The 2012 tax rate tables are projected to remain essentially unchanged.A few rate income ranges and standard deductions will change slightly.
What Effect Will The News Of Osama Bin Laden’s Death Have On The Markets?
This evening we heard news that Osama Bin Laden had been killed near Islamabad, Pakistan. What effect will the news have on our markets?
How Much Control Should The Government Have?
In his book, The Wealth of Nations, Adam Smith outlines the role of government in three distinct areas: military force, justice, and provision of public goods.
Taxes Are Going Up. Why Are Some People Seeing A Federal Income Tax Increase In 2011?
A few months ago I published what I thought the 2011 Federal Income Tax brackets might look like. At the time I thought that taxes may be going up because congress was having a hard time passing a tax package of any kind. Others were projecting that the rates were going to go up as […]
2011 Federal Income Tax Brackets: IRS Marginal Tax Rate Changes To Be Aware Of
The Congress and President Obama signed into a law a week or two ago an extension of the Bush era tax cuts, H.R.4853. We had been speculating for quite some time that Congress would actually raise the tax rates on the highest income earners only, but after the November election and solid Republican gains and […]
Obama Set To Sign Tax Cut Bill After The House Passes It. Bush Era Tax Rates To Be Extended
We’ve talked quite a bit about the Bush tax cuts and how they are expiring at the end of 2010. If something wasn’t done about the expiring rates ALL taxpayers would have been seeing an increase in their taxes in 2011. An average family would have ended up paying thousands more in taxes. Tax Cut […]
Deal Reached Between President Obama And GOP On Extension Of Bush Tax Cuts
Over the past year or so we’ve been talking on this site quite a bit about the 2001 and 2003 Bush tax cuts, and whether or not they would be renewed in some form before they expire on December 31st. We looked at what would happen to the tax rates if they weren’t renewed, and […]
President Obama Appoints Geithner and Lew To Negotiate A Resolution To Bush Tax Cuts
As the end of the year comes ever closer, and Congress gets ready to adjourn for the year, there has still been no action on the expiring 2001 and 2003 bush tax cuts. If the tax cuts were to expire on December 31st, we would see tax increases for everyone who pays taxes. Neither the […]
Decision On Extension Of The Bush Tax Cuts Pushed Off Until The Last Minute
I‘ve written several times on this site about the expiration of the 2001 and 2003 Bush tax cuts, and how if they aren’t renewed for all taxpayers before the end of the year, we could be seeing an increase in tax rates for everyone across the board. While both parties have been making overtures about […]
Are Americans More Financially Secure This Year Than Last? Or Just Being Optimistic?
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 […]
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 […]
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 […]
