The past few years have been tough ones for our economy, with the market dropping, unemployment skyrocketing, and other general economic indicators not being too favorable. A lot of people have lost a lot of their net worth during that time, and many of them were on the point of despondency because they didn’t know […]
Taxpayers Could Face A Tax Increase As Congress Delays Vote On Taxes
We’ve written about the Bush tax cuts several times in the last few months, and how if Congress doesn’t act, the tax cuts will be expiring for everyone, not just the wealthy. While I still think it’s a remote possibility that the tax cuts won’t be renewed, and that congress will just blame it not […]
Bush Tax Cuts Still Not Renewed. Tax Cuts Become A Political Football In Election Season
As we get nearer to election season the rhetoric surrounding one of the biggest tax issues this year is coming at us at a feverish pace. The Bush Tax Cuts are expiring this year, and without them being renewed for all taxpayers we could see one of the largest tax increases in some time. Both […]
What Is An Economic Bubble Anyway?
It seems nearly every financial publication released today has the term “bubble” in it somewhere. Many of us know it’s a bad thing, but what does it really mean and how do they happen? Do they truly have an effect on the average consumer? Hopefully we can clear up the confusion of what an economic […]
Mortgage Forgiveness For Underwater Homeowners: Will Obama Forgive Billions Of Dollars In Mortgage Principal?
I was reading up on what’s new in the mortgage markets and the economy over the weekend, and one piece of reporting caught my eye because it seemed like it couldn’t possibly be true. It was talking about how the Obama administration is considering making a move later this month where Fannie Mae and Freddie […]
New 1099 Reporting Requirements In Obama Health Care Plan: A Small Business Paperwork Nightmare?
When The Obama Health Care law passed this year few people actually knew what was fully contained within the bill’s thousands of pages. Only now after the law has been passed are we finding out the details about some of the provisions within the law that could affect us. A lot of people aren’t happy […]
The Bush Tax Cuts Are Expiring. Will The 2011 Tax Hikes Bring On A Double Dip Recession?
At the end of the 2010 there will be a tax increase for all taxpayers, if something isn’t done. Back in 2001 the Bush administration helped to get an across the board tax cut passed that effectively lowered the marginal tax rates for all people paying taxes. (If you didn’t pay taxes, it doesn’t matter […]
When Will I Get My $250 Medicare Part D Donut Hole Check?
Earlier this week President Obama spoke with seniors at a town hall meeting in regards to the Medicare Part D prescription benefit, and talked about how many of those seniors would be receiving a $250 check in the mail as a result of the health care reform passed earlier this year. Today I thought I […]
Obama Administration Urges Congress To Pass Another $200 Billion Stimulus Package
As the effects of the $787 billion stimulus package of last year begin to wear off, the Obama administration is now looking at the option of passing yet another “limited” stimulus package to help dig the economy “out of a deep valley”. Without it they fear that the slow gains our economy has made this […]
Democrats Hope To Pass A Second U.S. Stimulus Bill By Early 2010
Fresh off of a $787 billion stimulus package passed in February of 2009, congressional Democrats are now beginning to talk about passing a second, more modest stimulus package sometime within the next few months – aimed at easing the unemployment crisis. From Reuters: Congressional Democrats’ push for another U.S. stimulus package got a boost on […]
Tax Rules And Consequences Of The Cash For Clunkers Program
I’ve written quite a bit about the cash for clunkers program here on Bible Money Matters in relation to how the program worked, who qualified for the rebate, and how you could go about redeeming your voucher. The program has now run its course, and now that the excitement has died down people are beginning […]
Time Is Running Out To Get The $8000 First Time Homebuyer Tax Credit
A few months ago we wrote for the first time about the $8000 first time homebuyer tax credit that the Obama administration passed as a part of the 2009 stimulus bill. The measure was aimed at helping to improve the real estate market that has taken such a huge hit over the past year. They […]
Cash For Clunkers Program Is Dead Again. Gas Guzzler Trade-In Program Ends Monday.
We’ve been talking a lot recently about the Cash For Clunkers program, and how the program has been successful by some standards, and troubled in other ways. The program ran out of money one week after it launched, and was only re-launched after congress passed another 2 billion dollars for the program. Now the program […]
Cash For Clunkers Gets A $2 Billion Cash Infusion And Rises From The Dead.. For Now
More Cash – For Cash For Clunkers It was only a week ago that we were talking about how the Cash For Clunkers program had only been active for a week, and it was already running out of money. $1 billion dollars had been assigned to the program and after demand for the vouchers was […]
