From the category archives:

tax policy

Taxes and the State of the Union

25 January 2012

Last night was the State of the Union speech as delivered by President Obama. Traditionally, the State of the Union speech is delivered once a year to both houses of Congress. For the last hundred years or so, the speech has been delivered in January of each year and is the President’s opportunity to address Congress [...]

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Romney’s Tax Returns are Remarkably… Unremarkable

24 January 2012

I know, I know. You, like me, woke up this morning and your first thought was: what’s on those darn Romney tax returns? Okay, maybe you didn’t. But I did (true story, ask my husband). And not because I really care in a this-will-dramatically-change-my-life kind of way but rather I was interested in what the [...]

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Tax Talk 2012: Tom Miller

23 January 2012

With South Carolina behind us and Florida looming, we’re firmly in the throes of primary season. I feel strongly that it’s important to understand what it is that each candidate hopes to bring to the table in terms of tax incentives, tax policy and tax proposals. With that in mind, I contacted each of the [...]

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As South Carolina Goes, So Does the Nation?

15 January 2012

This week, the eyes of the nation turn to South Carolina. No, not for the 37th Annual South Carolina Square and Round Dance Convention (though who among us doesn’t enjoy a good line dance?). They’ll be watching the South Carolina Republican primary, to be held on January 19, 2012. I know what you’re thinking: why [...]

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Are You Ready for Government Prepared Tax Returns?

13 January 2012

“The income tax has made more liars out of the American people than golf has.” – Will Rogers But what if it were easier? And what if the IRS made it nearly impossible to lie? What then? Last year, IRS Commissioner Doug Shulman hinted that one way to reduce the potential for tax fraud was [...]

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IRS Offers Taxpayers ‘One More Chance!’

10 January 2012

My seven year old has a penchant for getting herself into trouble. She’s that kind of kid who pushes boundaries to see exactly how far she can get. Lucky for her, she also has a pretty quick wit and a couple of looks up her sleeve. When she gets into trouble, she peers up at [...]

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Payroll Tax Cut Bill Includes New ‘Recapture’ Tax for the Wealthy

23 December 2011

So now that the payroll tax cut has been extended for two months, what does that mean for taxpayers? Well, even though the collective wisdom is that Congress will hammer out a longer term deal, the IRS gets to play a game of “let’s put a bunch of provisions in place within the space of [...]

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Senate Votes No On Payroll Tax Cuts

1 December 2011

Ooh, talk about efficiency. Here I was totally expecting the Senate to at least pretend to entertain extending the payroll tax cut until tomorrow. Instead, they rushed right into a “no” vote a day early. The charge was led by Senate Republicans despite statements by House Speaker (R-OH) in support of an extension. Boehner said [...]

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Deadline, Schmeadline: Congress May Eliminate Automatic Spending Cuts

28 November 2011

It was originally touted as the worst thing that could possibly happen. Okay, the second worst. Yet, the failure to meet the self-imposed Congressional deadline for tweaking the budget came and went last week with relatively little drama. That was surprising after the dire predictions made by members of Congress and the President which sounded [...]

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