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January 9, 2009



Extra £200m to help cut council tax bills

SCOTLAND'S 2.3 million households will see below-inflation rises in their council tax bills next year after the Executive found more than £200 million of extra funding for local authorities.

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Tax tips for all kinds of people ...

You always hear about the benefits of contributing to an employer-sponsored retirement plan, but are you taking advantage? Here's why you should: Your contributions will grow tax-free until you withdraw them, and you'll reduce your taxable income today.

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Repeal unfair estate tax

I disagree with USA TODAY's editorial bemoaning the estate tax bill sponsored by Sen. Jon Kyl, R-Ariz. ("Sob stories mask a giveaway for the super wealthy," Our view, Estate tax debate, Wednesday).

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Federal Tax Brackets -

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Tax Brackets—2004 Taxable Ie Federal Individual Ie Tax Tax Brackets—2004 Taxable Ie Joint return Single taxpayer Rate $0–$14,000 $0–$7,000 10.0% 14,000–56,800 7,000–28,400 15.0 56,800–114,650 28,400–68,800 25.0 114   

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Federal Gift Tax Result: Later taxable gifts likely will be taxed in higher tax brackets as the cumulative gift total climbs. The federal gift tax uses the same tax rate schedule as the federal estate tax through 2009   


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