Taxes are often an hot issue during an election. The 2012 presidential election is not any different than other election seasons. But no candidate has come under fire for his tax return more than Mitt Romney. Up until recently, he was pretty coy on the subject. He did promise to release his tax returns if he became the Republican nominee, and though he hasn’t secured the Republican nomination, he has released his tax returns for 2010, along with his estimates for 2011.
If you want to put your accounting 101 classes to good use, feel free to go through … Read more at 2010 Tax.
How will the healthcare ruling by the Supreme Court affect taxes?
The individual mandate is not the only thing about the Affordable Care Act. There are tax changes to consider. Because of the three day hearing about the ACA, here at TaxVox, I believe it is time to ponder some of the revenue provisions.
Provisions in the law allow for tax cuts as well as increases. Unless the whole thing is thrown out, these tax changes would likely remain.
If it can be considered a tax at all, the only one would be the mandate penalty for not purchasing insurance. … Read more at 2010 Tax.
Budgets are wonderful, and I love them. I love all of the charts, the graphs, the tables and appendixes. Budgets are so fantastic because they make us take a hard, serious look at numbers. We are forced to make priorities, and we are challenged to make tradeoffs on what we can do without, and what we truly need. The budget is the proof in the pudding, and it is what forces the government to be brutally honest with itself, and the American people. With people preparing their 2012 taxes, a short look at some of the differences between President Obama’s … Read more at 2010 Tax.