federal taxes Archive
House Democrats Tax Increases in Historical Context: Build Back Better
October 4, 2021
No Comments
TweetShareSharePin0 Shares One way to put the House Build Back Better Act’s tax increases in historical context is to compare them to previous tax increases as a share of gross domestic product (GDP). Compared to previous tax changes, this House tax plan would impose the largest gross tax increase since President Lyndon Johnson’s tax hike
Fha Loan Qualifications
October 4, 2021
No Comments
TweetShareSharePin0 SharesFha Loan Qualifications What is an FHA loan and do I qualify? In 1934, Congress established the federal housing administration. This agency built the foundation for more affordable loans, enabling many Americans to buy a home with little money down and low interest rates. The government insures lenders against borrower default on FHA loans,
Proposed Top Combined Marginal Capital Gains Tax Rate Would Be Third-Highest in OECD
October 4, 2021
No Comments
TweetShareSharePin0 Shares Under the House Build Back Better Act (BBBA), the United States would tax capital gains at the third-highest top marginal rate among rich nations, averaging nearly 37 percent. In the U.S., long-term gains currently face a top marginal tax rate of 23.8 percent at the federal level, the result of a maximum 20 percent
Massive, Secret Offshore System Hid Billions of Dollars
October 4, 2021
No Comments
TweetShareSharePin0 Shares And a blurry timeline for Democratic legislative priorities. President Joe Biden told House Democrats to delay action on the bipartisan infrastructure bill until they can agree on a scaled-back tax and spending package to fund the rest of his economic agenda. How long that will take is anybody’s guess. Senate Democratic leader Chuck
Massive, Secret Offshore System Hid Billions of Dollars
October 4, 2021
No Comments
TweetShareSharePin0 Shares A blurry timeline for Democratic legislative priorities. President Joe Biden told House Democrats to delay action on the bipartisan infrastructure bill until they can agree on a scaled-back tax and spending package to fund the rest of his economic agenda. How long that will take is anybody’s guess. Senate Democratic leader Chuck Schumer
Analysis of SALT Cap Repeal Proposal
October 4, 2021
No Comments
TweetShareSharePin0 Shares As policymakers weigh whether to lift or repeal the $10,000 cap on state and local tax (SALT) deductions enacted by the Tax Cuts and Jobs Act (TCJA), they have to wrestle with how that change would primarily benefit high-earning taxpayers. As some have pointed out, other TCJA changes may further increase the benefits
Run A Thriving Home Business With These Tips
October 4, 2021
No Comments
TweetShareSharePin0 SharesRun A Thriving Home Business With These Tips Running a home business can be a great thing to do for yourself and your family. Don’t be fooled by some of the corporations. You can indeed run a business your way, but you need to know the basics. Read through these tips to see the
Frequently Asked Questions About Wills, Living Wills and Powers of Attorney
October 3, 2021
No Comments
TweetShareSharePin0 SharesFrequently Asked Questions About Wills, Living Wills and Powers of Attorney Frequently Asked Questions About Wills, Living Wills and Powers of Attorney WHAT DOES A WILL DO? The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare a will.
Pandora Papers shows transparency failure is an accountability failure
October 3, 2021
No Comments
TweetShareSharePin0 Shares The ICIJ has today revealed the biggest offshore leak since the Panama Papers in 2016. The Pandora Papers document 14 offshore professional service providers, and the way in which a mass of politicians, public officials and celebrities have utilised the offshore system to hide the true value of their wealth, and in some
Reasons to Hire a Tax Law Attorney
October 3, 2021
No Comments
TweetShareSharePin0 SharesReasons to Hire a Tax Law Attorney The IRS is probably the most feared arm of the United States government. There are people who fear the IRS more than they do the FBI or the CIA. In facing this branch of the government, you will need a lot of help. While some people may
