Under federal tax law, Social Security amounts that people receive are either 1) not taxable if income is low enough; 2) partially, from 0% to 85% as your income rises or 3) fully if you pass a certain income threshold. Your income is based on a Modified AGI which is … [Read more...] about Is Social Security Taxable? Should It Be?
Archives for July 2011
Have we forgotten about the Pay Czar? Ken Feinburg's activity during the early part of the Obama administration certainly had some troubling components. Chief among these was the basic fact that this “pay czar”, as he was dubbed, was technically acting independently of any … [Read more...] about Pay Czars And Public Service
As the deficit talks ensue, Obama continues to blather on about eliminating tax cuts for the wealthy. In fact, this is shaping up to be a major theme of his reelection campaign as well. Thankfully for the Republicans, this position serves to highlight his continued economic … [Read more...] about Attacking The Wealthy Attacks Our Economy
Charles Krauthammer has an interesting strategy for debt negotiations -- short term solution now to avoid default, which will give a both sides a little extra time to formulate a long-term plan. The intriguing thing to me about this approach is that it forces Obama to make hard … [Read more...] about To Reform or To Campaign: That Is The Question
The WSJ had a fantastic piece today, reminding us of the new taxes yet to come, signed into law under Obama. And he wants MORE tax increases as part of this deficit negotiation? Go read the full synopsis right now. Some of the additional taxes are listed below • Starting … [Read more...] about WSJ: Adding Taxes To Taxes