It’s that time of year again. Where every Senator, Congressman, Businessman clamors for tax reform. Which really is never about tax reform, but about making the playing field more beneficial for someone (their special someone).
Tag Archives: tax rates
It’s not what I do…It’s what I say
Love him or hate him, Frank Luntz is a wordsmith par excellence. This Republican consultant spends his time concocting words that evoke good feelings- despite the misgivings one may have for the principles that lie beneath the words. He asserts (correctly, in my opinion, as it applies to the American electorate) that “80 percent of our life is emotion, and only 20 percent is intellect. I am much more interested in how you feel than how you think”. Continue reading It’s not what I do…It’s what I say
Confused by the Tax Changes?
Congress, the Senate, and President Obama agreed on a tax compromise for 2013 and 2014. I know everyone thought it was a tax decrease- but that was ONLY because the taxes had INCREASED automatically with the change of the calendar to 2013. For most of the US, those who earn money from salaries, they will see a tax INCREASE, since the payroll tax holiday that obtained for the past two years disappeared. (The Social Security tax on one’s pay was reduced from 6.2% to 4.2%. Unfortunately, that meant that the trust fund was not collecting enough money to keep solvent.)
Snow Job?
So, I was reading the Wall Street Journal. An article by John McKinnon. It was to explain a plan developed by Martin Feldstein (Harvard University, Chairman of Council of Economic Advisors under President Reagan), that “demonstrated” how a plan (now espoused by Speaker of the House John Boehner) to limit tax breaks would actually raise revenue. Except that the “sample data” was as realistic as having a jet plane land on my driveway.
2013 Tax Changes?
It’s that time of year again. Tax planning- which really should occur all year long, but so many of you love to wait until now. Which could be a little late, but let’s hope not too late.