Use the tools below to copy the article in plain text form, or you can copy it as HTML, ready to copy and paste directly into a web page.
HTML <html> <head> <title>Martial Arts and Your Personality Type</title> </head> <body> <h1>Martial Arts and Your Personality Type</h1> <div class="info">Author: <a href="author_1_77354.html">Robert Jones</a></div><div class="body"> In 2010 the estate tax will be repealed and the gift tax rate will fall to 35%. However, this repeal is effective only for that year and the estate tax will be reinstated in some form the very next year (2011). The US Senate is considering options to reduce or eliminate the estate tax. Currently, the estate tax only applies to fortunes over $2 million (at 46%) and is estimated to affect 12,600 taxpayers in 2006. There are also ongoing discussions as to whether the repeal of the estate tax should be made permanent or altered to apply to fewer estates. Before the estate tax is permanently repealed it is important to understand the alternatives to repeal and the distributional and foregone tax costs of the various options being considered. The Urban-Brookings Tax Policy Center has produced preliminary estimates of the distributional effects of some of the options reportedly under consideration and examines some of the implicit tradeoffs as well as some of the unintended consequences of repeal.<br /> <br /> Current tax law allows a 15% tax rate on Long term Capital Gains income and qualified domestic dividend income. This 15% rate is set to expire at the end of 2008. In tax year 2009, the dividend income tax rate will be raised to the same rate as ordinary income and the long term capital gain tax rate will be raised to 20% for all taxpayers above the 15% bracket (a 10% capital gain rate applies for taxpayers in the 15% bracket).<br /> <br /> On August 1, 2006, the House passed H.R. 5970 which proposes that the 15% capital gain tax rate be extended to 2015. Under this tax bill the estate tax would also be reinstated up to year 2015, exempting estates of less than $5 million in assets; Estates of $5 to $25 million in assets will pay a statutory tax rate of 15%; and estates with more than $25 million in assets will have a statutory tax rate of 30%. Also under this proposed bill the state tax death credit is repealed and no deduction is allowed for state estate taxes paid. The 5% surtax is also repealed.<br /> <br /> The final outcome of the estate tax bill is yet to be determined. However, the indications are that an estate tax will be reinstated after year 2010, albeit the tax rate will be lower than current laws mandate.</div> <div class="source">Article Source: <a href="http://www.articlealley.com/article_104849_19.html">http://www.articlealley.com/article_104849_19.html</a></div> <div class="author"> <div class="authorOccupation"><strong>Occupation:</strong> Martial Arts Teacher</div> <div class="authorBio">For more information on this article or others go to <A HREF="http://www.articlesonmartialarts.com">Articles on Martial Arts</a> <P> Robert Jones runs three successful martial arts schools located in Bellevue, Lynnwood, and Kent Washington. He has been helping families make positive changes in their lives through martial arts for over 20 years. He has also written<A HREF="http://www.martialarts-instruction.com/consumer.html"> A Guide on How to Pick a Martial Arts School</a><P> He can be reached at martialadvice@hotmail.com or at the Academy of Kempo Martial Arts. 800-508-6141. His schools can be found on the web at <A HREF="http://www.kungfutemple.com">Bellevue Martial Arts and Kung Fu</a> and <A HREF="http://www.martialarts-instruction.com">Self Defense and Martial Arts In Washington</a><br /> <br /> <br /> <br /></div> <div class="authorUrl"><a href="http://www.martialarts-instruction.com" target="_blank">http://www.martialarts-instruction.com</a></div></author> </body> </html>
Text Martial Arts and Your Personality Type Author: Robert Jones In 2010 the estate tax will be repealed and the gift tax rate will fall to 35%. However, this repeal is effective only for that year and the estate tax will be reinstated in some form the very next year (2011). The US Senate is considering options to reduce or eliminate the estate tax. Currently, the estate tax only applies to fortunes over $2 million (at 46%) and is estimated to affect 12,600 taxpayers in 2006. There are also ongoing discussions as to whether the repeal of the estate tax should be made permanent or altered to apply to fewer estates. Before the estate tax is permanently repealed it is important to understand the alternatives to repeal and the distributional and foregone tax costs of the various options being considered. The Urban-Brookings Tax Policy Center has produced preliminary estimates of the distributional effects of some of the options reportedly under consideration and examines some of the implicit tradeoffs as well as some of the unintended consequences of repeal. Current tax law allows a 15% tax rate on Long term Capital Gains income and qualified domestic dividend income. This 15% rate is set to expire at the end of 2008. In tax year 2009, the dividend income tax rate will be raised to the same rate as ordinary income and the long term capital gain tax rate will be raised to 20% for all taxpayers above the 15% bracket (a 10% capital gain rate applies for taxpayers in the 15% bracket). On August 1, 2006, the House passed H.R. 5970 which proposes that the 15% capital gain tax rate be extended to 2015. Under this tax bill the estate tax would also be reinstated up to year 2015, exempting estates of less than $5 million in assets; Estates of $5 to $25 million in assets will pay a statutory tax rate of 15%; and estates with more than $25 million in assets will have a statutory tax rate of 30%. Also under this proposed bill the state tax death credit is repealed and no deduction is allowed for state estate taxes paid. The 5% surtax is also repealed. The final outcome of the estate tax bill is yet to be determined. However, the indications are that an estate tax will be reinstated after year 2010, albeit the tax rate will be lower than current laws mandate. Article Source: http://www.articlealley.com/article_104849_19.html About the Author: For more information on this article or others go to <A HREF="http://www.articlesonmartialarts.com">Articles on Martial Arts</a> <P> Robert Jones runs three successful martial arts schools located in Bellevue, Lynnwood, and Kent Washington. He has been helping families make positive changes in their lives through martial arts for over 20 years. He has also written<A HREF="http://www.martialarts-instruction.com/consumer.html"> A Guide on How to Pick a Martial Arts School</a><P> He can be reached at martialadvice@hotmail.com or at the Academy of Kempo Martial Arts. 800-508-6141. His schools can be found on the web at <A HREF="http://www.kungfutemple.com">Bellevue Martial Arts and Kung Fu</a> and <A HREF="http://www.martialarts-instruction.com">Self Defense and Martial Arts In Washington</a><br /> <br /> <br /> <br /> http://www.martialarts-instruction.com
return to article
