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Tag: Tax Reform

Money Money Money

Give Me My Money!

It's tax time again and this year your state refund check may take longer than usual . Because of state budgets crunches, many states are not immediately sending tax return checks out.  So even if you were good this year and did your taxes early, you still might not see that return for awhile.  How long?  Hawaii, for example, has said it might take up to five months to get returns out. [USA Today]

Posted 4:06 PM | Friday, March 12th, 2010 | Permalink

Tags: tax reform

Right Wing Wackiness
Representative Paul Ryan

Representative Paul Ryan

Quote of the Day

"It’s difficult to design a tax plan that will lose $2 trillion over a decade even while requiring 90 percent of taxpayers to pay more. But Congressman Ryan has met that daunting challenge".--Citizens for Tax Justice report. [The Atlantic]  Ed note: the rich would overwhelmingly benefit from Ryan’s tax cuts. By 2014 people making in excess of $1 million-a-year would enjoy an average tax cut of more than $600,000. To put it another way, their after-tax income would rise by nearly 30 percent.

Posted 10:45 AM | Thursday, March 11th, 2010 | Permalink

Tags: republican, tax reform

Right Wing Wackiness

Budget Roadmap to Nowhere

So, as for that Republican “budget roadmap...” As it turns out, not only does it call for sharp cuts in Social Security, Medicare, Medicaid, defense, and all other government programs combined with privatization of Medicare so that a larger share of your diminished benefit goes to for-profit insurance companies, apparently when the Center for Tax Justice (PDF) ran the numbers, they discovered that most Americans will pay higher taxes under Ryan’s plan than under Obama’s. Only the very richest will pay less. [Yglesias]

Posted 3:56 PM | Wednesday, March 10th, 2010 | Permalink

Tags: budget, republican, tax reform

Money Money Money
Money pile

Source: flickr/Tracey O

Billions Unclaimed

Were you one of the 1.4 million people who didn’t file a tax return in 2006? Then, the IRS may owe you money. According to a new report, the IRS says it has more than $1.3 billion in refunds for 1.4 million people who didn't file a 2006 return. The money will become the property of the U.S. Treasury if those due money don’t file a claim by April 15. [CNN]

Posted 1:02 PM | Wednesday, March 10th, 2010 | Permalink

Tags: money, tax reform

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