Blog Archives

Seven Things Every Taxpayer Should Know

1.  Know Your Tax Bracket This is where every taxpayer needs to start.  What is your tax bracket?  If you don’t know this number, just pull out your tax return from last year.  Look at the taxable income and look


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Don't Look Now…Tax Rates are Headed Up!

The Bush era tax cuts are expiring.  Here are some of the key tax rates for 2010 and 2011: 2010                 2011 Ordinary Income                                   35%                 39.6% Long Term Capital Gains                       15%                 20% Qualifying Dividends                             15%                 39.6% Estate Tax                                              0%                 55% Unless Congress decides


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Why I Asked My Son to Give Me a Power of Attorney

Recently my son turned 18.  In Connecticut this is considered the age of majority.  In other words, he can make his own decisions.  Well, that’s what the law says.  However, he’s still living under my roof, so he’s got to


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$4 Billion in Estate Taxes not Paid…Yet!

Mr. Dan Duncan passed away in March of this year.  It is estimated his net worth was $9 billion, making him one of the top 100 most affluent people in the world.  A self-made man, he amassed his fortune in


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Happy New Tax Year!

The book is closed on 2009.  The year 2010 begins with optimism and too many New Year’s resolutions.  Sales of gym memberships, diet schemes, and how-to-quit-smoking plans peak at this time of year.


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