45% of Americans Paying NO Federal Taxes for 2010

April 18, 2011

Like a bad dream, each year, the headline surfaces from various tax foundations regarding how many Americans paid no federal taxes.  Last year it was 47%.  This year it’s 45%.  Same thing.  Millions of Americans, many of them earning six figures or more, will not pay a dime into the federal tax coffers this year.  […]

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Value of Tax Shield Explained – MBA Mondays

January 10, 2011

The Value of Tax Shield strategies by corporations will be the subject of this week’s MBA Mondays with Darwin.   Have you ever found it odd that in the same day, you’ll hear the pundits on CNBC saying that IBM or Exxon are sitting on hoards of cash, but then you see that they’re still issuing […]

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Guess Which 5 Companies Pay the Most Taxes?

December 26, 2010

People love to trash big business, especially politicians.  You know, those greedy bastards that make all those profits?  Recall when oil spiked to over $140 per barrel, politicians were calling for a “windfall profits” tax?  What a ridiculous notion.  I don’t know, do they get a “windfall loss” tax deduction when times are bad?  Well, […]

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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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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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