Draft of Form

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Submitted by JoinRudy2008.com on Sat, 01/12/2008 - 20:40.
1040-FAST Form DRAFT 2009
Address Label Here
Your Social Security number
Spouse's Social Security number
1. Income from All Sources (other than payouts from Roth-type retirement accounts)
2. Health Care Exemption* -
3. Personal Exemption ($3500 per person) -
4. Interest Paid on Home Mortgage -
5. Charitable Contributions -
6. Taxes Paid to State and Local Government -
7. Taxable Income =
8. Tax Due
a. 10% of 1st $40K +
b. 15% of $40K to $150K +
c. 30% of amount over $150K +
Subtotal =
9. Child Tax Credit ($1000 per child) -
10. Taxes Already Withheld -
11.
Tax Owed or Tax to be Refunded
 =

* For those without employer-based insurance coverage, Rudy proposes an income exclusion of up to $15,000 for families, $7,500 for an individual.