It is time to level the playing field. The oil and gas industry has received tax subsidies for decades. Taxpayers "gift" the industry billions every year, why? Why does an industry that makes trillions need billion in tax welfare?
The Ryan report grimly concludes that federal programs are "failing to address" poverty. Poverty certainly remains too high. But the report seems determined not to recognize the long-term successes of existing programs even when the evidence is in plain sight.
Astonishingly, the Republicans have simply taken the provisions of Obamacare and made them temporary -- and called it "reform"! We'll give you fair prices, but only for a little while. We'll require you to sign up for insurance, but only until you back out.
"The cyber threat reaches far beyond Al Qaeda, and includes various criminal enterprises and adversarial nation states. As the sophistication of the threats grows, we must be able to continually counteract them."
In an effort to cynically score political points, the Republicans have taken up the cause of people who have received health insurance "cancellation" notices. The problem is that the Republicans aren't helping these people, they are exploiting them.
There is no more noble a contribution to society than participation in the service of the defense, perpetuation and safety of this country. The tax benefits that are in the law are yours and you have earned them. It is the least the country can do to thank you for your service.
The money you get when coming into sudden wealth, whether through a lawsuit settlement, business sale, entertainment or sports contract, or stock options, can disappear in a hurry if you don't manage federal and state income taxes correctly.
The more I hang around the DC tax debate, the more I'm exposed to deeply misguided thinking that seems largely motivated by the conviction that poor people -- in this case, the working poor -- have too much money and the wealthy have too little.
It's summertime, and taxes might not be foremost on your mind. However, there are some uncommon tax credits and deductions that can help families save. Did you know the price of summer camp is a potential tax credit?
These tax rules may not make you whole again and certainly cannot replace precious sentimental items or life lost, but they can lighten your taxes and may even put more money in your pocket -- when you need it most.
The adoption process is complicated but once completed is very rewarding. The tax rules can be viewed the same: very complicated but at the end of the day with tax credits and possibly employer assistance, can be very financially rewarding.
The enactment of this tax credit bill is a win for farmers who donate to food banks, it's a win for our neighbors who struggle to put food on the table, and it's a win for the Commonwealth in terms of reduced long-term costs associated with a healthy, well-fed population.
Amending a tax return can be very complex. There are many considerations, from determining what is incorrect and what the correct information should be, to knowing what forms to attach, to making sure the state return is amended correctly and timely.
Come January 2014, comprehensive, affordable health coverage will finally become a reality for millions of Americans, and the tax-credit subsidies will be a health care game changer. States must work to inform their residents of this opportunity for assistance.
While April 15 is commonly accepted at "tax day," for many taxpayers and especially small business owners, freelancers and self-employed professionals, there are other important "tax days" to keep in mind.