|
A. R. Kakhsaz Company
an accountancy corporation
Member
American Institute of
Certified Public Accountants
International associates:
Tavana & Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221
|
INCOME-TAX BRACKETS
/ a macro analysis:
IRS statistics regarding the individual income tax
filings show that 1% of taxpayers pay one-third (or
exactly 33.2%) of all federal individual income
taxes. Each taxpayer in this 1%-group reports
gross income of more than $250,700. 5% of
taxpayers pay more than one-half (or exactly 52%)
of all federal individual income taxes. Each
taxpayer in the 5%-group reports gross income of
more than $108,000. The top one-half of
taxpayers (by income), pay 96% of all federal
individual income taxes. The average federal
income-tax rate on the aggregate taxable income
of all taxpayers is 15.3%, which is the highest
since the mid-1980s.
44,600,000 AMERICAN RETIREES receive
Social Security benefit checks every month.
THE CRIMINAL INVESTIGATION DIVISION of the
IRS has 4,500 employees of which nearly 3,000
are special agents. While the division is
undergoing reorganization, it is becoming more
centralized where the agents will be reporting to
the criminal-investigations chief, rather than to
district directors who are scattered throughout the
U.S.
AVOID TAX-AUDITS. They are costly and
annoying: Using the same information and tax
forms, it's quite normal to prepare and present an
income-tax return that would bear much less
chances of being selected for an audit, while
resulting in much less taxes. A tax-accountant
has such an expertise and experience!
HEART-ATTACK victims are more likely
to survive if they have an angioplasty as soon as
they get to the hospital, finds a study by Brigham
& Women's Hospital.
THE MATHEMATICS OF TURFGRASS
Maintenance, is the title of a book that uses
mathematical principles to help golf-course
managers grow greener grass.
COLONOSCOPY IS BETTER THAN
Sigmoidoscopy. The latter is the most widely
used colon-cancer examination. Colonoscopy is
more reliable but costs more and requires
sedation.
SOFTWARE AT A ROUGH PLACE: In a news
release, Wireless Services Corp says that it is
"composed of 12 people in Bellevue, Washington
behind a Chinese restaurant and across from a
Harley Davidson dealership."
|
THE 3% TELEPHONE
EXCISE TAX that is
currently facing loud protests from many
lawmakers, is imposed under a 1898 law to help
provide funding for the Spanish-American war. It
was "originally designed as a luxury tax imposed
on the few fortunate enough to own telephones,"
the IRS says. Along with paying phone bills, a
record $5.2 billion of such excise tax was paid in
1999.
NOMINEES FOR IRS OVERSIGHT BOARD have
all been referred to the U.S. Senate by President
Clinton, since early this year. The board was
created two years ago after the President signed
a taxpayer-protection bill. But the Senate still
hasn't confirmed any of the nominees for
quarreling over unrelated issues!
AMID CONCERNS OVER SAFEGUARDING U.S.
nuclear security, someone suggests that the
nuclear secrets be rewritten in the style of the
federal income-tax law, so that "any enemy who
tried to read them would be driven insane."
TEENAGERS WILL BE INTRODUCED to the U.S.
tax system through a distribution of 78,000
CD-ROMs to high schools by the IRS and the
American Bar Association tax lawyers.
HEROIN IS CHEAP AND PLENTIFUL in the
Northwest USA. Overdoses in the Portland
Oregon area now kill nearly as many adult men
as heart disease or cancer.
THE LITTLE STICKER ON SOME PEACHES noted
a Website for instructions on how to ripen the
fruit. That prompted a shopper to complain: "You
can't even buy a peach without the Internet."
THE IRS HAS NO JURISDICTION over us,
because we are "Indigenous, Pre-Columbian,
Sovereign, Free Non-Taxpayers," argued a
Michigan couple in federal district court in Detroit.
The court dismissed the complaint.
CARBON-DIOXIDE EMISSIONS resulting from
a 1,200-mile drive can be offset by planting
exactly nine trees.
20% OF U.S. HOUSEHOLDS receive at least
80 television channels.
-
WE SEE
MORE IN NUMBERS than just numbers… We see opportunities for you.
WE SEE
MORE IN NUMBERS than just numbers… We see opportunities for you.
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
|
