SEPTEMBER 15 – 21, 2010

Business to Business

Red Velvet Tailoring provides alterations for men, women and children. Get 10% off every Thursday before Sept. 30. Call Katerina at 480-208-8699. Located next to the Dairy Queen at 6554 E. Cave Creek Road, Suite #6.

MacDonald's Ranch is your family-oriented taste of the west in the tranquil Sonoran Desert. Come check out their pumpkin patch the entire month of October. The patch is open all week from 9 a.m.- 6 p.m. Pumpkins vary in price between $3 and $12 depending on size. Bring your family and friends to enjoy MacDonald's Ranch's Pumpkin Festival. Only $7 per person, and children under 12 months have free admission. Also take the kids to the petting zoo, hay maze, sack race, pony rides and much more. Call 480-585-0239 for more info or visit their website, www.macdonaldsranch.com. Located at 26540 N. Scottsdale Road.

Join the Arizona Women's Shooting Association for the NRA basic handgun course. Sept. 30 and Oct. 1, 6 – 10 p.m. $100 per person. For further information call 602-571-3886 or visit www.azwsa.com.

Receive transportation to and from the airport and other local locations with Pepper's Private Care Service. Pepper's services Cave Creek, Carefree, Scottsdale and North Phoenix. Call 602-501-3328 to get a ride today.

With Steel Shield Security Doors' summer specials, you can get $100 off any door with a regular base price of $1099 or more and $50 off any door with a regular base price of $825 or more. Security Doors offers sunscreens, security doors, entry gates, enclosures and window guards. Call today to schedule your complimentary in-home appointment, 623-581-DOOR (3667).

Gustafson & Associates, LLC, is your accounting, bookkeeping and tax service. Gustafson & Associates is private and confidential. Office: 480-575-3094. Fax: 480-907-7358. Located at 37417 N. Tom Darlington #5, Carefree.

Create your own private retreat with Luxury Bath. Luxury Bath specializes in solid surface panels, marble slabs, countertops and tile. During their Monsoon Madness deal, you can renovate and have your bathroom painted without any additional cost. Call 623-580-9525 for additional information.

Saguaro Grille's sidewalk café is the place to be for breakfast or lunch. After a long, hot summer, it's a relief to be able to enjoy the breeze that flutters the tablecloths. Try an iced latte, a cold beer or a glass of chilled white wine with your meal for an utterly cool experience. Saguaro Grille is open 7 a.m. - 3 p.m. every day at 99 Easy Street in Carefree. More information is available by calling 480-575-0021 or visit www.SaguaroGrille.com.

Annual Meeting Notices:

Wednesday, October 20:
The 2010 Desert Foothills Community Association (DFCA) Annual meeting will be held Oct. 20, 2010. Meeting location is AZool Grill, 3134 W. Carefree Hwy, Phoenix, AZ 85086. Meeting starts promptly at 7 p.m. For more information visit www.cavecreekrodeo.com.

Thursday, October 21:
Cave Creek Chamber of Commerce Annual General Meeting and Elections will be held Oct. 21, 2010 at 8 a.m. Meeting location is Harold’s Cave Creek Corral, 6895 E. Cave Creek Road, Cave Creek. For more information visit www.CaveCreekChamber.org.

Business income to shoulder over a third of tax increase on top earners

WASHINGTON – Advocates of allowing the top two federal income tax rates to expire claim that only 2 or 3 percent of businesses would be affected, but a new Tax Foundation report shows that more than one-third of the revenue from an increase in the top two rates would come from business income.

About 39 percent of the $630 billion tax increase on high-income taxpayers (defined by President Obama as individuals earning more than $200,000 and married couples earning more than $250,000) in 2011 would come from business income. This amounts to an extra $246 billion in taxes on business income over 10 years.
According to Tax Foundation President Scott Hodge, who authored the paper, “What matters most is not the number of taxpayers impacted, but the amount of business income – and, therefore, business activity – impacted.”

Of the roughly $864 billion in taxable business income reported on individual income tax returns in 2008, nearly 68 percent was claimed by taxpayers earning more than $200,000, and 35 percent was claimed by taxpayers earning over $ 1 million.

“This means that the combined business income of every taxpayer earning up to $200,000 was still less than the total business income of taxpayers earning more than $1 million,” Hodge said.
Tax Foundation Special Report, No. 185, “Over One-Third of New Tax Increases to Come from Business Income,” is available at http://www.taxfoundation.org/
publications/ show/26696.html.