Tag Archives: Bush tax cuts

Learn About The Buffett Rule

Learn About The Buffett Rule

Watch out for debate misdirection when it comes to taxes. Dr. Cornwall wants everyone to know that there will never be a tax increase on the extremely wealthy population (The Buffett Rule) that will put the tiniest dent in the tax shortfall of the United States.

So why is everyone so focused on the debate about making those who bring home over $250,000 a year pay more in taxes?

The answer is the Buffet Rule by President Obama. This Buffett Rule raises the taxes on a group of extremely wealthy people, but we … Read more at 2011 Taxes.

2012 Taxes And The Proposed 2013 Budget

Obama’s 2013 Budget Estimates and Tax Changes

President Obama has plans to make changes in the tax code to raise funds for his 2013 budget to jump start the U.S. hiring.

His proposals are only a wish list to congress, which is not required to act on any of them. However, some of these proposals have already been acted on in the recent years.

The United States Tax code, which hasn’t been overhauled in a quarter century, is riddled with special deductions that favor select groups. While major changes in the tax code during an election year is unlikely, analysts … Read more at 2011 Taxes.

Republicans Or Taxes: Which One Will Budge?

Will Republicans ever give us some breathing room on 2011 taxes?

The White House is desperately trying to persuade liberals that the debt ceiling deal is getting a horrible reputation under false pretenses.  This is quite understandable because there are always two sides to a coin, so to speak.  As a matter of fact, upon closer inspection of this deal, there may be some favorable attributes associated with it.

In general, there is a commission of twelve “Super Congress” members – a total of 3 from each respective chamber and party.  The liberals are addicted to criticizing their purpose … Read more at 2011 Taxes.