The Workers Severance Tax Reduction Act of 2009 (H.R. 154) - status?

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Subject Author Date The Workers Severance Tax Reduction Act of 2009 (H.R. 154) - status? sailor1x 07-17-2009  Re: The Workers Severance Tax Reduction Act of 200... Bill Brown 07-17-2009  Re: The Workers Severance Tax Reduction Act of 200... Russ in San Diego 07-18-2009  Re: The Workers Severance Tax Reduction Act of 200... Dick Adams 07-23-2009  Re: The Workers Severance Tax Reduction Act of 200... paulthomascpa 07-23-2009  Re: The Workers Severance Tax Reduction Act of 200... Dick Adams 08-05-2009  Re: The Workers Severance Tax Reduction Act of 200... paulthomascpa 08-05-2009
Posted by sailor1x on July 17, 2009, 11:38 am Please log in for more thread options         Can you tell me the status of this bill?         Thanks -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Bill Brown on July 17, 2009, 11:53 am Please log in for more thread options On Jul 17, 11:38 am, sailo...@hotmail.com wrote: >         Can you tell me the status of this bill? > H.R. 154 was referred to the House Committee on Ways and Means on January 9, 2009. As best I can tell no hearings have been held or scheduled for that bill. This suggests the bill is dead. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Russ in San Diego on July 18, 2009, 10:15 am Please log in for more thread options > On Jul 17, 11:38 am, sailo...@hotmail.com wrote: > > >         Can you tell me the status of this bill? > > H.R. 154 was referred to the House Committee on Ways and Means on > January 9, 2009. As best I can tell no hearings have been held or > scheduled for that bill. This suggests the bill is dead. For reference, you can follow the progress of bills at www.opencongress.org For instance, http://www.opencongress.org/bill/111-h154/show -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Dick Adams on July 23, 2009, 10:58 am Please log in for more thread options > sailo...@hotmail.com wrote: >> ? ? ? ? Can you tell me the status of this bill? > H.R. 154 was referred to the House Committee on Ways and Means on > January 9, 2009. As best I can tell no hearings have been held or > scheduled for that bill. This suggests the bill is dead. The information I have gathered states: "Workers Severance Tax Reduction Act of 2009 - Amends the Internal Revenue Code to exclude from the gross income of individual taxpayers severance payments up to $150,000 for separation from employment due to a workforce reduction. Terminates such exclusion after 2010." It has been my experience that phrases of art such as "Tax Reduction" and "Tax Simplification" are mainstays in the repertoire of the confidence game profession. To paraphrase a quote often read here: Whenever someone says "Tax Reduction", I reach under my pillow and release the safety catch on my Luger. If you want to see Tax Reduction, increase the standard deduction to $25,000 per spouses and to $15,000 per dependent. Dick -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by paulthomascpa on July 23, 2009, 11:28 am Please log in for more thread options > If you want to see Tax Reduction, increase the standard deduction > to $25,000 per spouses and to $15,000 per dependent. Wow. All I need are multiple spouses and I can save even more? Somehow I doubt that. But it's good for a chuckle. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Severance Pay December 30, 2008, 11:35 am Tuition Reduction Question March 28, 2008, 11:13 pm Basis reduction for 1/2 Investment Tax Credit February 14, 2007, 9:41 pm Stimuls Payment Reduction Formula for Higher Income Taxpayers? March 24, 2008, 7:34 am Taxes for household workers November 3, 2007, 6:11 pm Co-workers gift - taxable income? August 20, 2008, 2:19 pm Co-workers' gift - taxable income? 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