Prepared for the New Surtax?
As part of Obama Care, we have a new tax beginning in 2013. The official name of this tax is the “Unearned Income Medicare Contribution Tax,” and even though the name implies it is a contribution, … Read More
Permanent AMT Patch
The American Taxpayer Relief Act of 2012, signed by President Obama on January 2nd, included a permanent AMT (Alternative Minimum Tax) Patch. The AMT was first enacted in 1969 to make sure the ultra-rich paid their … Read More
Fiscal Cliff Agreement Averts Tax Increase for 99% of Americans . . . Or Does It?
It’s true that the agreement reached by Democrats and Republicans on January 1st averted a tax increase for 99% of us. Nevertheless, taxes will increase in 2013. Why? Because the reduction in Social Security taxes that … Read More
Are We About to Fall Off the Fiscal Cliff?
The political gridlock is worse this year than ever before. Taxpayers are left in the dark, not knowing how to plan finances and businesses are undecided about capital investments and hiring new employees. There are more … Read More