Showing posts with label tax deductions. Show all posts
Showing posts with label tax deductions. Show all posts

Caution: New ObamaCare Fees To Be Deployed In 2014

by S.A. Miller and Geoff Earle.       Here comes the ObamaCare tax bill. The cost of President Obama’s massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills. Most insurers aren’t advertising the ObamaCare taxes that are added on to premiums, opting instead to        ... MORE

Ralph R. Reiland: The Cliffs Of 1984

“Slavery Is Freedom” and “Tax Hikes Are Tax Relief.”  So we didn’t go over the fiscal cliff and instead got a deal that delivers no cuts in government spending, raises taxes on “the rich” (the definition of which consistently changes), expands the size and role of government, keeps the red ink flowing at record levels, and provides       ... MORE

Mark J. Perry: The Truth About Those 'Big Oil Subsidies'

A lesson in political double-talk.    Do a Google search for the term “subsidies for oil companies” and you’ll get more than 600,000 results.  Try a search for “subsidies for Big Oil” and you’ll get almost 700,000 results.  The term “tax breaks for Big Oil” has almost half a million results. Then do a Google search for “tax breaks for green energy” and you’ll only   ... MORE

Who Benefits From The Mortgage Interest Deduction?

by Anthony Randazzo & Dean Stansel.    The federal income tax code is riddled with loopholes, deductions, and credits designed to promote various social goals and benefit assorted groups of Americans. One of the largest of these is the mortgage interest deduction (MID), which allowed taxpayers to claim benefits of $82.7 billion in      ... MORE