I think we all saw this coming. We’re easing out of a recession. The deficit is climbing. Companies *might* be hiring again, depending on the sector. Wall Street is inching back up, salaries and bonuses included. Retail sales are rebounding. It’s all good, right? We’re getting there, the President keeps reminding us, as he reiterates…
It’s funny, my line of work. I practice tax law alongside my husband who practices international and corporate law. A significant portion of his practice involves business immigration work for companies who are interested in setting up shop here in the US. It’s always interesting to me, then, to read about taxpayers who are interested…
When it comes to economics, the US and UK tend to find themselves on the same page. A recent example is their consolidated front over the need for banking transparency – both countries took a tough approach with respect to the banking secrecy laws of in Switzerland and Luxembourg. But this weekend, the US and…
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 top earners paid…
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…
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.
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 out of…
