The Bush Tax Cuts: What are They? (Part 1 of 2), defined several Bush tax cuts that are set to expire at year end. They include a federal tax rates increase, an increase in capital gains or qualified dividends, and a lowered maximum for estate and gift tax exclusions. So, how will the potential expiration [...]
Georgia Shoppers Now Have to Pay Taxes on All Online Purchases
October 3, 2012 | Posted by
Georgia shoppers have had a long respite from having to pay taxes on goods purchased online. Those days are over thanks to a change in the state’s tax code that went into effect this week. Prior to this point, Internet shoppers on national sites like Amazon, Overstock and Zappos have been exempt from paying the [...]
President Obama Hits Back At Mitt Romney Over Leaked Comments
September 20, 2012 | Posted by
President Barack Obama used a late-night talk show appearance on Tuesday to take issue with Mitt Romney’s leaked comments that disparaged Obama supporters. The president chided his Republican rival for his poor choice of words during the May 17 fundraiser in Boca Raton, Florida before a room full of wealthy donors, saying that whoever wins [...]
Romney: Obama Supporters Don’t Take Personal Responsibility for Their Lives
September 17, 2012 | Posted by
In a potentially explosive incident that may do long-lasting damage to his campaign, Republican candidate Mitt Romney made private remarks to an audience of wealthy donors earlier this year during which he lashed out at Obama supporters as people who don’t take personal responsibility for their lives, who are dependent on the government to take [...]
Offshore Private Wealth: Rich Have $32 Trillion of Hidden, Untaxed Financial Assets
July 24, 2012 | Posted by
LONDON, July 22 (Reuters) – Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts – [...]
Mitt Romney and the Rich ARE Different from the Rest of Us
July 20, 2012 | Posted by
How does Mitt Romney’s extreme wealth make him different from the rest of us? This is the provocative question that Nobel Prize-winning economist Paul Krugman explores in the New York Times today in a column that will likely cause Romney serious agitation. The meaning and relevancy of Romney’s wealth is an issue that has emerged [...]
Confronting Obama Disappointment: For Presidential Incumbents, It’s Inevitable
July 3, 2012 | Posted by
While hanging out with friends at the shore over the weekend, I picked up a March issue of The Atlantic magazine, featuring a cover story that purported to explain whether President Barack Obama was a “chess master or pawn.” The upshot, the compelling article said, depends as much on the outcome of the 2012 election [...]
Obama Advisor Urges Democrats to ‘Go on Offense’ on Taxes
July 1, 2012 | Posted by
David Plouffe, who is widely credited as the architect of President Obama’s 2008 election victory, sent out a memo to fellow Democrats urging them to “go on offense” against Republicans on taxes and not let Republicans set the terms of the debate. This memo, which was made public by the White House, comes after the [...]
Lauryn Hill: I Failed To Pay My Taxes
June 30, 2012 | Posted by
Lauryn Hill pleads guilty in NJ to tax charges. Eight-time Grammy winning singer Lauryn Hill entered a guilty plea on charges of income tax evasion Friday in a New Jersey court, and could face up to three years in prison when sentenced in November. Intending to pay back the money she owed — an amount [...]
