Help The Middle ClassNews and Information For The Heart Of America
Rep. John B. Larson: 7 New Tax Credits Now Available Through the Recovery Act
Tax cuts were the biggest individual component of the Recovery Act. Even though only half of taxpayers have filed so far this year, tax refunds are already up nearly 10% from last year due to the Recovery Act.
As you file your 2009 income taxes, you may qualify for a series of new tax cuts that [...]
President Obama Already Breaking ‘Tax Pledge’. Get Ready To Pay More For Everything
Barack Obama promised to fix health care and trim the federal budget deficit, all without raising taxes on anyone but the wealthiest Americans. It’s a promise he’s already broken and will likely have to break again. Obama and the Democratic-controlled Congress have already increased tobacco taxes — which disproportionately hit the poor — to pay [...]
History Lesson: When Taxes On The Rich Rise, Revenues Fall – Every Time
But what if they already are paying their fair share – and then some? And what if it backfires
When I was a good young socialist in the 1970s, I thought progressive taxation was wonderful: Rob from the rich to pay the poor. As I grew older and possibly wiser, I confronted basic economic facts as [...]
“I’m Buried in Debt”: How To Survive A Recession
Laurie Redmond thought she was making a smart decision when she quit her job in 2005 to become a mortgage broker. Her company, a large bank, had recently been bought out, and layoffs were imminent. Rather than compete with hundreds of other job seekers in the same profession, she says, “I jumped ship before I [...]
Health nominee Sebelius Becomes 6th Obama Pick To Reveal Tax Problems
Kathleen Sebelius, the 60-year-old Democratic governor of Kansas, who is Obama’s last unconfirmed Cabinet nominee, is seeking Senate confirmation as the administration accelerates its efforts to build support for a sweeping overhaul of the nation’s healthcare system.
Kansas Gov. Kathleen Sebelius, Obama’s pick for Health and Human Services secretary, did not pay $7,040 in taxes between [...]
10 Common Tax-Filing Mistakes You Can Avoid
Thanks to tax preparation software, more of us are making fewer mistakes on our annual tax returns. But still, just one slip in entering information on your computer could end up costing you, either in the form of a larger tax bill or a smaller refund.
Almost half of individual filers, however, still send in paper [...]
Tax Tip: Work From Home? Deduct Your Home Office
Whether you are self-employed or an employee, if you use a portion of your home for business, you might be able to deduct the associated costs.
A home office [...]
Damn The Torpedoes: Defying The Recession To Launch A Biz
When metal worker Ken Kash was laid off in July from his job at a theatre set company, he decided not to look for another full-time position. Instead, he’s pursing a longtime dream: launching his own company.
“I’m 48, and I feel that if I wait too much longer, I won’t have the energy or ambition,” [...]
Dear Mr. Obama, Want To Keep People In Their Homes? Just Cut Property Taxes!
Lowering property taxes would do more to keep people in their homes than any government rescue plan.
There is an unpleasant surprise lurking in the mortgage meltdown for many homeowners. Despite free-falling home values, property taxes and property assessments remain stubbornly high. The problem is that though house prices are falling, tax assessors are slow to [...]
Your Taxes From A to Z: Tax Tips And Pitfalls
Doing your taxes is not as easy as ABC, but these alphabetical tips could make the process less difficult and save you some money, too. Here’s the start of some A-to-Z tax opportunities to take or pitfalls to avoid.
Your taxes from A to Z: tax tips and pitfalls (CLICK HERE FOR THE COMPLETE STORY)
