11 Tax-Favored Valentine’s Day Gifts For 2013
“Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia.” – Judith Viorst, children’s author and tax activist
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Romney, The 47% & The Leaked Speech That Just Won’t Go Away
Over the past 24 hours, I’ve been asked quite a bit why I have haven’t written about the leaked Romney speech. You know. This speech: There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon…
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Big Oil Tax Breaks Continue After Procedural Vote
I said it would be a tough vote and it was: the Senate voted this week to block a proposal to curb tax breaks for big oil. The Democratic effort to launch S.B. 940, known as the Close Big Oil Tax Loopholes Act, would have ended tax breaks for the top five most profitable oil…
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Tax Breaks For Big Oil Back In The News
The soaring price of gasoline is definitely attracting some attention these days. According to the most recent data available, it will cost you, on average, $1.065/gallon more to fill your tank this year than at the same time last year. Considering that the typical American drives 13,476 miles per year, that means that we’re spending…
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US Uncut & GE: Imagination (& Hoaxes) At Work
Just around noon, a story caught my eye on Twitter. It was a link to a Forbes story claiming that GE had issued a press release confirming that the company had decided, in the midst of public outrage, to return its $3.2 billion refund. I almost choked on my coffee. What company does this? The…
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How Do You Say “Gotcha!” In French?
A significant number of our law firm clients are in the tech sector. A fairly hefty percentage of those tech clients happen to be headquartered outside of the US, specifically in western Europe. As in the US, the success rates of many European tech firms have corresponded fairly directly with the health of the economy….
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Tax Breaks Expiring Soon – No, Not Those Tax Breaks
As the debate over extending those Bush tax cuts continues, another tax break is slipping away… The Making Work Pay Credit, in place for the 2009 and 2010 tax years, is likely to not be extended to 2011 or beyond. Tax preparers (and tax software manufacturers) are likely breathing a sigh of relief. The tax…
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Bailout Or Boost? Congress Debates Small Biz Breaks
For months/years, Congress has been happy to sit back and take a “wait and see” position on the economy as it relates to small businesses. But now they care. They really, really care. *** Oh wait, I’m just getting this in… This flurry of activity is just meant to make them look like they care…
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Obama Proposes Tax Breaks for Business: Too Little, Too Late?
Where were you on December 1, 2007? It’s one of those dates that you’re likely not to remember. But according to the National Bureau of Economic Research, that’s about when the recession really started. If you believe that we’re still in a recession (and most economists seem to), that makes 34 months. We’ve had stimulus…
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Fix The Tax Code Friday: Tax Breaks For Investments
It’s Fix the Tax Code Friday! Yesterday, I blogged about NC’s efforts to woo Apple and Google to the Tarheel state by passing corporate tax breaks directed at each of them. This is nothing new. In my own state of Pennsylvania, a new film tax credit is being touted in an effort to bring more…