Does the approval of political asylum have an impact on the case if the lawyer is arrested? 2013 tax changes? article cover image
News/Community Wire/Archive/Jan 6, 2013
Legacy archive / noindex

Does the approval of political asylum have an impact on the case if the lawyer is arrested? 2013 tax changes?

Republished with permission

Political asylum approval. Will the arrest of the lawyer have any impact on the case? 2013 tax changes? "Alberta Times" Lawyer Q&A 1. My brother’s political asylum for 6 months…

Local families

Alberta Times

Lawyer Q&A

1. My brother's political asylum was approved in New York 6 months ago, but his lawyer was recently arrested. Will this affect his case? He hasn’t applied for a green card yet? Answer: The recent arrest of 26 defendants (including 6 lawyers) has affected many people's cases. The main reason is that many of these cases are based on false stories and documents. Although your brother's application has been approved, the prosecutor may reopen the case or the case may be overturned. However, generally the prosecutor must also have evidence. At present, he does not need to do anything. He can only be notified to present true proof and testimony when he appears in court.

2. May I ask whether our taxes will increase across the board in 2013? What is the content? Answer: To avoid falling off the "cliff", Obama wants to significantly increase taxes on the top 2% of wealthy households. Specific proposals include: 1. Increase the personal income tax rate from the existing 33%-35% to 36%-39.6%. If Coupled with the 3.8% medical investment surtax that has been implemented since 2013, the highest tax rate is 42.4%; 2. The long-term capital gains tax rate will increase from the existing 15% to 23.8%, and the ordinary dividend tax rate will also increase from the highest personal tax rate of 35% to 42.4%, while qualified dividends (Qualified dividends) Dividends) tax rate will also rise from the existing 15% to 42.4%; 3. The inheritance gift tax will drop sharply from the exemption amount of 5.12 million yuan in 2012 to the exemption amount of 1 million yuan in 2013, and the tax rate exceeding the exemption amount will increase from 35% in 2012 to 55% in 2013. What Republicans are now interested in is simply limiting itemized deductions and eliminating deductions to reduce spending without touching increases in spending items. The elimination of itemized deductions and deductions will inevitably hurt low-income and middle-class people. Whether Obama can turn things around for another four years depends on whether the negotiations between him and the House Republicans on the edge of the fiscal cliff can prevent the 500 billion yuan in spending cuts and tax increases starting in January next year from falling back into recession. Please wait and see.

Sources and usage

This piece is republished or synchronized with permission and keeps a link back to the original source.

Editorial tags

Community WireArchiveRepublished with permission