Taxes
Why extending the Bush tax cuts for all Americans is important
It was called the "Economic Growth and Tax Relief Reconciliation Act of 2001". Today, it's known as the Bush Tax Cuts and it's high noon on Capital Hill as discussions about extending those tax cuts continue.
According to Wikipedia, these tax cuts essentially, it lowered the tax rates as follows:
- A new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to
- $12,000, and heads of households up to $10,000.
- the 15% bracket's lower threshold was indexed to the new 10% bracket
- the 28% bracket would be lowered to 25% by 2006.
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Mon, 2010-04-12 11:47 | 
jmrigtrup's blog | 
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Tags: Debt & Credit, Estate Planning, Investment, Retirement, Saving, Taxes
Do stimulus packages do more harm than good?
I found this site the other day www.Stimulus.org which keeps track of all the government stimulus plans and how much has been spent so far. I can't even get my mind around these numbers. I'm not sure they can either as they choose to show the numbers in billions. For example Government Guarantees show $1,809.58 (in billions) which looks much better than $1,809,580,000,000!!!! Our poor children and grandchildren - we need to stop this insanity.
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