Budget Deficit Could Stop President Trump Tax Plan

Budget Deficit Could Stop President Trump Tax Plan

The U.S. budget deficit could obstruct the President Trump tax plan. Remember, the President Trump tax plan is one that calls for major tax cuts plan. The U.S. budget deficit is proving to be a major obstacle to the tax reform plan being offered by President Donald...
Middle Class F*%#ed Again

Middle Class F*%#ed Again

The middle class is about to get screwed again. Democrat or Republican, it doesn’t matter anymore. The people get shafted. We learned that U.S. Treasury Secretary Steven Mnuchin Today just said one of the top goals of the Trump administration’s tax plan is to...
What is the Alternative Minimum Tax?

What is the Alternative Minimum Tax?

What is the Alternative Minimum Tax? Well, the alternative minimum tax, commonly referred to as the AMT, has its own set of rates (26% and 28%) and requires a separate computation that could substantially boost your tax bill. Basically, it’s the difference...