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Tax and Politics
Politics may be divisive and polarizing, but it impacts every aspect of our lives—including our taxes. Read this section of our blog to find out when Washington is taking aim at tax policy. New tax laws, tax debates, and even state headlines can be found here. We’ll walk you through all the biggest headlines to help you understand how our elected officials may affect your taxes. Have questions about your taxes? Get them answered by using our free live chat feature, located to the bottom right of your screen – or by clicking here.
Category: Tax and Politics
Oct
02
How the Election Impacts Your Taxes
If there’s an election that impacts the American people’s tax burden, the 2012 presidential election is it. Republican candidate Mitt Romney and Democratic incumbent President Barack Obama are apples and oranges when it comes to most issu...
Sep
24
Poll: Increase Taxes on Wealthy
The tax rates paid by the country’s wealthiest earners are almost always the topic of political debate. But according to a new poll, a majority of Americans feel Uncle Sam should be taking a bit more. Most people want to increase the taxes on w...
Aug
07
Internet Taxes Coming to a Mouse Near You
As a struggling economy tightens state budgets across the country, more state capitols are taxing internet sales to lessen the pinch. But what counts as these internet taxes? More States Adopting Internet Taxes Online sales taxes are coming to more a...
Aug
02
Washington Argues Over Tax Hikes on Wealthy
Tax cuts are at the center of attention in Washington again as president Barack Obama and Democrats hope to raise income taxes on the wealthy. But the tax hikes are far from certain. D.C. Tax Warfare Heats Up as “Fiscal Cliff” Nears It’...
Jul
27
2009 Tax Bills Lowest Over Past Three Decades
If you noticed your 2009 federal income tax bill was a bit lighter than normal, then you weren’t alone. 2009 tax bills were the lowest in decades. The Great Recession brought many families tough economic times, and Uncle Sam sought to help out by r...
Jul
23
Does Mitt Romney Owe Back Taxes?
Presidential candidate and former Massachusetts governor Mitt Romney has received a lot of media attention over the past couple weeks. And who knows whether it’s helpful for his campaign to be leader of the free world. Romney is known for making a ...
Jul
02
Sports Tax Breaks: A Favorite of State Capitals
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 new. But with anything involving tax dollars, controversy...
Jun
07
Tax Tribunals Created In More States
Anyone who’s been to U.S. Tax Court knows how much of a hassle – or blessing – it can be. Not only does it impact your schedule, but it can place an overwhelming stress on your family. It can also be another reason to hire a lawyer, or a line o...
May
30
Supreme Court Cuts Investigations for Tax Schemes
If you’ve ever had to work for a living chances are you probably hated one of your bosses over the years. But you’d probably think differently if that boss was a complicated tax shelter saving you millions of dollars. Enter: the Supreme Court. Wh...
May
01
States Collect More Tax Revenue
States across the US lost out on billions of dollars in valuable tax revenue over the past few years, but they’re now recouping a bit more as the economy starts picking up. Better Economy, More Tax Revenue An improving economy combined with enhance...
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