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A tax audit has to be one of the scariest terms in the in the English language. We’ve all seen the stereotype image of having to go and be questioned by tax authorities, defending our tax returns and it all seems like a scenario out of the Spanish Inquisition. Have you ever wondered what kinds [...]
9 Common Everyday Tax Deductions That Expired Here are 9 Tax Deductions that expired at the end of 2011; for the millions of Americans that use these deductions you will find yourself with a higher tax bill next Spring when you do your 2012 taxes. MORTGAGE INSURANCE PREMIUM DEDUCTION Starting in 2006 new loans that [...]
Tax season, my favorite part of the year! Not really but if you know how to estimate your taxes correctly at the beginning of the year, there shouldn’t be anything to worry about. Even though I know how to calculate my taxes, I like to sit down with my Certified Public Accountant (CPA) and see [...]
I am always astounded to hear people talk about taxes. Just the other day a friend of mine said he wouldn’t mind paying more in taxes just to help California balance the budget. I couldn’t believe my ears! California is the highest taxed state in the nation with the largest budget deficit. How does that [...]
How Any New Debt Limit Deal Will Hurt The Middle Class At this moment in Washington DC America’s leaders are frantically searching to find a solution to the United States’ addiction to spending. Needless to say I’m not holding my breath for any miracle solutions. In fact I’m pretty concerned that any solution will target [...]
The Great American Economic Migration – Part 3 The Rise of the Lone Star State Senator Phil Gramm has said of Texas: “I love Texas because Texas is future-oriented, because Texans think anything is possible. Texans think big” A tale of 2 states continues as we look closer at the growing economic power of Texas. [...]
The Great American Economic Migration – Part 2 A tale of 2 states, California chooses to plunge head first into its financial implosion while Texas is exploding with economic power. In this post we will look at the state of California and next we’ll discuss Texas. A long time ago there was a land filled [...]
Part 1 – Red State Rising American’s are fleeing away from high tax, high government spending, and forced union work states and flocking to low tax, small government, and “Right to Work” states. A study by the American’s For Tax Reform shows that the congressional reapportionment that comes out of the 2010 Census will be [...]
A Study in Financial Insanity “Insanity: Doing the same thing over and over again, expecting different results” – Albert Einstein As I live through the California Budget Crisis I’m astounded by how every news article I read or I see seemed to be like a broken record repeating itself over and over. The story has [...]
Halfway through October and still nothing has been done about the impending end of the Bush Tax Cuts. On January 1, 2011 the United States Tax Code reverts back to 2001 levels – wiping out a decade of lower taxes. The IRS is anxiously hoping that Congress will do something during the lame duck session [...]
