Category Archives: Stimulus Bill

Mitt Romney and The Debt Ceiling Deal

COLUMBUS GROVE, OH – AUGUST 25: Republican vice presidential candidate U.S. Rep. Paul Ryan (R-WI) speaks to supporters on August 25, 2012 in Columbus Grove, Ohio. Ryan and presumptive Republican presidential nominee, former Massachusetts Governor Mitt Romney, are campaigning together leading up to the Republican National Convention beginning August 27 in Tampa, Florida. (Image credit: Getty Images via @daylife)

The Debt Ceiling Deal

On Sunday September 9th 2012, presidential nominee Mitt Romney denounced the debt ceiling deal that helped to avert an overwhelming government debt default in the US. This despite the fact that one of the deals supporters is … Read more at 2011 Taxes.

New Jersey Residents Look For Lower Tax Assessments

The Sfarras in Teaneck disputed the tax assessment on their home last year, which helped the value fall by almost 12%. This let them save almost a grand a year in property taxes. Dorthy Monooopli also did something similar, reducing the value on her home by 30k.

These are only a few of the people who are trying to get lower tax assessments due to the falling prices of real estate over the last few years. As the filing date for tax appeals gets closer, many people are trying to file the proper documents.

William Dressel, in charge of … Read more at 2011 Taxes.

A Recent Poll Shows Popularity Of The Millionare Tax

Most people agree with President Obama’s plan to require millionaires to put a significant amount of their income toward their 2012 taxes. However, the same people would prefer to see a cut in spending rather than a millionaire tax to help balance the federal budget. These results come from an Associated Press-GfK Poll.

The survey shows that Obama’s millionaire tax plan has a lot of support. However, his plan has not changed people’s opinions on how to bring down the budget deficit. United States deficits have been larger than $1 trillion dollars a year. Sixty-five percent of the people … Read more at 2011 Taxes.

Obama’s Tax Reform Plan Brings Out The Skeptics

Timothy Geithner, Treasury Secretary, outlined The Obama tax reform proposal to overhaul taxes on business as well as eliminating a few dozen loopholes for the 2012 Taxes. The plan is to bring the corporate tax rate down to the 28 percentile. As Obama revealed his plan, some of his critics do not believe that the cuts are not significant enough to be effective.

The proposal includes a minimum tax on foreign money earnings, though there were no details offered on how the plan would play out.

Geithner said in an interview that they wanted to restore the concept and … Read more at 2011 Taxes.