The 1099 is a form most commonly associated with freelancers and consultants, not businesses and employees, however that could soon all change. With just a few short sentences in the 2010 health care act, the IRS form 1099 just became a whole lot more important. Read more…
Ignoring the fact that a Value Added Tax will allow the government to tax again post-tax savings, there is one more element often overlooked by politicians and economists alike. The VAT will stir vertical integration from top to bottom. Read more…
Banking stocks have been all over the place in recent days as investors find themselves in a toss up of whether or not to own financial shares going into what could be a new tax on the largest banks. In an attempt to recover lost TARP money, the administration is considering a new bank tax on firms with over $50 billion in assets to make up for unreturned bailout funds. Read more…
The Washington Post broke the story that House democrats may soon suggest a new value added tax that would be added on top of goods and services purchased in the United States. Along with an income tax, you’d also pay as much as 20% on top of any products you buy here in the states, a federal sales tax of sorts… Read more…
The American Recovery and Reinvestment Act of 2009 better known as the stimulus bill has a very interesting tax cut that is sure to fire up the real estate market. In the bill as drawn up American’s would receive up to a $15,000 tax credit for buying a home in 2009. I’ve dissected the bill and made it easier to follow than the full amendment. Read more…
