So what exactly are the ‘wealthy’ Americans making more than $200,000 (single) and $250,000 (married) going to lose? Will it be lower tax rates or deductions? Or both? See this post from the Washington News in the UCLA Planned Giving Site to get more details:http://www.legacy.ucla.edu/?pageID=38Whatever it ends up being, sounds like they will pay more taxes, although the people making more than $1 million will probably be hit the hardest. Let’s see how it unfolds and I will keep you posted! Remember, for financial, accounting and tax musings, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Tax Talks Raise Bar for Richest Americans
This tax musing discusses more of what will happen if taxpayers making more than $200,000 (single) and $250,000 (married) get aced out of the Bush tax cuts and what they can expect. See this article in the New York Times by David Kocieniewski:http://www.nytimes.com/2012/11/20/business/economy/tax-talks-raise-bar-for-richest-americans.html?pagewanted=1&_r=1Whether the upper tax rates go up or not, it looks like the ‘wealthy’ are going to pay more taxes! Remember, for financial, accounting and tax musings, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Financial Musings: Stanford’s Accountants Found Guilty of Hiding $7 Billion Fraud
More dishonest accountants! This financial musing talks of R. Allen Stanford and his ponzi scheme and how his accountants helped hide it. See this article in Accounting Today by Laurel Brubaker Calkins originally published in Bloomberg: http://www.accountingtoday.com/news/Stanford-Accountants-Found-Guilty-Hiding-Fraud-64718-1.html?ET=webcpa:e6337:204199a:&st=emailAlways remember to have an accountant you can trust! Remember, for financial, accounting and tax musings, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com