Where Your Taxes are Going

The pleasure of finalizing the disgorgement of our tax dollars to the federal beast has come and gone. I think now it would be fun yet painful to look at some federal income tax data courtesy of the Congressional Budget Office. Read more

Income Re-Distribution Features of the 2009 Stimulus Plan

The AMERICAN RECOVERY AND REINVESTMENT TAX ACT OF 2009 (a/k/a Obama stimulus plan) includes some new features by which income earned by some taxpayers will be re-distributed in the form of tax credits.  The income being re-distributed will go to other taxpayers and, in many cases, to individuals who are not taxpayers at all but merely tax return filers.

Here is a list of some of these credits, as identified in reports prepared by the Congressional Joint Committee on Taxation: Read more