Category Archives: Taxes

Summary of Tax Changes for 2011

Summary of Tax Changes for 2011

The end of the 2010 marked the sunset of certain tax cuts found in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA ) commonly referred to as the Bush Tax Cuts.   Well, last week was as crazy of a week… Continue Reading

What is a Sin Tax?

What is a Sin Tax?

I generally have a problem with most so called sin taxes.  I think my main problem with sin taxes have to do with politicians purporting them to be anything other than a way to raise money. What are Sin Taxes? Sin taxes can be defined as A state-sponsored tax that is added to products or… Continue Reading

Don’t Forget to File your State Income Tax Extension

Filing your Federal Income Tax Extension is easy and should be free, but I haven’t seen much about filing your state income tax extension, or if there are other state forms you may need.  So I researched where to find each State’s tax forms. Where to go for Each State’s Income Tax Extension Form? While most States… Continue Reading

Proof You can only Push High Net Worth and High Income Individuals So Far!

Proof You can only Push High Net Worth and High Income Individuals So Far!

One of my favorite sites, The Tax Foundation, had a phenomenal couple posts about Maryland’s so-called Millionaire Tax.  The two main posts are, Maryland’s Millionaires Missing After Tax Hike and Maryland’s Lawmaker Proposes making Millionaires’ Tax Permanent.  Maryland, like many other States out there are hurting for cash, so what else can a state to… Continue Reading