down for first time in 7 months * Hewlett Packard plans cutting about 27000 jobs * Knight Capital seeks millions in botched Nasdaq IPO of Facebook * Futures up: S&P 3.1 pts, ... |
Shoppers sending inflation message? - Fox News
Shoppers sending inflation message? Fox News Dagen McDowell: I think it says a lot about the future of taxes in this country. We should be talking about it broadly speaking, and I'm talking about our tax rates going up. At the end of the year the Bush tax cuts expire. Capital gains tax rates go ... |
Facebook's market debut draws criticism from lawmakers - Washington Post
Facebook's market debut draws criticism from lawmakers Washington Post But Saverin, who owns about 4 percent of Facebook shares worth at least $3 billion, could save millions in taxes. Singapore has no capital gains tax, meaning he would only pay taxes on the value of what he owned while the company was still private. |
Five challenges for the IRS's new capital gains reporting rules - Christian Science Monitor
 Christian Science Monitor | Five challenges for the IRS's new capital gains reporting rules Christian Science Monitor Rosenthal raises five challenges the IRS faces in implementing new rules for reporting capital gains. Sellers of stocks and other assets have always had to calculate their cost basis (generally, what they paid for the investment) in order to figure ... |