Tag Archive: income

Jul 25 2013

A big season for falling stars: Paula Deen and Aaron Hernandez are suffering fates of their own making.

Reversals of fortune can be breathtaking. One minute, people are riding high, surfing the wave of life. The next, they tip over like capsized canoes. Take Paula Deen. This Typhoid Mary of the obesity epidemic made untold fortunes in becoming the unchallenged champion of southern cooking. Her television shows, books, and restaurants were dedicated to …

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Permanent link to this article: http://www.easttexasreview.com/a-big-season-for-falling-stars-paula-deen-and-aaron-hernandez-are-suffering-fates-of-their-own-making/

Jul 24 2013

Lone Star State: Tax breaks for job hunters

Summertime is the season that often leads to major life decisions, such as buying a home, moving or a job change. If you are looking for a new job that is in the same line of work, you may be able to deduct some of your job hunting expenses on your federal income tax return. …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-tax-breaks-for-job-hunters/

May 06 2013

Escape tax surprises

Many taxpayers have more taxes withheld from their pay than necessary. You should try to have your income tax withholding match your actual tax liability, especially if you normally get a large refund and you would like more money in your paycheck. If not enough tax is withheld, you will owe tax at the end …

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Permanent link to this article: http://www.easttexasreview.com/escape-tax-surprises/

Jul 31 2012

Is the IRS' 'marriage penalty' real?

By Jason Alderman If your spouse-to-be is considering postponing the wedding because of fears about the so-called “marriage penalty,” you two probably have bigger issues than whether you’ll have to pay higher taxes as a married couple than when you were single. Having said that, marriage does indeed have many financial ramifications – both good …

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Permanent link to this article: http://www.easttexasreview.com/is-the-irs-marriage-penalty-real/

Jul 30 2012

Marching towards greater inequality

The world’s super rich, according to a new report, are squirreling away phenomenal quantities of their cash in secret tax havens. By Sam Pizzigati Are America’s rich getting richer? Certainly. Every official yardstick shows that America’s most affluent are upping their incomes much faster than everyone else. How fast? Between 1980 and 2010, note economists …

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Permanent link to this article: http://www.easttexasreview.com/marching-towards-greater-inequality/

May 29 2012

Social Security’s dual-income trap

Families with two breadwinners can end up paying more than twice as much in Social Security taxes as families with just one income. By Salvatore Babones U.S. workers have paid a reduced Social Security tax rate of 4.2 percent for the past year and a half, down from the ordinary rate of 6.2 percent. For …

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Permanent link to this article: http://www.easttexasreview.com/social-securitys-dual-income-trap/

May 28 2012

Law is lucrative

Scales of Justice

By Jimmy Isaac In an area where per capita income lags behind most other cities, Longview attorneys are among the highest paid in the nation, a new report shows. The Longview metropolitan statistical area’s 180 lawyers made an average of $153,870 in 2011, according to the U.S. Bureau of Labor Statistics. The Longview area ranked …

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Permanent link to this article: http://www.easttexasreview.com/law-is-lucrative/

Apr 24 2012

Projected Trust Fund Exhaustion

By Phyllis Dillis The Social Security Board of Trustees today released its annual report on the financial health of the Social Security Trust Funds.  The combined assets of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be exhausted in 2033, three years sooner than projected last year.  The DI Trust Fund …

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Permanent link to this article: http://www.easttexasreview.com/projected-trust-fund-exhaustion/

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