Washington's obsession with tax cuts and deficit reduction is distracting the American people from the slow dismantling of the social contract, and its devastating impact -- financial and otherwise -- on all but the wealthiest among us.
Every year, the Federal Trade Commission, or FTC, negotiates hundreds of millions of dollars in deals with corporations to settle allegations of criminal wrongdoing. However, the FTC has ended up allowing bad actors to claim massive tax deductions for their wrongdoing.
The most important take-away is that your health care is now tied to your taxes and the more you know and understand the better the decisions are that you make.
This budget seems a little like the calm before the pension storm. Unless the state acts, and acts soon, the "pension bomb" explodes next year.
For years the creeping erosion of American hegemony has been evident, from the offshoring of manufacturing jobs which ultimately led to the demise of the middle class, to the defunding of our education system which could only lead to the dumbing down of the population.
Obsolete and entangling alliances have indeed kept the United States "in" these regions with a significant military presence long after the Cold War ended.
Leaders like La Guardia smashed slot machines because slot machines take money from the vulnerable and poor and deliver a large portion of the take to politicians.
October is a time we give additional visibility to the disease and those affected by it. But, what does any of this have to do with taxes? This is, after all my tax blog. So, let me tell you.
The problem is that the Democrats still seem to accept the Republicans' parameters for the budget debate. The implication is that current deficits are a serious problem.
Tax time may not be right around the corner, but the last quarter of the year is here, so it's time to get in gear to maximize the potential for tax deductions as the year draws to a close.
There is rottenness at the core of our banking and political system, which relies entirely on the money of others -- taxpayers, pensioners, those who pay insurance and, most disturbingly, future American earnings -- to create short-term, private-sector income around housing and finance. With these profits, the banking system deals in politicians by offering political bulletproofing in the form of low-cost financing for housing using -- you guessed it -- other people's money. Until we deal with this problem, which is deeply entrenched in our election finance system, our government will continue to borrow and tax us to serve its short-term interests even as our lives become more expensive and offer less in return.
Can we tax better, could we -- if we wanted to -- raise more revenue, and how does fairness come into it?
If you do not have health insure during 2014, even for a part of the year, you may owe an individual shared responsibility payment or what will otherwise be felt as a penalty.
The weaknesses in the analogy between government and household finances are too often lost yet this misleading analogy persists, creating confusion, prompting poor decisions and is some of the stimulant underneath the Congressional behavior we see today.
The reason that many people might be sympathetic to shutting down the govPolls consistently show that people grossly overestimate the amount of money going to many less popular categories of spending. This is where the New York Times comes into the picture.
House Republicans have said they just want a "little something" from the Democrats in order to sign a clean debt limit bill. They want some kind of sp...