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

Finding the Hard Truth on Your Federal Tax Burdens

If you are a taxpayer (and barely a majority of working adults are), we are in the midst of a “perfect tax storm.”  First, we have entered the traditional “tax season” where accountants (such as my sister) put in lots of extra hours preparing returns while trying to keep their clients honest.  

We are also in what Mr. ToughMoneyLove would call “stimulus season” where politicians and government economists are falling over each other trying to figure out (and explain to each other) how to use fiscal, monetary, and tax policies to stimulate the economy.

Thus, tax season + stimulus season = perfect tax storm. Read more