Posts tagged as:

Bush Tax Cuts

The Morning After: The Tax Deal Hangover

8 December 2010

I’ll admit that I didn’t see yesterday’s tax deal coming. I was fairly certain that the drama would play out through this week. We still have drama but now it’s more of the “let me explain” variety. Let me see if I can sort out for you what happened and why. First, let’s talk timing. [...]

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Your Feedback on The Tax Deal

8 December 2010

I’ll be posting my thoughts on the tax deal in a moment but first I want to know, what do you think? QuestionsView Results

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Tax Update Piece On Its Way

7 December 2010

A lot has happened in the tax world over the past 24 hours. I’m working on a comprehensive article about the new tax bill. In the interim, you can catch some of the highlights in this piece I did for AOL’s WalletPop.

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10 Expiring Tax Cuts to Watch For

6 December 2010

The expiring Bush tax cuts – and what will happen to them – are all over the place these days. Folks seem to have very definite opinions about what should (and shouldn’t) happen. But it also seems like, for all of the publicity over the cuts, taxpayers really don’t understand what it all means. I [...]

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Still No Movement on Tax Cuts

4 December 2010

Vote early and vote often is taking on a totally different meaning these days. Congress is voting on the tax cuts – they’re just not getting anywhere. Today, the Senate voted twice on measures to extend tax cuts and failed to pass either version. One version would have extended the tax cuts to families making [...]

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What the Heck Do the Tax Cuts Mean?

3 December 2010

Earlier this morning I received an email from a reader who confessed that they really weren’t sure how the Bush tax cuts would affect them and wondered if I could give a quick summary of what all of this really means for taxpayers. It’s an excellent question and I’m on it… Check back later in [...]

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Fix the Tax Code Friday: How Rich is Rich?

3 December 2010

The latest point of contention in the “will they or won’t they?” session of Congress is whether to extend tax cuts to the “rich.” There seems to be a lot of discussion about what constitutes rich. Some in Congress have indicated that taxpayers making more than $200,000 per year are rich with others suggesting $250,000 [...]

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Congress Throws a Tantrum Over Tax Cuts

1 December 2010

My daughter hates to do her chores. Last week, she got it into her head that it wasn’t fair that she had to set the table so she decided that she wasn’t going to do anything else until we gave her a better job. A few minutes of sitting in time out changed her mind [...]

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Vote on Tax Cuts Expected This Week

1 December 2010

House Speaker Nancy Pelosi (D-CA) indicated just a few weeks ago that a vote on the expiring Bush tax cuts would happen in mid-December. It turns out that the rest of the House is a bit more optimistic than she is: Rep. Chris Van Hollen (D-MD) has announced that he expects a vote on Thursday. [...]

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Black Friday, Indeed, for Congress: Vote Looming

19 November 2010

Democratic leaders met this week to talk turkey and decided on two things: A vote on the Bush tax cuts won’t happen until after Thanksgiving; and The Bush tax cuts will be extended for those making $250,000 or less. And that’s all we have. That means there’s a lot, obviously, that we don’t know. Here [...]

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