Stop making our city the highest taxed in US. Coupler D-40 tax Deductions & Exemptions with the Federal IRS104 figures.
Every year the US govt. raises the D & E figures for inflation. DC last raised this figure in 2008. From 1991 to 2005 there was no increase in DC
Exemptions and Deductions ($2,000 and $1,370) putting us way behind.
* DC Exemption 2011, single and married $4,000, Deduction $1,650 each.
* Federal Exemption 2011, married $11,600, single $$5,800, Ded. $3,700.
* Unincorp. Franchise Tax, required for all with business gross of $12,000.
Unchanged since 1986. Inflation adjusted should be $25,000.
* Basic Business License is a disaster. Many people are renting a room or
two illegally not knowing the city has made them criminals.
* Others cannot get the BBL because they cannot sign the Clean Hands
form saying they don't owe DC $100 or more. Office of Tax and Revenue
and traffic fine appeals stop many from legalizing their small business.
THESE ITEMS HURT THE LITTLE GUY THE MOST!! FIX THEM!!
-
G. Lee Aikin commented
Correction, should read "...couple D-40...with...IRS 1040..."