Again: Tax Cuts: The Faith and the Facts – Eric Alterman - The Huffington Post
If there's one
thing that unites conservative politicians, it's the economic value to all of
society of tax cuts that disproportionately benefit the wealthy, such as those
passed in 2001 and 2003 under President George W. Bush.
Sandy strains budgets, tax bases as towns spend to clean up and rebuild –
Wayne Perry (AP) – Daily Reporter
may have one more nasty surprise still to come: higher taxes.
The math is
simple and cruel. The storm left fewer properties standing, often wrecking
waterfront communities that paid the highest taxes because of the desirability
of living near the water.
Tips for Charitable Giving During the Holidays – William Perez – About.com: Tax Planning U.S.
Giving to charity
can be tax-deductible, and charitable giving can be utilized as part of your
year-end tax planning if you're looking to boost your deductions. Here's some
tips to help you preserve your charitable deductions.
Announces Revised FATCA Implementation Timelines - Lowenstein
Sandler PC – JD Supra
On October 24,
2012, the IRS released Announcement 2012-42 (the “Announcement”), which
modifies several aspects of the proposed regulations issued earlier this year.1
The IRS intends to incorporate the guidance in the Announcement into the final
regulations, which are expected by year-end.
Much Tax Would You Owe On A $550 Million Powerball Jackpot? – Janet Novack – Forbes.com
If you read the
fine print at the Powerball site, you’ll see that you only get the full $550
million million if you’re the only player to match all six balls and you agree
to take the payout in 30 inflation adjusted payments over 29 years. If you’re the sole winner and want all your
money now, you’ll get a $360.2 million payout—which would still qualify as the
largest single lottery payout in U.S. history, since the $656 million Mega
Millions jackpot was split among three winning tickets.