Welcome Guest. Register Now!  


For 2009 Tips for tax year 2009


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 05-08-2009, 04:08 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
What is the cost of the American Recovery & Reinvestment Act of 2009?

The Government is estimating that the projected cost of this act would be approximately $800 billion in order to fund the programs outlined in this act.

Here are the main areas making up the cost of the act;

1. $300 billion in tax cuts for individuals and businesses.

2. $250 billion will go to fund state and local governments.

3. $150 billion towards various kinds of infrastructure spending.

4. $100 billion in income support for unemployed individuals.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is the Goal of the American Recovery and Reinvestment Act of 2009? TaxGuru For 2009 0 05-08-2009 04:03 PM
Tax Provisions in the American Recovery and Reinvestment Act of 2009 Samatg Tax News 0 02-23-2009 03:38 PM
How to Correctly Claim the Recovery Rebate Credit on your 2008 Return Samatg For 2008 0 02-12-2009 08:59 PM
IRS Offers Tips to Avoid Recovery Rebate Credit Confusion Samatg For 2008 0 01-30-2009 07:40 PM
Four Tips to Help Taxpayers Avoid Errors On the Recovery Rebate Credit Samatg For 2008 0 01-27-2009 10:40 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.