omnet solutions

Taxbrain.com Announces Winner of Free Tax Prep for Life

Tracy, CA (PRWEB) February 16, 2012

Taxbrain®, a leading provider of online do-it-yourself and full-service tax preparation services, announced the grand prize winner of their “FREE Tax Prep for Life” contest. Jamie Estes, of Missouri, will be awarded free federal and state tax preparation from Taxbrain for the next 25 years! The social media inspired contest celebrated how taxpayers lived more last summer in 80 characters or less – a challenge inspired by Taxbrain’s mission for taxpayers to live more and tax less.

While slightly more than 80 characters, Jamie weighed in with the following Twitter-worthy 138 character missive, “Participated in and contributed to BikeMS. Tax deduction for a great cause, and very healthy because it promotes exercise and well being.”

“We’re proud to award Jamie the grand prize of free tax preparation for life,” said Thomas Rose-Bolden, Director of Marketing, Taxbrain. “She truly embodies the spirit of living more and taxing less.”

“Jamie convincingly captured the spirit of the contest with just a few simple words,” stated Craig I. Petz, Vice-President, “We hope to continue to inspire people to live life to the fullest and leave the taxing part to us.”

An overwhelming amount of entries were submitted through Facebook and after the initial contest launch, entries went viral due to sharing and multiple entries on Twitter. Several daily winners received free Federal and State tax preparation for their 2011 taxes. View a full list of winners and entry submissions at http://www.facebook.com/taxbrainfans.

About Taxbrain.com® America’s Online Tax Service™

Taxbrain.com is a web-based tax solution delivering online preparation, filing, professional assistance and representation in all 50 states. Taxbrain.com is a full-service online tax center providing tax advice, tools, and resources all year to help taxpayers manage their tax burden with greater confidence and ease. For more information, visit http://www.taxbrain.com.

About Petz Enterprises, Inc.

Petz Enterprises, Inc. (a closely-held California corporation) is a software development company and a leading provider of tax preparation and filing solutions for the professional and consumer markets, helping to automate and simplify federal, state and local tax compliance. PEI’s Crosslink® line of professional tax software products enable tax practitioners and service bureaus to accurately prepare and file large volumes of individual tax returns. Founded in 1974, Tracy, CA-based PEI is dedicated to serving the needs of the professional tax community and individual taxpayers worldwide. For more information, visit http://www.petzent.com.

###

Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Question by : If we raise Capital Gains taxes would it monopolize investing solely for the rich?
There are 3 facts that I find interesting about capital gains

1st, the rich pay the vast majority of the capital gain taxes seeing as they invest the most. The rich also can easily afford to pay higher capital gains taxes.

2nd, the middle class make up the majority of the remaining capital gains seeing as they invest for retirement. They can’t afford to pay higher capital gains taxes on their investments.

3rd, since there is no way to distinguish who is rich and who is poor when it comes to taxing capital gains, If we raise capital gains taxes the rich will do fine, while the middle class will suffer.

Best answer:

Answer by W.C. Felcher
It depends what vehicles and instruments you use to invest.

SEP-IRA, Roth IRA, 401k etc. do not have annual capital gains tax liability. The government either assesses you on the way in or on the way out, or maybe not at all.

Know better? Leave your own answer in the comments!