Category: Taxes

Taxes Will Have To Rise
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Taxes Will Have To Rise

Let me preface this by saying I am against all taxes by the Federal Government since our constitution was adamant about State and Local control and taxation.  In fact, the Founding Fathers offered no powers to the Federal Government to tax citizens fearing what they experience in Europe.  The nifty ability to ax on a [...]

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Congressman Ryan on the potential 88% Tax Bracket

Great Clip Courtesy of Three Fingers of Politics…http://threefingersofpolitics.com/
RYAN: Right now we’re at about 24.7 percent off, just doing that off the top of my head. This bill takes us to about … $2.4 trillion over the ten-year window when you really look at its true costs. That’s a big number on top of there. I [...]

Beware of Roth Conversions Video
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Beware of Roth Conversions Video

The talk of 2010 is the ability to convert your Traditional IRA to a Roth IRA and spread the taxes out over a two year period. What are the pro’s and con’s of such a move? Is it right for everyone? Since we all believe taxes will go up in the future, [...]

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Homebuyer Tax Credit Extended and Increased

The government recently voted overwhelmingly to extend and increase the first time homebuyer tax credit.  The change now allows homeowners who have live in their house for the last five years to purchase a new home and qualify for the credit.  While some have voiced concern over this plan, the effects (trickle down) can be [...]

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Taxes: States Step Up To Grab Estate Taxes

I’ve mentioned it time and time again. Taxes with the government can be likened to a balloon filled with air that you begins to change and move when you press on the balloon.  Politicians in their greed for power use taxes like a game to pepper special interest groups with money and funds to keep [...]

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Death, Probate & Estate Taxes: Plan for it. We all will pass away at some point.