Category:
Tax

Calculating tax increase

Americans Brace for Tax Hike if Bush Tax Cuts Expire

By Bill Fay | August 24, 2012

Uncertain economic times may become even more challenging in a matter of months, as millions of Americans could face 2013 riddled with significant tax increases. If changes are not made…

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IRS Relaxes Rules for Tax Debt Settlement

By Bill Fay | August 17, 2012

In response to overwhelming household debt and tax liabilities, the Internal Revenue Service (IRS) recently announced it intends to aid struggling Americans by possibly reducing their tax debt. In May…

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Payroll Tax Cut Set to Expire at the End of 2012

By Bill Fay | August 8, 2012

Millions of Americans may be taking home a few less dollars next year, as a major tax cut may soon disappear. The payroll tax break, first enacted in 2010 by…

The U.S. Capitol Building

Taxes

By Bill Fay | April 10, 2012

Choose Your Debt Amount AVERAGE FEDERAL TAX RATE 0% TAXES COLLECTED BY FEDS IN 2011 $0 Trillion UNPAID TAXES OWED BY AMERICANS $0 Billion Filing Taxes No one enjoys filing…