Your Financial Guide

Atmos Energy Corporation (NYSE: ATO) said today it has promoted Edward Pace McDonald IV to vice president of tax.

“Pace McDonald is a proven leader who has contributed exceptional expertise to our corporate tax functions and has helped ensure the highest level of accuracy and integrity in all our tax matters,” said Fred E. Meisenheimer, senior vice president and chief financial officer of Atmos Energy Corporation.

McDonald, 41, heads a department of more than 20 tax professionals who support Atmos Energy’s regulated and nonregulated operations.

He joined Atmos Energy as director, tax, in April 2002 to in-source the company’s income tax function and to consolidate into one department most of the company’s transaction tax functions, including sales and use tax, property tax and franchise tax.

McDonald began his career at Deloitte & Touche and later moved to Ernst & Young in 1997. He earned

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My The American’s Creed post from the other day received this comment from BG:

…the rich have never had it so well as they do today! Ultra-ridiculously low tax brackets, $5 million tax-free estate transfers, etc.

The rich, my friend, are not hurting.

In 1918, the highest marginal tax bracket was a tax of 77% on income over $14 million (adjusted to 2009 dollars) for married-filing-jointly. Now the highest bracket is 35% on income over $373k MFJ.

What a joke.

A person who made $1,000,000 in 1918, would have paid over $703,000 in taxes (70.3% of their income). Adjusting those numbers for 91 years of inflation at 3%, a $1,000,000 income would be equivalent to $14,729,481 in 2009. Usi

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A sales tax is a tax that is placed on the purchases of goods or services. The federal government does not have a national sales tax. Qualifying products or services are only taxable by a particular state government.
Each state has the ability to impose their own sales tax rate. At the current time Oregon, New Hampshire, Montana, Hawaii, and Delaware are the only states that do not impose a state sales tax. It is possible for different counties inside these states to impose their own local sales tax. The local sales tax generally depends on the preferences of local lawmakers and taxpayers. States that do impose a state sales tax also allow individual counties to impose an additional local sales tax. Read more…

Based on the experiences of many Preferred Tax Relief clients, I have come up with important tips on how you can select the right tax professional that will help you achieve your tax goals and needs. IRS problems are generally the kinds of problems anyone in the country do want to deal with. Tax problems brought down Al Capone. While people fear the agency, individuals and companies pose as tax professionals and take advantage from the instilled fear .

One of the most popular methods used by bogus tax professionals is done by offering people with tax help services at very low prices. Preferred Tax Relief clients have always known that if somebody offers them something that is too good to be true, they should avoid such person like plague.

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