Tag Archive: tax

Nov 23 2013

Understanding the ‘Kiddie Tax’

For something whose nickname sounds so innocent, the “kiddie tax” certainly can wreak havoc on unprepared taxpayers’ yearly returns. Congress first introduced the kiddie tax as part of the Tax Reform Act of 1986 to discourage wealthy parents from sheltering their investment income in accounts under their children’s names, thereby avoiding paying taxes on the …

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Permanent link to this article: http://www.easttexasreview.com/understanding-the-kiddie-tax-2/

Nov 17 2013

Grand bargain or raw deal? Many elderly

Many elderly Americans are close enough to poverty’s edge that Social Security cuts of any size could push them over the brink.   Following the government shutdown drama, politicians in Washington appear hopelessly divided, according to conventional wisdom. Fair enough. But there’s at least one area where many politicians from both of the major parties …

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Permanent link to this article: http://www.easttexasreview.com/grand-bargain-or-raw-deal-many-elderly/

Nov 14 2013

Kicking off demolition: Transformation to take place

Many people, some living and others dead have waited for a long time to see this day come to Longview-equipping South Longview to become a destination. On Tuesday, Longview Economic Development Corporation (LEDCO) and the City of Longview gathered at the biggest eyesore sight in Longview, the old Holiday Inn on I-20 and Estes Parkway …

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Permanent link to this article: http://www.easttexasreview.com/kicking-off-demolition-transformation-to-take-place/

Nov 02 2013

You won’t love these McSubsidies:Taxpayers will shell out $1.2 billion this year to support workers

    Let us all now bow before the god of free enterprise, whose awesomeness was revealed in a recent news release announcing that the divine managers of fast-food deity McDonald’s achieved a profit of $1.5 billion in just three months this summer. Holy Big Mac! How does Mickey D’s do that? Peek behind the …

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Permanent link to this article: http://www.easttexasreview.com/you-wont-love-these-mcsubsidiestaxpayers-will-shell-out-1-2-billion-this-year-to-support-workers/

Oct 30 2013

Healthcare.gov Glitches are not the biggest problem: Focus needs to be on Texas’ high rate of uninsured and costs to hospitals, privately insured

U.S. Health and Human Services Secretary Kathleen Sebelius testified today before the U.S. House of Representatives Energy & Commerce Committee on the technical problems that have plagued the healthcare.gov open enrollment website since it went online on Oct. 1. While addressing these problems is important, the intense focus on the flawed website distracts from the …

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Permanent link to this article: http://www.easttexasreview.com/healthcare-gov-glitches-are-not-the-biggest-problem-focus-needs-to-be-on-texas-high-rate-of-uninsured-and-costs-to-hospitals-privately-insured/

Oct 29 2013

Tax deduction: moving expenses

Whether you’re relocating across town or across the country, moving is expensive. By the time you’ve paid to have your household goods packed and moved, cancelled and reconnected utilities and racked up storage fees, you could easily be out thousands of dollars. Many people don’t realize that if they’re moving to start a new job, …

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Permanent link to this article: http://www.easttexasreview.com/tax-deduction-moving-expenses/

Oct 20 2013

Health care hypocrisy:Sen. Ted Cruz declined taxpayer-funded coverage because of his wife’s Cadillac policy

And now, Dr. Hightower offers this advice for improving your mental health: Don’t fume about the GOP’s lunatic effort to kill health care reform — just laugh at their farcical show. Take Sen. Ted Cruz’s 21-hour blabathon, in which he said he would stop the Affordable Care Act in its tracks. Not only did the …

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Permanent link to this article: http://www.easttexasreview.com/health-care-hypocrisysen-ted-cruz-declined-taxpayer-funded-coverage-because-of-his-wifes-cadillac-policy/

Oct 09 2013

Lower income? Don’t pass up the saver’s credit

In 2002, Congress passed legislation to create an income tax credit designed to encourage lower- and middle-income people to save money for retirement. The saver’s credit, worth up to $1,000 a year for individuals ($2,000 for couples filing jointly), rewards people for contributing to an IRA or 401(k) plan. benefit from the saver’s credit are …

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Permanent link to this article: http://www.easttexasreview.com/lower-income-dont-pass-up-the-savers-credit/

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