Category: Economic News

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Republican Tax Reform Bill: How Will It Affect You?
Looming republican tax reform has left many taxpayers wondering how and when they’ll feel the effects of the forthcoming bill. Republican lawmakers have just released their $1.5 trillion proposal for the president’s measures under the Tax Cuts an...
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Tax Breaks for Hurricane Victims
It has been a particularly devastating season for hurricanes across North America and beyond. People living everywhere from Puerto Rico and the Caribbean to Texas and Florida are just beginning to deal with the devastation brought to their lives, bel...
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Tax Changes Coming for 2017
While many taxpayers consider January through April to be tax season, taxes are a year-round endeavor. Make sure you’re up to date on tax changes coming for 2017 to save yourself time and money at filing time. 2017 Tax Brackets and Deductions L...
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Healthcare and Taxes: What You Need to Know
Healthcare and taxes is a confusing subject in the United States, and it has been this way ever since Obamacare came into the picture. American taxpayers are obligated to get insured or face a tax penalty — but that’s just scraping the su...
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Senate Approves More Tax Court Judges
Approval Paves the Way for Hearing More Tax Cases In a rare episode of cooperation and bipartisanship, the United States Senate approved two of President Obama’s nominees for the U.S. Tax Court in early August. The approval shows a unique insta...
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Tax Hikes to Hit Rich Post Fiscal Cliff
Washington Sputters On Big Tax Compromise If there was any time when Washington D.C. politicians were tested to see whether they could make a deal, that time is now. The so-called “Fiscal Cliff” is set to kick in on Jan. 1, 2013. Why is i...
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Internet Taxes Coming to a Mouse Near You
More States Adopting Online Sales Taxes As a struggling economy tightens state budgets across the country, more state capitols are taxing internet sales to lessen the pinch. Online sales taxes are coming to more and more states, giving online custome...
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Sports Tax Breaks A Favorite of State Capitals
Professional Sports Teams Save Money with Tax Incentives When it comes to professional sports, every city wants a piece of the pie. So cities and states giving tax breaks for big league sports teams to locate and stay within their borders is nothing ...
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Golden State Suffers $10 Billion Tax Gap
Californians Stiff Sacramento In the Golden State, things are looking less golden for Sacramento’s bean counters. The chief researcher for California’s tax agency told his supervising board that the state loses out on $10 billion every year at a ...
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Greek Debt Deal Shaves Risk for U.S. Taxpayers
International Credit Crisis Averts Higher Tax Rates After two years of scaring investors on both sides of the Atlantic, the Greek debt crisis is close to being resolved. The country was set to default after living beyond its means since before it ado...
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