Last night was the State of the Union speech as delivered by President Obama. Traditionally, the State of the Union speech is delivered once a year to both houses of Congress. For the last hundred years or so, the speech has been delivered in January of each year and is the President’s opportunity to address Congress…
Is your mortgage interest deduction at risk? What about your charitable donation deduction? Your real estate tax deduction? Your medical expenses deduction? Under a new conservative plan introduced by Sen. Pat Toomey (R-PA), one of the members of the “Super Committee”, the amounts that taxpayers could claim as a deduction on a Schedule A would…
Let’s say that you have a shot at your dream job. You’ve done your homework, you’ve put in the hours, you’ve managed to get through the interview. There’s just one more thing: your tax return. Your potential employer has asked to you to disclose your tax return with the understanding that the information on the…
Yesterday marked the month long anniversary of Occupy Wall Street. I realize that there are those that quibble with the dates as the actual protest has been a long time coming but the first organized group of protestors reportedly hit the streets of New York City on September 17, marking the more or less official…
It’s Fix the Tax Code Friday! This week, Warren Buffett continued to be all over the news for his statements about taxes for the very wealthy. In case you’ve missed it, Buffett has amped up the rhetoric on tax reform by suggesting that those in higher brackets benefit disproportionately from existing breaks in the Tax…
I’m been following the conversations on Warren Buffett 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. The original video (from 2007) has been removed…
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 anyone in the audience who could prove that he paid a tax rate which was higher than those that work for him. Buffett claimed…