There is more and more information coming to light about the ways in which our taxes will increase beginning January 1st. Some apply to all of us and some to fewer but we need to be aware and prepare. January 1st will mark the biggest tax increase in history. The child care tax credit will be cut in half. Under Obama Care if you have a Health Savings Account you will no longer be able to purchase over the counter...
Yep, we are going to have a power outage tomorrow so the electric company can put in a new transformer. I was asked the other day for unusual recipes to use food storage items. They weren’t meaning beans either…I love these recipes as they are for comfort foods but can be made without eggs during a time when it may not be possible to go to the store and purchase them. When the power comes back...
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The nation’s debt leapt $166 billion in a single day, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. Last week a financial reform bill was passed that was 2000 pages long and the lawmakers do seem to know exactly what is in it.
The one-day increase for June 30 totaled $165,931,038,264.30 –...
The Bush tax cuts are set to expire at the end of the year. We have all heard that but exactly what does that mean? The current tax rates are 10% for the lowest income earners to 35% for the highest. They will increase to 15% for the lowest and 39.6% for those making the most. The rate on long term investments will go from 15% to 20%. Rates on dividends will go up to 39%. The marriage penalty will return so if...