IDEAS FOR TAXING THE RICH

Ideas for taxing the rich. It’s no accident that the Democratic Party went from wanting a 39.6 percent top tax rate to wanting much more. The 1990’s Democratic Party made friends with the rich. The 2008 Democratic Party was eager to bail them out. The 2019 Democratic Party seems ready to declare war. In just […]

MANY AMERICANS WILL OWE TAXES IN APRIL

Many americans will owe taxes in april. That may come as a shock after passage of the Tax Cuts and Jobs Act, but the truth is that the bill President Trump and the Congress passed is turning out to be a case by case basis, for many people. Even though the majority will get a […]

TAX SMART MOVE FOR 70 YEAR OLDS

Tax smart move for 70 year olds. Those who have reached the age of 70 and a half. You can make donations to an IRS approved charity out of your IRA. These so called qualified charitable contributions (CQDs) are not a permanent feature of the tax law–unless Congress changes its mind. To take maximum advantage […]