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 Tax Musings: What a Fiscal-Cliff Plunge Would Cost You
This tax musing shows how much the ‘Fiscal Cliff’ would cost each income group if all the Bush Tax Cuts expire. The attached article by Ian Salisbury tries to break tax increases by group and is worth a look:http://www.smartmoney.com/taxes/income/what-a-fiscalcliff-plunge-would-cost-you-1353009406152/?mg=com-sm#tabsSo it looks like if the tax cuts expire, everyone will be unhappy, especially the politicians, since it will be their fault if nothing gets done! 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: Obama and Congressional Leaders Hold ‘Constructive’ Fiscal Cliff Talks
As this tax musing says, the President and Congress met last Friday to try and bridge the Fiscal Cliff and according to everyone the meeting went well, which could just mean that nobody was tarred and feathered. See this article in Accounting Today by Michael Cohn for more details:http://www.accountingtoday.com/news/Obama-Congressional-Leaders-Hold-Constructive-Fiscal-Cliff-Talks-64693-1.html?ET=webcpa:e6334:204199a:&st=emailThey are talking about a Christmas deadline and not allowing things to wait until the last minute – Really?! 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