taxes
The government is funding some very big and expensive programs. Cash for clunkers ($1 BN so far, 2 more requested), the alphabet soup of new home loan modification and buyer benefits programs (several billion), bank bailouts (hundreds of billions) and the coming rehaul of the healthcare system. I don't know if we can keep throwing money at our problems and hope they get fixed.
1 FaverShareQuoted: The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab.
I get this question a lot, what happens when values go down? Quoted: The county's 2009 assessed values are, on average, down 12 to 18 percent from last year's, Assessor Lynn Gering said. But that doesn't mean tax bills will go down.
1 FaverShareHave you ever wondered...
1 FaverShareViewed: 8 TimesQuoted: US National Debt Clock : Real Time U.S. National Debt Clock
Jess IAccording to our divorce papers, my ex-husband is supposed to be repaying the $20K in back taxes that he owes from his business. The IRS is taking my tax refund to go towards his back-taxes. Can I sue my ex-husband to get that money back?
1 FaverShareViewed: 1 Time1 FaverShareViewed: 3 TimesQuoted: He asked me where America was going to get the $700bn needed for the splurge. I reminded him that the legislation (at least last I looked) only authorized $350bn upfront and only $250bn of that would be funded initially. I pointed out to Nathan that if we up and left Irag this month and walked away from all of our financial commitments to Iraq and it’s security, we’d save $250bn over the next two years. We could use that money buying the crap assets, holding them through the downturn, and then flip them when things get better, hopefully for a profit. That’s a hell of a lot better than spending $250bn providing a police force for Iraq while they assemble an oil-funded surplus for their own account, not ours.
Good article comparing both sides. Depending on your situation, you'll probably come to different conclusions. Feel free to skim to the end though.
1 FaverShareViewed: 7 TimesQuoted: Job No. 1 for the next president? In the minds of an overwhelming number of Americans, it's fixing what ails the sick economy. What the voters will have to sort out are very different approaches offered by Barack Obama and John McCain.
I like the premise of keeping it less than 100 pages.
1 FaverShareViewed: 2 TimesQuoted: Amazon.com: Surprisingly Simple: Independent Contractor, Sole Proprietor, and LLC Taxes Explained in 100 Pages or Less: Mike Piper: Books
i just don't understand how republicans sleep at night...
4 FaversShareViewed: 16 TimesQuoted: According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families. Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy. For the approximately 147,000 families that make up the top 0.1 percent of the income scale, the difference between the two plans is stark. While McCain offers a $269,364 tax cut, Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million.
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delay delay delay. message to world leaders: we've already delayed too much!!
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