taxes
10 tax breaks for small businesses
This year, doing your taxes should be slightly less painful for many of you. Congress has recently implemented some cool tax breaks — mainly in The American Recovery and Reinvestment Act of 2009 (a.k.a. the "Recovery Act") — to make things a little easier on small businesses. Full Article.
State Tax Revenue in U.S. Drops Most Since 1963
The latest Nelson A Rockefeller Institute of Gov’t report indicates that U.S. state tax collections fell the most in 46 years in the first three quarters of 2009. The worst economic slump since the Great Depression forced states to cut spending, raise taxes and pass down costs. Full Article.
Roth IRA Changes Effective 1 Jan 2010
As of Jan. 1, individuals with an adjusted gross income of more than $100,000 can convert an existing IRA or 401(k) account into a Roth IRA. Full Article.
Avoyelles Parish Ties for Third Lowest Property Tax Average in Nation
The Tax Foundation, an unbiased source of the most accurate and up-to-date tax information in the US, recently released results for its 2006-2008 study of residential property taxes. The report indicated that the residential property tax burden in La is the lowest in the nation. Avoyelles Parish tied for third place for the lowest property tax average in nation.
One Paragraph Legislative Session Summary
The Baton Rouge Advocate's Sunday editorial is built around a single paragraph from a new report from Public Affairs Research Council.
