Taxpayer asks:My daughter attends an independent private elementary school. We pay around $10,000 a year in tuition. Is it deductible?
Taxgirl says:
Thanks for writing.
This is actually one of my pet peeves in tax policy. You don’t get a break for paying for private school tuition: if you pay for private or parochial school, no […]
Mitt Romney has said publicly that parents who home school their children should get a federal tax credit to help offset the expense of teaching. “I also believe parents who are teaching their kids at home, homeschoolers, deserve a break, and I’ve asked for a tax credit to help parents in their homes with […]
I’m been following the conversations on Warren Buffet and his concerns about the tax system and have to say that I find it fascinating. When one of the wealthiest men in the world criticizing our tax system as “tilted towards the rich,” it’s time to take notice. See what else Buffet has to […]
It seems that more and more countries are confirming what we know to be true: it’s really, really better to be wealthy.
First, the US. Then, the UK. And now? Ireland.
RTE is reporting that the top 80 earners in Ireland paid about a rate equivalent to about 15% tax. The 150 […]
Apparently, it’s not just the US taxpayers who are complaining that those in lower tax brackets actually pay a higher percentage of tax overall. UK taxpayers are making a similar claim.
According to the Sunday Times, the UK’s richest people are paying 4p in the pound less in tax than any other section of the […]
Who believes that the economic burden of being middle class in America is difficult.
TaxProf blog posted an interesting excerpt from Todd Zywicki’s op-ed piece in the Wall Street Journal about double income (at a middle class level) families and their struggle with an increased tax burden. The piece was derived from a review of […]
Well, only if you were at a Hillary Clinton fundraiser last night.
The often “out of the box” Buffet, one of the richest men in the world, offered $1 million to any one in the audience who could prove that he paid a tax rate which was higher than those that work for him. […]
At least according to one of my colleagues across the pond. You can read the reaction to my post about being middle class in America at Tax the Fish.
Tags: middle-class, tax, tax policy, UK, USShare This
I filed my taxes today. Yeah, they are late. I almost always file with an extension because I’m so busy in April - I’m not recommending it, I’m just saying it happens.
Anyhow, this year, it really hit me how much being middle class in American sucks. And as the words were coming […]
tax news, tax info and tax policy - and it’s not as boring as you think!
Written by Kelly Phillips Erb [email] for b5media.
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