Recently in Taxes Category

I know the blog is slow right now, but this is a topic that is truly hitting home with many.

What are your thoughts on the economy, what if any changes have you made, and are all these bail outs the answer?

I for one am absolutely stunned by an article that I just read regarding the newest bail out funds for the Auto Industry.

"General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program"

Here's your spot to speak your thoughts on these topics, it has been getting rather heated in other areas and felt perhaps this needed it's own space.

I will keep this topic rolling toward the top of the page as long as there are comments being made. Please remember foul language/and personal attacks will not be permitted, now play fair and go for it!.

THIS POSTING HAS BEEN CLOSED TO ANY NEW COMMENTS, YOU MAY CONTINUE COMMENTING ON THE NEW POST FOR THIS TOPIC

Here's your spot to speak your thoughts on these topics, it has been getting rather heated in other areas and felt perhaps this needed it's own space.

I will keep this topic rolling toward the top of the page as long as there are comments being made. Please remember foul language/and personal attacks will not be permitted, now play fair and go for it!.

With all the hoopla surrounding the "stimulus package" that was recently signed off on by the Congress, the Senate and the President, I am curious to know what everyday folks are actually planning to do with the additional money. And if people decide to pay bills or save it for a rainy day, rather than going on a spending spree (which is what the politicians are hoping for), what good is it going to do?

Does anyone really believe this will thwart a recession?

As reported by local media, the possiblities of casino gambling at Kentucky Downs is growing closer.
A link to the story by the Herald-Leader is provided within.
News4 also did a segment on this last evening.

If this should be passed what affect, if any, do you think it will have on our area?

I am sitting here looking at my "Business Tax Act License And Tax Report" form that Bill Kemp (Sumner County Clerk) has mailed out to every business in Sumner County. This is the form required to get a business license every year.

I think I shall award this form as the most confusing tax form ever invented. It pretty much beats the IRS.

Here are a few sample lines which I found amusing:

9c. Local & state tax liability. Local - Line 9a (local) less line 9b; State - Line 9a (state) plus 9b.

9d. Calculate percentage used to allocate penalty and interest. Divide line 9c (local) by the Sum of amounts (Local & State) Line 9c and enter as a percentage using the format of xx.xx%. Repeat calculation dividing line 9c (state) by the Sum of amounts (local & state) line 9c.

I guess this is a state form that the counties just mail out. If the form can't be simplified, an online calculator would be very handy.