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Taxes

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Bush’s Tax Cuts for the “Rich” Actually Favor the Poor

Tuesday, May 13th, 2008

It really bugs me when people in the media and (increasingly) in everyday conversation insist on mentioning Bush’s “tax cuts for the rich.” People throw that phrase around a LOT (usually as evidence that Republicans are evil and Democrats are pure goodness), but I’ve found that few actually have any idea what tax cuts [...]

Where’s My Economic Stimulus Rebate????

Tuesday, May 13th, 2008

According to the IRS’s payment schedule for the rebate checks, we should have received our payment last week. It never came. So, today I did a little research and I think I found out why:
Q. I filed my return on time, but I haven’t received my stimulus payment, even though the payment date [...]

Another Question of the Day - How Will You Spend Your Rebate Check?

Thursday, April 17th, 2008

I just received an email from a PR person for Experian with the results of a survey on what Americans plan to do with their tax rebate checks. Among the responses:
19% said they would pay off a debt
16% said they would pay utility bills
15% said they would increase their spending
10% said they would [...]

Uncle Sam’s Budget - 2007

Thursday, April 3rd, 2008

There’s an interesting (if wordy) article on MSNBC that is aptly called How The Government Spends Your Taxes.
Many of you have already filed your tax returns, meticulously tallying up the often astounding amount that you have sent off to Uncle Sam. Just what are you getting in return? Here’s a breakdown [...]

GIVEAWAY - H&R Block Tax Cut Premium Thumbdrive

Monday, March 17th, 2008

I have FOUR H&R Block Tax Cut thumbdrives to give away.
If you would like a chance to win one, please leave a comment below. As with all my giveaways, I have TWO rules:
1. You must be a resident of the U.S. or Canada, and…
2. You can only enter ONE TIME!
I’ll announce the four randomly-selected [...]

The Middle Class and Taxes Under Clinton and Bush

Wednesday, February 27th, 2008

While doing some research for a follow-up on the Roth 401(k) vs. Traditional 401(k) post from yesterday, I discovered something interesting. One of the campaign promises we keep hearing from members of a certain political party is how we need tax cuts for the middle class. What these candidates have failed to mention [...]

Question of the Day - National Sales Tax

Wednesday, February 27th, 2008

Meg’s post from the other day mentioned the possibility of a national sales tax (consumption tax) and the negative impact it would have on the Roth IRA and 401(k) since the contributions to those plans were already taxed and would be taxed again when spent during retirement. This leads me to today’s question of [...]

The IRS Knows What Happens In Vegas

Thursday, February 7th, 2008

As a blogger, I get lots of article submissions and press releases sent to me on a daily basis. Normally, I ignore them but I thought this one was worth sharing. I received this last week before the Super Bowl but am just now getting around to posting it.
The IRS Knows What Happens [...]

Another Way Responsible Borrowers Could Get Screwed: Property Taxes

Monday, January 28th, 2008

I think the handwriting is on the wall for citizens of areas facing lots of foreclosures. If municipalities are left with lots of vacant properties due to foreclosures, they will have to cut expenses, raise property taxes, or a combination of both in order to meet their budgets.
Remember, there are two parts to the [...]

Another GIVEAWAY - JK Lasser’s “Your Income Tax 2008″

Thursday, January 17th, 2008

Here’s a timely giveaway. It’s the 2008 edition of JK Lasser’s Your Income Tax (Affiliate Link). If you do your own taxes and would like a nice reference guide, this book is for you. If you would like the opportunity to win a copy, just leave a comment below. I’ll randomly-select [...]

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