By: Lew Sichelman Tax Planning Views: 3227 | Comments: 0 | Votes: 0
Taxpayers are due a onetime federal excise tax refund credit of $30 to $60 – or possibly even more – on their 2006 federal returns, according to the Internal Revenue Service. The refund is intended to compensate people who have been charged an excise tax on their phone bills. But when they went to flat-fee phone services, they continued to levy the tax. More
By: Dr. Tucker Hart Adams Personal Finance Views: 2411 | Comments: 0 | Votes: 0
“Using Law and Economics in the same sentence is an oxymoron,” the hard scientist will snicker. Economics is one of the soft sciences, driven by human behavior, which is unpredictable at best. And yet there are economic laws, just as there are laws of physics. You may be able to walk on the ceiling in the carnival fun house, but ultimately the Law of Gravity prevails. 1. 2. 3. 4. More
By: Stephen L. Nelson, CPA Retirement Planning Views: 6600 | Comments: 0 | Votes: 0
I've been thinking about those regular benefit statements we all get from Social Security. You know the ones I mean. They report on your lifetime earnings. And then they also say that about the year 2038, the system will have to cut benefits by 27% to stay solvent. The Problem A benefit cut sucks, of course. Yikes. Sound crazy? Maybe it is. Seattle accountant Stephen L. More
