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Fiscal Cliff Coverage
With one simple cartoon, the Wall Street Journal, shows exactly how detached they are from the reality of everyday Americans. Look at the faces of the kids in the $650K income household. How will they eat? No more D&G glasses for dad, he will be slumming in Warby Parker’s for the rest of his life…sigh.
Now that the Fiscal Cliff has been averted and tax rates are locked in for 2013, we have some clarity on 2013′s tax brackets. According to the deal there will be 6 brackets. It is important to keep in mind that these are marginal tax rate. If you make $400k, you do not pay a […]
CNN Money couldn’t let the Fiscal Cliff enjoy some well-earned sleep. They already released a list of the next 3 cliffs facing the US. Debt Ceiling – This was mentioned in a post last week, where I touched on the cause and timeline of the debt ceiling negotiation we are facing. President Obama made a statement […]
In honor of the Fiscal Cliff madness in Washington, Tax Policy Center ran the numbers on the cost for different income brackets. This is a fairly progressive tax increase, with higher income people having the largest tax increase.
Compares worldwide corporate tax rates in 1992 to 2012.