by Arthur Geffen | Jul 11, 2012 | Income Tax, Tax
Interesting Read regarding choices various states have made As state governments begin to emerge from the long downturn, many are grappling with a difficult choice: should they restore some of the services and jobs they were forced to eliminate in the recession or cut...
by Arthur Geffen | Jul 6, 2012 | Income Tax
The word is out: Two new taxes on the affluent and wealthy will take effect as scheduled next year as a result of the Supreme Court’s decision upholding the health-care overhaul. One is a new 3.8% tax on net investment income, and the other is a 0.9%...
by Arthur Geffen | Jun 22, 2012 | Income Tax
It’s easy to gripe about the rich manipulating the rules to lower their tax rates, but sometimes it’s better to simply borrow a few pages from their playbook. Finagling a low tax rate on income – as Warren Buffett talks freely about – might be difficult...
by Arthur Geffen | Jun 7, 2012 | Income Tax, Interesting!
It’s a statistical blip, but a stunning one. In 2009, six tax filers among the country’s 400 richest tax filers owed absolutely nothing in federal income taxes. Not a penny. This, despite the fact that those six filers belong to a group whose...
by Arthur Geffen | May 30, 2012 | Income Tax
NOW IS THE TIME TO START PLANNING!! Tax experts are already looking ahead to 2012 taxes, when the tax burden to some Americans could change significantly with the expiration of a number of tax cuts and other temporary tax reductions. New IRS Study: More Than 10,000...
by Arthur Geffen | May 14, 2012 | Income Tax
If you have lots of money, Tuesday, April 17, was one of the best tax days since the early 1930s: Top tax rates on ordinary income, dividends, estates, and gifts remain at or near historically low levels. That’s thanks, in part, to legislation passed in...
