Facebook's high tax rate likely to drop
(Reuters) - Facebook, the social network giant on the verge of a huge initial public stock offering, pays an unusually high tax rate, but that is likely to change soon, analysts said. At 41 percent on an effective basis, Facebook's tax rate is well above rates paid by larger, more mature high-tech groups, and above the top U.S. corporate income tax rate of 35 percent. But the exercise by ...
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When A Housemate Is A Dependent (And A Tax Break)
Could Liz Lemon (Tina Fey) snag a tax break for supporting her slacker boyfriend who’s moved in with her on NBC’s 30 Rock? Maybe. If your boyfriend, grandma or unemployed brother is crashing on your pull-out couch, you might be able to claim them as a dependent on your federal income tax return. Yes, it’s not just children, or even relatives, that can count as dependents, but unrelated friends ...
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The Credit We Love to Hate: The Earned Income Tax Credit (EITC)
? If you follow the blog regularly, you?ll know that I?m not a fan of the Earned Income Tax Credit (EITC). So maybe it wasn?t so much of a surprise to anyone that I managed to miss Earned Income Tax Credit Awareness Day at IRS. Yes, there is one. And yes, it was last week ...
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Do you qualify for thousands from Earned Income Tax Credit?
Uncle Sam is worried that some people aren't getting their Earned Income Tax Credit, worth up to $5,751 for the 2011 tax season.
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Gov. Mary Fallin discusses plan to cut Oklahoma's income tax rate
Oklahoma Gov. Mary Fallin told reporters she will release details of her income tax plan during her State of the State speech to returning legislators Monday.
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