Posts tagged as:

debt

Debt Ceiling, Spending Cuts to Rise But No Word on Higher Taxes

1 August 2011

If you stayed up to watch the marathon Braves/Pirates game, the one that lasted 19 innings, you kind of know how most people feel about waiting for the debt ceiling deal to be made. It’s been long. And no one was quite sure how it was going to end. And if you saw the end [...]

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Do Americans Want to Pay Higher Taxes To Reduce Our Debt?

26 July 2011

Do Americans want to pay higher taxes to pay down our debt? It depends on who you’re listening to. Much has been made of wealthy taxpayers publicly stating that they want to pay higher taxes even as Congress is arguing that most Americans don’t want to taxes to be raised on anyone, full stop. This [...]

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Student Loan Interest – It’s Deductible!

10 September 2009

I have a love/hate relationships with student loans. I love that they allowed me to go to college and law school – I couldn’t have done it otherwise. But I hate almost everything else about them. And as a tax attorney with two graduate degrees, I find it impossible to read my own loan statements [...]

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Fix the Tax Code Friday: Mortgage Debt Cancellation

10 October 2008

Fix the Tax Code Friday is back! This is your chance to sound off about tax policy – and propose how you would fix the Tax Code if you were in charge… One of the heavily criticized pieces of the economic bailout package is the extension of the debt forgiveness exemptions for mortgage cancellations. Here’s [...]

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Ask the taxgirl: Who Owns the US Federal Debt?

28 June 2008

Taxpayer asks: Hey taxgirl, I get that we have overspent in Congress. But who do we owe exactly? And what is the difference between the deficit and the debt? I know these aren’t really tax questions but you talk about it on your blog so I thought you might know. Taxgirl says: What great questions! [...]

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