-
Search the 2TG Blog
2TG Blog Post Categories
Pre-owned 2TG Blog Posts
-
Recent 2TG Blog Posts
Observations on Twitter
Tweets by CPA_thinkgoodCurrently Reading
Tag Archives: Federal taxes
Why American Democracy Is In Trouble
Using the latest available year — 2007 — we know the following facts about people who filed Federal tax returns: Top 1% of Household Incomes Top 1% are those who reported incomes of $410,000 or more Top 1% paid 40% … Continue reading
Posted in Business & Economics
Tagged Charles Murray, Federal taxes, IRS, Wall Street Journal
Leave a comment
Year-End Tax Tips
Some year-end reminders about your taxes from a WSJ article: Writing off your loser stocks Your options with worthless stocks Possible changes in minimum-distribution requirements Making a gift from your IRA Charging your charitable contributions – easily the most overlooked … Continue reading
Posted in Business & Economics
Tagged Federal taxes, Financial Planning, Wall Street Journal
Leave a comment
IRS Eases Up on Homeowners
WSJ Tax article ————————————————————————————— IRS Eases Up on Homeowners By TOM HERMAN IRS officials say they are speeding up efforts to provide relief for homeowners in financial distress. The Internal Revenue Service has developed an “expedited process” to make it … Continue reading
Posted in Business & Economics
Tagged Federal taxes, IRS, Tom Herman, Wall Street Journal
Leave a comment
Year-End Strategies to Trim Your Taxes
WSJ Tax article —————————————————————— Year-End Strategies to Trim Your Taxes DECEMBER 3, 2008 By TOM HERMAN ‘Tis the season to make last-minute tax-saving moves. Just don’t automatically repeat everything you’ve done in past years. Because of several tax-law changes and … Continue reading
The gamble of increasing tax rates
The gamble is that increasing tax rates on the wealthy will not cause them to alter their behavior to avoid the increased tax expense and as a result, will result in much greater tax receipts. I think most Americans assume … Continue reading
Individual Taxes Under McCain or Obama — P1
While the chart [below] of their plans appear mostly similar, they differ in the following ways: Sen. McCain wants to permanently extend the current federal income-tax rates. Sen. Obama would increase the top ordinary income-tax rate, now 35%, to 39.6% … Continue reading
Posted in Current Affairs & History
Tagged Federal taxes, Tom Herman, Wall Street Journal
Leave a comment
Why inflation means relief for taxpayers
WSJ Tax article —————————————————————— Why Inflation Means Relief For Taxpayers Adjustments to Exemptions, Brackets for 2009 Will Benefit High-Income Filers the Most SEPTEMBER 17, 2008 By TOM HERMAN No matter who wins the White House, most taxpayers can look forward … Continue reading
How AMT confuses taxpayers
WSJ Tax article —————————————————————— How AMT Confuses Taxpayers AUGUST 13, 2008 By TOM HERMAN If you’re confused by the alternative minimum tax, you have lots of company. A new Treasury Department report says about 226,000 federal income-tax returns filed in … Continue reading
Posted in Business & Economics
Tagged Accounting, Federal taxes, Tom Herman, Wall Street Journal
Leave a comment
House-hoppers may suffer
WSJ Tax article —————————————————————— House-Hoppers May Suffer Under New Tax Rules Housing Package Makes It Harder To Exclude Gains AUGUST 6, 2008 By TOM HERMAN Life is getting tougher for some people who own more than one home. Part of … Continue reading
Posted in Financial Planning
Tagged Accounting, Federal taxes, IRS, Tom Herman, Wall Street Journal
Leave a comment
January 2008 – Business and tax reminders
01/01 – Federal [Bank] Holiday 01/07 – IRA reminder – eligible to make IRA contributions up until April 15th 01/15 – All employers – payroll taxes due for monthly deposit filers 01/15 – Individuals. Make a payment of your estimated … Continue reading
2 Think Good 