Taxes

If you Make 6 Figures, You’re Getting 2 Bonuses Next Year

December 12, 2010

There were two recent developments that have locked in 2 additional bonuses for 6 figure earners in 2011.  Aside from the framework tax deal Obama announced last week which left tax rates alone for all earners, the payroll tax reduction of 2% and the locked cost-of-living adjustment on Social Security means the cap at which […]

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Payroll Tax Holiday – How Much Would It Save You?

September 21, 2010

The Payroll Tax Holiday that was brushed aside by the administration in the past is coming to the forefront again as a possible compromise between conservatives and liberals as a means to help “stimulate” the economy without having some of the same problems the other efforts have had.  Namely, it would actually work…as opposed to […]

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Apparently, Americans DO Care About “The Rich” – Half Support Tax Cuts for “Top 2%”

September 18, 2010

One of the common arguments for reverting to the older higher tax rates pre-Bush for families making over $250,000 is that “it’s only the top 2%” of households, so it affects so few people.  As illogical as that argument is and the fact that it is devoid of any consideration of the collateral damage of […]

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10 Dumbest Uses of Your Tax Dollars in Stimulus Bill

August 3, 2010

A recently released GOP paper on the stupid use of federal stimulus dollars has resulted in the typical dismissal from the administration and the mainstream media as “right wing partisan politics”, but there’s nothing wrong with pointing out the results of this ill-conceived hasty distribution of dollars from our children’s generation to the current one.  […]

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Bush Tax Cuts Expiring – How This is Likely to Play Out

August 3, 2010

With the Bush Tax Cuts set to expire at the end of this year if no action is taken, it’s going to be the political issue of the year going into mid-terms, likely pitting tax-cutters vs. tax-the-wealthy only camps against each other.  While it may seem like a binary event, the way this will play […]

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Cool Tool for Estimating Your Taxes Under Obama’s New Tax Plan

July 29, 2010

It’s unclear at the moment whether Congress will act to extend the Bush Tax Cuts, let them expire, or enact a new hybrid plan that the administration is proposing whereby only families making over $250K would see an increase.  So, given the proposed plan, this tax calculator by the Tax Foundation has a nice simple […]

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