Actually, they’re not. The Congressional Budget Office recently released a report showing the distribution of income in 2010. It takes a couple of years to compile all the data so more recent tax years are not yet available. The overall trend of tax rates is downward, contrary to what you might be hearing elsewhere. The… Continue reading
Posts Tagged → tax rate
Geithner says Tax Rates must go Up
Secretary Geithner made the rounds on the Sunday morning shows attempting to rally support for President Obama’s plan to avoid the fiscal cliff. This plan includes, among other things, increasing taxes and reducing President Bush’s tax cuts on those making more than $250,000 per year. Here’s what Secretary Geithner said on CNN’s State of the… Continue reading
2013 Estate Tax
There are many issues presently facing the American people. Jobless rates not declining as much as we’d like; the economy taking longer to improve than we’d all prefer; the fiscal cliff. But, what many people have overlooked is the imminent changes in the estate and gift tax laws set to take effect January 1, 2013…. Continue reading