S Corporations Can Reduce Self-Employment Tax

As a sole proprietor, 100% of your profits are subject to self-employment taxes. The self-employment tax is 15.3% of all profits up to $94,200 (for 2006). Profits beyond the first $94,200 are subject to a 2.9% self-employment tax. If the profits from your business are $200,000, you will pay self …

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Study Shows New Tax Rules May Hurt the Economy

The Center for Freedom and Prosperity Foundation has released a research study that indicates Section 911 may hurt the economy.

The research paper examines the taxation of Americans living and working abroad. “Making Section 911 Universal is Good Economic Policy and Good Tax Policy” autho…

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Republican Leaders Speak Out Against Global Taxes

Republican leaders in the U.S. Senate have pledged their support of legislation which would withhold funding from the UN and the OECD should they attempt to impose taxes at an international level.

In a letter to President Bush, seven top Republican Senators stated their support of the legis…

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