You know how when you were a kid, you’d think about something coming up that you were really looking forward to – like Christmas or your birthday or vacation – and then it would come and you were all, “This is it?”
The tax deal passed last night in the House. It was kind of like that.
In honor of President’s Day, I thought it would be fun to try and match U.S. Presidents to their tax policies. For purposes of clarification, I am well aware that tax legislation is Congressional, not presidential, but the President sets the tone for policy and action, so that’s the framework we’re using for the tax…
It’s the New Year and sadly, the same old Congress. With that in mind, I thought that Congress could use a little help with their New Year’s resolutions for 2012, so a couple of days ago, I posed this question on my blog: What’s on your tax and financial #wishlist for Congress in 2012? Here’s…
Sen. Harry Reid (D-NV) has confirmed that the Senate will vote on the proposed tax deal today. Discussions were expected to precede a vote. I expect them to be somewhat lively. Stay tuned. Kelly Phillips Erb Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates,…
A proposal called the Border Wall Funding Act of 2017, with the alternative title, “To amend the Electronic Fund Transfer Act to impose a fee for remittance transfers to certain foreign countries, and for other purposes” was introduced on March 30, 2017, by Rep. Mike Rogers (R-AL).
Wait. Did you feel that? How the world just stopped spinning now? No? Exactly. Presidential hopeful Mitt Romney has released his full 2011 federal income tax returns and the world did not stop. Romney had previously indicated that his returns were on extension; the due date for federal income tax returns on six-month extension is…
Twenty-one days. That’s all the time that Congress has to fix the payroll tax before the cuts expire – and that’s only because it’s a leap year. Remember that crazy two-month long extension that Congress passed a couple of months ago? The one that Rep. Pelosi (D-CA) promised they’d fix in January? Well note to…
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So we get a small tax increase in the form of the estate tax and a shot of heroine through the SS withholding…. For a fiscal conservative I guess this really shows how low our expectations of congress are when we cheer them on just for not raising our taxes today, but kicking the can down the road a little further. Nothing to see here, just more pandering, and less confronting our spendthrift problems (thats the conservative in me talkin’). What ever happened to the “highly regarded” debt reduction panel and their advise?
Out of curiosity, do you know a good website with a summary of what the new tax bill passed?
I started searching but mostly found news articles about the vote itself…
I’ll toot my own horn and say start here: http://www.taxgirl.com/the-morning-after-the-tax-deal-hangover/
That was the original deal (not too much has changed). I’m working on an update.
Does this include the LTCG at 0% in the lowest bracket that we had the last 2 years?