Tag Archives: Washington

Should they Abandon the Alternative Minimum Tax?

The AMT or Alternative Minimum Tax is that rare thing – a part of the tax code that most people agree on irrespective of their ideological or political leanings. It was originally established in order to make certain that the richest citizens in the US were going to be made to pay their own fair share of the national tax revenues, but most people now think that it is unfair it has not been adjusted along with inflation which in effect means that an ever growing percentage of not quite as wealthy Americans are falling within its remit and finding … Read the rest

Why Natural Gas And Ethanol Shouldn’t Be Eligible For Subsidies

Washington’s most recent energy subsidy debates are focused on tax credits for industries involving natural gas and ethanol. The credit will expire at the end of this year, still the Senate voted to remove the subsidy. Thus the opposition to the $6 billion tax credit is increasing on a national level. Some Members of Congress have removed their names from the list of co-sponsors of the bill. In spite of this, bipartisan support is focused on extending the subsidies for the use of natural gas vehicles.

To see why none of these two industries deserve subsidies we can look at … Read the rest

Self Employment Means More Taxes

Everyone now days wants to make money from home so they can spend more time with their kids. It seems the Internet is on everyone’s mind as the best way to accomplish that and it is indeed probably the best way. However, have you ever considered what it might mean for you tax wise if you are successful in starting your own home business?

Most people who start out to make some extra money online only make small amounts by maybe going to one of the surveys for money websites. They make $50 to $100 or less and then give … Read the rest

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