Search results
Results from the WOW.Com Content Network
Between summer 1981 and summer 1982, tax revenue fell by about 6% in real terms, caused by the dual effects of the economy dipping back into recession (the second dip of the "double dip recession") and Kemp-Roth's reduction in tax rates, and the deficit was likewise rising rapidly because of the fall in revenue and the rise in government ...
The federal research credit shaved off 1.8 percentage points from the 21% corporate tax rate, according to the company's 10-K filing, along with other deductions and tax benefits. And it still had ...
The corporate tax rate was changed from a tiered tax rate ranging from 15% to as high as 39% depending on taxable income [39] to a flat 21%, while some related business deductions and credits were reduced or eliminated. The Act also changed the U.S. from a global to a territorial tax system with respect to corporate income tax.
The Credit For Increasing Research Activities (R&D Tax Credit) is a general business tax credit under Internal Revenue Code Section 41 for companies that incur research and development (R&D) costs in the United States. For most companies, this credit is worth 7–10% of qualified research expenses each year. [38]
The 2025 tax filing season is underway, and there are several tax benefits that can help homeowners save money this year. Homeowners can deduct costs like mortgage interest and personal property ...
Recycling materials waiting to be barged away on the Chicago River Trash and recycle bin at George Bush Intercontinental Airport. Recycling statistics (ca. 2014) [16] with similar numbers as of 2015 [17] An average of approximately 258 million tons of trash is generated by the United States in 2014 34.6% was recycled; 12.8% was combusted for ...
Editor’s note: The Capital Chronicle has launched a $10,000 end-of-year fundraising campaign to help us continue our first-class coverage next year. A lot is at stake, and there’s a long ...
Its taxation aspects included a payroll tax cut of 2%, health care tax credits, a $400 reduction in income taxes for individuals and improvements to child tax credits and earned income tax credits. To prevent the fiscal cliff in 2013, Obama extended the Bush tax cuts on incomes below $400,000 for individuals and $450,000 for married couples.