Tax Specialists | InvestmentWatch

Same-Sex Spouses Hit By Tax Inequality

Married same-sex couples can face higher federal tax bills of up to $6,000 because the federal government, due to the Defense of Marriage Act (DOMA), does not recognize their unions, an analysis conducted by tax specialists has found.

Marriage can provide several tax breaks for heterosexual couples but due to DOMA’s restrictions same-sex couples cannot file joint returns. This can have a big impact.

CNNMoney, working with H&R Block, has been crunching the [...]

For several years, all we ever heard about was that BUSH ONLY gave tax breaks to the rich; There was NEVER any mention of any middle income tax cuts.

by theboy

I know, because I banged my head against the wall for what seemed like years explaining all the Bush cuts to naysayers. Then all of sudden Obama admitted there were in fact tax cuts for middle income folks. So did he not know, or is it o.k. to deceive?

My ONLY worry about allowing the tax cuts for the “rich” to sunset is that [...]

InvestmentWatch

Same-Sex Spouses Hit By Tax Inequality

For several years, all we ever heard about was that BUSH ONLY gave tax breaks to the rich; There was NEVER any mention of any middle income tax cuts.

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