The fiscal cliff deal contains more bad news than it does good news. Yes, the tax increases on the middle class could have been much worse, and we should be thankful that Congress at least did something for the middle class. Unfortunately, they didn’t do enough. Every American worker is going to pay higher taxes [...]
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The Good, The Bad And The Ugly From The Fiscal Cliff Deal
Tagged with: All Of This Debt, America, Blind, Debt, Finances, Fiscal Cliff, Government Debt, Higher Taxes, Middle Class, National Debt, Tax, Tax Increase, Tax Increases, Taxes, The Debt, The U.S. National Debt, This Debt
Posted in Michael Snyder
Posted in Michael Snyder
Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds
The middle class has quite a gift welcoming them as the calendar flips over to 2013. Their payroll taxes are going to go up, their income taxes are going to go up, and approximately 28 million households are going to be hit with a huge, unexpected AMT tax bill on their 2012 earnings. So happy [...]
Tagged with: AMT Tax, Decline, Fiscal Cliff, Gift, Income Taxes, Middle Class, Paychecks, Payroll Taxes, Tax, Tax Bill, Tax Bills, Tax Hikes, Tax Increases, Taxes, Taxpayers
Posted in Michael Snyder
Posted in Michael Snyder
Will The Wealthy Race To Dump Stocks And Other Financial Assets Before The Fiscal Cliff Kicks In?
The election results made it abundantly clear that taxes are going to be going up, and right now a lot of wealthy people all over America are trying to figure out how to best position themselves for the hit that is coming. There are a whole host of tax cuts that are set to expire [...]
Tagged with: Dump Stocks, Financial, Financial Assets, Financial Markets, Fiscal Cliff, S&P 500, Sell Off, Stocks, Tax, Tax Cuts, Tax Increases, Tax Treatment, Taxes, The Wealthy, Wealthy, Wealthy People
Posted in Michael Snyder
Posted in Michael Snyder
- Energy – Balancing the Bonanza: Interview with Mark Thoma
- New Wyoming Lithium Deposit Could Meet all U.S. Demand
- Fractured US Intelligence Rules out Greater Cooperation with Russia
- UK Ministry of Defense Deems Wind Towers a National Security Threat
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- Ahmadinejad and the Resurrection of Hugo Chavez
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- Two Quotes from Mark Jaccard: 2013 vs 2011
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If You Live In California Things Just Got A Whole Lot Worse
Why does the state of California seem to be so incredibly hopeless? These days California can’t seem to do anything right, and if you live in California things just got a whole lot worse. Governor Brown has announced that the state budget deficit for this year is going to be much larger than projected, that [...]
Posted in Michael Snyder