Archive for Taxes

Are The Rich Paying Their Fair Share in Taxes? See What The IRS Says

Apr 14, 2011 No Comments by Bryan Binkholder

Attached you’ll find a sad but true picture of our current tax system. Based on IRS figures for 2008, the top 10% of all wage earners paid almost 70% of total revenues for the country. The question begs asking. Attacking the rich is a great marketing and political statement but really, shouldn’t we all share [...]

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Taxes Will Have To Rise

Apr 16, 2010 No Comments

Let me preface this by saying I am against all taxes by the Federal Government since our constitution was adamant about State and Local control and taxation.  In fact, the Founding Fathers offered no powers to the Federal Government to tax citizens fearing what they experience in Europe.  The nifty ability to ax on a [...]

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Congressman Ryan on the potential 88% Tax Bracket

Mar 20, 2010 No Comments

Great Clip Courtesy of Three Fingers of Politics…http://threefingersofpolitics.com/ RYAN: Right now we’re at about 24.7 percent off, just doing that off the top of my head. This bill takes us to about … $2.4 trillion over the ten-year window when you really look at its true costs. That’s a big number on top of there. [...]

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Beware of Roth Conversions Video

Mar 18, 2010 No Comments

The talk of 2010 is the ability to convert your Traditional IRA to a Roth IRA and spread the taxes out over a two year period. What are the pro’s and con’s of such a move? Is it right for everyone? Since we all believe taxes will go up in the future, doesn’t it make [...]

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Homebuyer Tax Credit Extended and Increased

Nov 11, 2009 No Comments

The government recently voted overwhelmingly to extend and increase the first time homebuyer tax credit.  The change now allows homeowners who have live in their house for the last five years to purchase a new home and qualify for the credit.  While some have voiced concern over this plan, the effects (trickle down) can be [...]

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