12 April 2011
Taxpayer asks: Are retired persons who have a working interest in natural gas wells eligible for the making work pay credit? taxgirl says: If the interest means that you’re simply receiving a check from the gas company, then no. You have to have earned income in order to qualify for the Making Work Pay Credit. [...]
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17 August 2007
Many proponents of the flat tax have advocated for the elimination of tax on dividends and interest, leaving only a tax on wages and “earned income”. The argument for the elimination of such a tax is that it would encourage investments and savings and thus, stimulate the economy. The argument against the proposition is that [...]
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