The newly redesigned $100 bill was announced in 2010, but due to production delays it won’t be put into circulation until later this year.
Taxmageddon: Will We See A Huge Tax Increase Due To Expiring Tax Breaks At End Of 2012?
At the end of 2012 a whole host of tax breaks are all expiring at once. It is being called “Taxmageddon” and unless something is done the average household could see a huge tax increase.
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?
If You Itemize Your Taxes You’ll Have To Wait Til February To File
The IRS has announced that if you plan to itemize your taxes, you will have to delay filing as their systems aren’t yet up to date with the current law. Find out when the IRS will start processing returns here.
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 […]
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 […]
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 […]
The New $100 Bill Design Adds New Security Features
It was announced this past week that the Department of the Treasury will be issuing a new redesigned $100 note on February 10, 2011. It has been overhauled and has been updated to include a ton of new features to help thwart counterfeiters. Over a decade of research and development went into its new security […]
New Credit Card Rules Take Effect: CARD Act Of 2009
Credit Card Accountability, Responsibility and Disclosure Act (CARD) of 2009 On May 22nd, 2009 Barack Obama signed new legislation into law called the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act). The law was supposed to force credit card companies to become more transparent with their fees, interest rates and other […]
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 […]
Congressional Budget Office Says 2009 Stimulus Package Could Be Harmful To Economy
credit: kevindooley The Congressional Budget Office released a statement this week stating that they believed the current versions of the 2009 stimulus package would actually be harmful to our nation’s economy in the long run. President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to […]
Obama 2009 Stimulus Plan Could Exceed $775 Billion Dollars
As the new year gets closer the President-elect and his team are making plans for the new year, and his first term in office. One of the first things on the table, a stimulus package that could reach or exceed $775 billion dollars. Regarding the new administration’s stimulus plan, Mr. Axelrod also said that the […]
Greed. It Never Ends Well.
If you’ve been watching the news lately you’ve probably seen the rash of bad news that we’ve had surrounding large companies and CEOs keeping cooked books, running Ponzi schemes and just defrauding people in all sorts of ways. It hasn’t been one isolated incident, but multiple incidents. The one thing they all have in common? […]
Obama Considers $500 Billion Stimulus Package For Early 2009
credit: Tony the Misfit Sounds like a stimulus plan is in the works, to be signed by President elect Obama once he is sworn in. From the Wall Street Journal: Aides to President-elect Barack Obama and President George W. Bush are rushing to craft measures to shore up financial markets and prevent a policy vacuum […]
