Posts Tagged ‘economic stimuls’

Is there a Double Standard for Delinquent Taxpayers and Tax Cheats That Favors Powerful Individuals?

Tuesday, April 21st, 2009

A recent Los Angeles Times article examined the resentment that’s brewing among Americans who feel that there is a double standard applied to delinquent taxpayers, which appears to favor powerful people like recent Cabinet nominees.
The most highly criticized nominee has been Treasury Secretary Tim Geithner, who owed $34,000 in back taxes and didn’t pay all of it until Obama nominated him.
His excuse? Geithner told the committee that he prepared his
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How Does the New Economic Stimulus Law Affect Your Tax Bill?

Thursday, February 26th, 2009

The federal economic-stimulus packaged includes tax provisions focused on cutting marginal tax rates and expanding tax incentives.  While the new tax agenda increases taxes on upper-income Americans, it also includes plenty of tax cuts.

To fund deficit-reduction and other federal projects, the new stimulus law would increase a range of taxes - which falls in line with President Obama’s pledge to cut taxes for the middle class while allowing tax cuts
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