Category Archives: Tax

Jobs Bill –

Posted on 13. June 2010 by Jim Sutliff

The administration is pushing for a jobs bill which will require almost $50 billion dollars.  Increased taxes on buyout funds managers and an increased levy on oil companies are part of the plan.  To read a related Bloomberg article, please … Continue reading →

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Real Clear Politics –

Posted on 10. June 2010 by Jim Sutliff

 Real Clear Politics has news, analysis and opinions about politics and world events.  RCP is a great recource for information on politics and elections.  Real Clear Politics has an Election 2010 breakdown which offers multiple polls on several key races.  … Continue reading →

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California Dreaming –

Posted on 9. June 2010 by Jim Sutliff

Meg Whitman wins the Republican Gubernatorial nomination in Califonia.  Whitman is the former CEO of eBay and will face Jerry Brown in the general election in November.  This is expected to be one of the highest spending campaigns for Governor in … Continue reading →

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Fund Manager Tax Hike Lowered –

Posted on 8. June 2010 by Jim Sutliff

It is expected that the Senate will lower the House tax increase on fund managers.  The increase will still be substantial with assets held longer than seven years being taxed at 33% and shorter than that taxed at 31%.  Carried interest … Continue reading →

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Laffer: 2011 Economic Collapse –

Posted on 7. June 2010 by Jim Sutliff

In a Wall Street Journal opinion article, economist Arthur Laffer discusses the tax hikes and the effect that they will have on our economy.  Laffer illustrates how tax rates alter the timing of corporate profits and uses historical comparisons in his … Continue reading →

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Debt Super Cycle –

Posted on 6. June 2010 by Jim Sutliff

A recent Bloomberg Chart of the Day highlights a Debt Super Cycle that our economy is about to enter in the near future.  The amount owed on our national debt will be greater than our 2012 GDP.  One economist noted … Continue reading →

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Gulf Oil Leak –

Posted on 2. June 2010 by Jim Sutliff

The Gulf oil spill has led to discussions on relating to the rolling back of tax breaks for oil companies.  The well is estimated to be leaking between 12,000 and 15,000 barrels a day.  There is more than enough blame … Continue reading →

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Call Center Tax –

Posted on 1. June 2010 by Jim Sutliff

New York Democrat Charles Schumer is proposing legislation that would put a .25 cent excise tax on call center calls that are relayed to outside countries.  There would also have to be notification to the caller of the country that there call will … Continue reading →

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Carried Interest –

Posted on 15. May 2010 by Jim Sutliff

Five Senators are attempting to have venture capital managers exempt from a tax increase that would effect carried interest.  Carried interest has been treated as long term capital gains which is a significantly lower tax rate.  The Senators cited the … Continue reading →

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Insurance Tax Break –

Posted on 13. May 2010 by Jim Sutliff

Bloomberg reports that parents who add children under 26 to their employer provided health insurance can get get a tax break.  It is reported that the regulations allow for a deduction for the cost of insurance if the premium is … Continue reading →

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Health Law Penalty

Posted on 24. April 2010 by Jim Sutliff

The Washington Times reports that 3 million Americans may be required to pay a penalty because of the new healthcare law.  Other sources indicate that the number is actually higher than 3 million.  The Congressional Budget office analysis estimates that … Continue reading →

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New Jersey Tax Decision –

Posted on 8. April 2010 by Jim Sutliff

Forbes discusses a major ruling in a New Jersey Tax Court opinion regarding a telecommuter. To read the article, please click here: http://www.forbes.com/2010/03/30/state-corporate-tax-telecommuters-amazon-personal-finance-new-jersey-tax-grab.html Jim Sutliff

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