Jump to content

TedWilliamsFrozenHead

Community Member
  • Posts

    42
  • Joined

  • Last visited

Everything posted by TedWilliamsFrozenHead

  1. Corporation taxes are generally very low in NYS. Most small businesses usually fall under the Fixed Dollar Minimum tax rate: For example, a Corporation with $250,000.00 in receipts pays a flat seventy five bucks in tax under fixed min. tax rates. Current 2012 tax rates in NYS) The business and investment capital base is the total investment and business capital allocated to New York State after deducting short-term and long-term liabilities attributable to assets. The current tax rate is .15%. (A new small business corporation may claim an exemption from the tax on this base for its first two tax years if it meets certain requirements.) The tax on capital is limited to $350,000 for qualified New York manufacturers, and $1 million for all other taxpayers. The minimum taxable income (MTI) base equals entire net income allocated to New York State plus certain federal items of tax preference and adjustments allocated to New York. Taxpayers are allowed to deduct an alternative net operating loss against this base. The current tax rate is 1.5%. For tax years beginning on or after January 1, 2012, and before January 1, 2015, the MTI tax rate for eligible qualified New York manufacturers is .75%. The fixed dollar minimum (FDM) tax is determined by the corporation's New York State receipts. The current amounts of the FDM tax are as follows: For a corporation with New York State receipts of: Tax Not more than $100,000 $25* More than $100,000 but not over $250,000 $75* More than $250,000 but not over $500,000 $175* More than $500,000 but not over $1,000,000 $500 More than $1,000,000 but not over $5,000,000 $1,500 More than $5,000,000 but not over $25,000,000 $3,500 Over $25,000,000 $5,000 There are higher "Corp Tax" rates, but with deductions, and tax credits, the actual tax paid is frequently at a much lower rate: A general business corporation that is subject to tax under Article 9-A is every corporation except: a banking corporation (Article 32); an insurance corporation (including certain for-profit HMOs) (Article 33); a transportation and transmission corporation (other than aviation corporations, corporations principally engaged in transportation, transmission, or distribution of gas, electricity, or steam (TTD corporations), and non-electing railroad and trucking corporations) (Article 9); a farmer's cooperative or an agricultural cooperative (Article 9); a nonstock or not-for-profit corporation, no part of whose net earnings inures to the benefit of any officer, director, or member; a continuing section 186 taxpayer (Article 9). The entire net income (ENI) base equals federal taxable income allocated to New York State with certain modifications for items of income and deduction that New York treats differently. The current tax rates for ENI are as follows: Tax base Tax rate ENI base for general business taxpayers 7.1% ENI base for qualified small business taxpayers: ENI base of $290,000 or less ENI base of more than $290,000 but not more than $390,000 6.5% $18,850 plus 7.1% of the amount over $290,000 plus 4.35% of the amount over $350,000 For tax years beginning on or after January 31, 2007 ENI base for qualified New York manufacturers 6.5% For tax years beginning on or after January 1, 2012, and before January 1, 2015, ENI base for eligible qualified New York manufacturers 3.25%
  2. He got a lot of delusional self importance with that "I'ma cowboyyyyyyyyyyyyyyyyy" crapola. (I'm gonna toss if I ever hear that sch!tt again.......)
  3. @ nearly ten bucks a copy for cheap slop, alcohol is effectively banned for a lot of fans anyway. I say go ahead. Or, charge $50 for a beer, so there can be a pool of money for the team's legal expenses when d!&c;khe@d$ like this do stupid schitt...
  4. Jesus. We're just a tweak away from the "Vinyl Glove test" to get into the Stadium as it is. The Stadium security is total nonsense, and is unacceptable. Lets start carrying on like *AMERICANS* instead of tolerating this 'terrorist' paranoia.
  5. I refer to it as "Verbal Flatulence"...
  6. EJ's passes tend to have a high arc to them, and generally they are soft. I want to see this guy throw some "Ropes", but I'm not expecting it.
  7. I love Toronto, but I drive a 600 mile round trip mostly for the tailgate. A Bills win is a bonus. No tailgating @ Rodgers, correct?
  8. EJ started out well enough, but after taking some good shots from defenses, he looks *scared*. I hate to day it, but he reminds me of what Trent Edwards turned into.
  9. Looks like the extraneous goo was confined to the # 50, and not the 'outlining area' of the Jersey.
  10. Letting Levitre walk is really starting to pay dividends. Think of all of that cap cash that the Bills saved!
  11. Exactly. If you look toasted, the sharks will attack.
  12. If Lewis plays somehow(I'm betting that he does) I like the Bills 27-24
  13. I wouldn't flaunt it in front of cops, but I had an open bottle of beer walking on the side streets off of Abbott rd. on my way to the stadium.
  14. Rich Stadium held 80,240 fans(or thereabouts). "The Ralph" holds about 73,000.(essentially two different facilities) The noise level has never been the same since the stadium was reconfigured, and will never reach that deafening level of glory ever again.
  15. Go to whitetrashfootballfans.com for Steelers tickets
  16. Jesus Darin. I bet we could get a tankfull if we cooked your ass down into biodiesel.....
×
×
  • Create New...