Next board meeting is Monday September 19th, 2016
Fountain House – 425 W. 47th St. between 9th and 10th Avenues.
All volunteers are welcome to attend and participate in discussions. If you would like to be added to the Board notification list, please contact email@example.com
2. 2016 Statistics
CTA prepared a whopping 1,088 returns in 2016 (not counting the Flatbush
Returns). This number reflects State and Federal combined.
3. Calling all Chinese Speakers!
We are looking for Chinese – speaking volunteers to help out at our Flushing site on Saturdays during the tax season. Tax volunteering experience is preferred, but translate-only is helpful as well. Please contact Jim Schiller at firstname.lastname@example.org to help.
CTA is a section 501(c)(3) organization. You can deduct your donation as a charitable contribution on your 2016 taxes.
Contribute by check or money order:
Community Tax Aid
P.O. Box 1040
New York, NY 10025
Or Donate online through NYCharities.
5. Tax Facts
(NOTE: as a 501(C)(3) organization, we do not endorse nor contribute to any political campaigns. This is a factual guide with the aim to educate and encourage participation in the electoral process.)
With the Presidential election a few months away, here’s a look at Trump vs Clinton’s tax proposals as they relate to low-income taxes.
Current: For a married couple making between $18,551 and $75,300, the official marginal tax rate is 15 percent. But in practice, about 45 percent of American taxpayers pay no individual income tax (they do pay federal payroll taxes), because of various tax credits that particularly favor families with children.
What Mr. Trump would do: …
What Mrs. Clinton would do:
- lower taxes across the board…reduce the 15 percent income tax bracket to 12 percent…
- make child care tax-deductible.
- the bottom 95 percent of income would see little or no change to their taxes
- a child care tax credit
How income taxes could change based on income level, with the reporter’s analysis: