61. Whether tax is due depends on the size of your overall estate. 62. JC, Alloa Income tax is not due on profits from the sale of investments, but the quite separate capital gains tax could be due. 63. Of the withdrawals, we have assumed that savings and imports are both directly related to income but that taxes are lump-sum taxes. 64. The taxes are high mind you. 65. Alternative minimum tax is a separate plan that ensures companies pay federal taxes when they make a profit, despite aggressive tax-minimizing strategies. 66. Among the topics covered were tax cuts, plans for education policy, Western issues, and the California power shortage. 67. Americans are not in financial trouble because the economy is too slow or taxes are too high. 68. Among the reasons for the heavy spending were taxes, travel expenses, printing costs, and lost investment income. 69. And earlier this year, the association of spirit makers in Japan released a report saying that taxes on shochu are already too high. 70. And for the less affluent, of course, the bulk of income taxes are withheld from paychecks. |