The deadlock on taxes is unlikely to ease soon. It appears likely that any action on bigger-ticket tax items will be delayed until after the Nov. elections. That includes decisions on continuing the Bush tax cuts and extending provisions that lapsed after 2009 and the very important alternativeminimum tax. Politics is the reason for this.Read more about Stalled Tax Legislation[…]
But while most of the country is pinching pennies – the Obamas don’t seem to be heeding their own advice. While many of us are struggling, the First Lady is spending the next few days in a five-star hotel on the chic Costa del Sol in southern Spain with 40 of her “closest friends.” HerRead more about Obama, Penny Pinching and Spending our Tax Dollars and Expiring Bush Tax Cuts[…]
Myth: A dividend tax hike will be insignificant. Fact: The maximum tax rate on dividend income will surge by 164%—from 15% to 39.6%—Under Obama’s plan unless Congress acts to stop a dividend tax hike.