Do Most Americans Support Obama’s Tax Hike?

Do Most Americans Support Obama's Tax Hike?
A couple weeks back I wrote about President Obama’s proposed tax plan, rolled out shortly after his State of the Union address. Now, right on cue, we’re getting the polling data on the plan. All it takes is a quick Google search and an aversion to reading past the headline to get what the media’s take on the ...

Tax Changes in Obama’s 2016 Budget a Mixed Bag

Tax Changes in Obama's 2016 Budget a Mixed Bag
President Obama recently released his proposed 2016 budget, which I’m sure has given the political types plenty of fodder (and enough Feedly tax items to put me in a article skipping coma). As much as I’d love to dig into the entire thing like a crazed group of rabbits burrowing into cement, I decided stick to a few of the ...

The Problem With Economic Patriotism

The Problem With Economic Patriotism
President Barack Obama called for “economic patriotism” last week in response to the renewed focus on corporate inversion, the process where a company reincorporates in another country despite retaining near identical operations. I wrote a bit about corporate inversion a while back. This, however, is the first I’ve heard about “economic patriotism.” If you’re wondering ...

Taxageddon 2013—Obamacare Medicare Tax

Taxageddon 2013—Obamacare Medicare Tax
Another day, another tax increase scheduled for 1/1/2013. We’ve already discussed the Social Security tax, the individual income tax rates, and briefly touched on estate taxes. Today, we’ll discuss a little more in depth the Medicare Investment Tax. While there are other random things scheduled to happen when Taxageddon comes, this will probably be my ...

Taxageddon 2013–Individual Income Tax Edition

Taxageddon 2013–Individual Income Tax Edition
As I discussed before, tax rates are almost certainly going up starting January 1, 2013. The previous post mostly hit Social Security and Medicare, since anyone with a job has to pay those. On top of that increase comes the expiration of the “Bush” tax cuts, which will only affect those who have taxable income. Let’s talk ...

Foreign Tax–Last Night’s Debate

Foreign Tax–Last Night’s Debate
As I watched—or more like listened while playing dumb flash games—to last night’s schoolyard slugfest, it all sounded  like things I’ve heard before. For some sadistic reason I’m mostly up on both President Obama’s and Governor Romney’s policies and politics. I honestly try to have a fair view of the issues, though I don’t admit ...

Apparently Neither Presidential Candidate Passes Tax Math

Apparently Neither Presidential Candidate Passes Tax Math
A recent BNA article pointed out that for all the flak Gov. Romney has gotten for his tax proposal not being mathematically possible, President Obama’s plan faces a similar shortfall (here’s the link, but I believe it’s subscription only. BNA is an accounting research site). To quote Hank Gutman, a principal at KPMG’s Federal Tax ...

Apparently We All Agree on Tax Cuts

Apparently We All Agree on Tax Cuts
Yesterday, the Democrats released their party platform. Like the Republican platform released last week, it is high on rhetoric and short on details. That’s to be expected—it is politics after all. One line in it, however, caught my eye: “We Democrats support lowering the corporate tax rate…” Haven’t I heard that line before? “…we call ...

We’ll Pay For It With Oil

We'll Pay For It With Oil
Once again we’re after the Oil & Gas Companies. Look, I’m not saying that I have any affinity for these top five gas companies that keep being targeted. Yes, my dad does own stock in Exxon, but that’s just because he worked there for a couple unenjoyable years. Really, these companies are just like any ...

The Effective Rate Debate

I’ve been meaning to write an actual tax blog post for some time, just to try it out. I picked something fun and controversial. Hope you enjoy it. The debt ceiling debate has been about as ubiquitous as car insurance commercials over the past few weeks. Like all good political debates, we’ve had no shortage ...