Taxpayers Strategize About How to Avoid $250K Tax Bracket

Obama proposals raise taxes on high incomes
President Barack Obama’s budget proposals have drawn the line: $250,000. Many tax hikes and phased out credits will apply to households with annual incomes that cross that line.
A pretty small group of people fall into this category: incomes so close to $250,000 that they [...]

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Some taxpayers say they will try to hold on to more of their money by making less.
Monday, March 2nd, 2009 by
Elizabeth Fairchild

Obama Proposes Cutting Tax Breaks for Itemized Deductions

Some worry move would hurt charities
President Barack Obama has made several bold proposals in his budget plans. His biggest project is a plan to put $634 billion toward health care reform. It’s a spendy project, and it’s Obama’s job to figure out how to fund it.
Among his budget proposals, he has [...]

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Monday, March 2nd, 2009 by
Belinda Jackson

Update on Obama’s Economic Plan | by Your Payday Loan Source

Your payday loan source keeps you up-to-date on the nation’s financial news.
Obama faces opposition from Senate Democrats
President-elect Barack Obama unveiled his massive economic stimulus plan yesterday, and most of the resistance to the package seems to be coming from inside the Democratic party. In a closed-door meeting with Obama aides [...]

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Friday, January 9th, 2009 by
Elizabeth Fairchild