Valentine’s Day is supposed to be when couples come together and celebrate their relationship, but the 13 tax increases in the 2013 fiscal cliff deal unfortunately continued America’s marriage tax penalty. For example, the new tax rates apply after the first $450,000 for a married couple. But if they were …
The Tax Foundation recently released its annual report on the number of tax returns filed that have no tax liability, and the study shows a record number of “nonpayers” in 2008. Taxpayers become “non-payers” when credits and deductions wipe out any income tax they owe. According to the Tax Foundation …
From the Tax Foundation: [youtube]http://www.youtube.com/watch?v=Si-htSSHxsE[/youtube] Be sure to check out the top related video as well.
Everyone remembers President Obama’s now-infamous comment as a candidate that he thinks everyone is better when we “spread the wealth around.” Of course, we spread plenty of wealth around through the tax code before Obama became President. In 2006, the latest year of available data, the top 20 percent of …
President Obama is proposing raising more than $100 billion in new taxes from American businesses by limiting their ability to defer tax on profits earned abroad. The President believes that by penalizing them, U.S. companies will have more incentive to keep jobs in the U.S. rather than shipping them overseas. Of course, …
