Where tax policy meets politics — legislation, elections, and the debates in Washington that decide how (and how much) you’re taxed.
We have a winner! It’s Andrew! For the answer, see the comments! Our next tax trivia question for the giveaway is: Which President was in office when the AMT went into effect? The first correct answer wins free CCH tax prep software. My answer on this one is final. Remember that you have to comment…
Remember this ad for Infiniti Q45? The commercial doesn’t really give you much information. We just know it’s a commercial for a florist car company. The ad campaign was pretty widely knocked as “zen marketing” – it’s supposed to make you feel good about the car. You just don’t know any facts. It could be…
We have a winner! It’s Elizabeth! For the answer, see the comments! Our first tax trivia question for the giveaway is: George H.W. Bush uttered the phrase, “Read my lips: no new taxes” while speaking at the Republican National Convention in what city? Don’t forget: the first correct answer wins free CCH tax prep software….
I can’t imagine that this looked all that good on paper… Apparently, in an effort to recover the TARP money from banks and other groups that the White House is anticipating won’t actually be paid back to taxpayers, they’re going to tax the banks, who will likely pass along the tax to taxpayers – to…
In 2009, we had “Geithner-gate”: a string of Obama nominees, including the head of money matters for the country, who were flagged for tax errors, inaccuracies and flat out failing to report income. Treasury Secretary Timothy Geithner failed to timely pay $34,000 in taxes, citing confusion about his independent contractor status. Geithner ultimately blamed TurboTax…
You know how it goes. You sit for a bit, staring at the phone, maybe even biting your nails a bit. Should you call? Is it too early? You take a deep breath, pick up the phone, and dial. It rings and rings. No answer. You bite your lip and hang up. And then you…
The debate about health care reform is starting… again. Here’s why. The Senate passed a bill and the House passed a bill. They have some significant differences to work out. Two of the biggest issues? Paying for the thing and abortion. Neither of those discussions will prove to be an easy task. But for all…
That collective sigh of relief that you just heard? It was Hollywood, taking comfort in the fact that the cosmetic surgery tax is off the table in the race to pay for health care reform. But don’t start laughing just yet, George Hamilton. It’s been replaced with a 10% tax on tanning services. And yes,…
Not everyone is as thrilled about Citigroup’s new tax breaks as, well, Citi. Former presidential contender Rep. Dennis J. Kucinich (D-OH) counts himself of as one of those who has concerns about the Treasury Department’s decision to change the law so that Citigroup could keep billions of dollars in tax breaks. He went so far…
Wells Fargo announced early this week that it will repay $25 billion received under the Troubled Asset Relief Program (TARP). The announcement comes on the heels of a similar announcement from the Bank of America. Citibank rushed to join the ranks of those banks committed to repaying TARP funds over the next few months. So,…