the fiscal cliff

How We Averted the Fiscal Cliff: As a CPA, People Might Expect You To Know This Crap

I don’t care if you’re a Republican or a Democrat; you’re an accountant, and the avert-the-fiscal-cliff legislation that the federal government crapped out at the last minute hooks you up. Sure, you’re going to pay more in taxes, but Congress was actually able to bang out some long-term solutions to the expiring tax cuts which is going to make your life easier1.

Chuck Schumer Has Been Waiting Out This Bad Marriage a While

As more and more Republican lawmakers say they are willing to break the Taxpayer Protection Pledge, Chuckles can't help but think that the time has come: “For three decades a right-wing lobbyist has exercised a stranglehold on Republican lawmakers,” Schumer said on the floor Tuesday. “Today one Republican after another have been rebuking this lobbyist. […]

The Fiscal Cliff: As a CPA, People Expect You to Know this Crap

You spent five (or more) years studying to be an accountant, passed the hardest professional licensure exam that exists, and people expect you to know some shit about taxes. They don't care that you're "an auditor" because they don't know what that means. Now when you go to parties, somebody will be like, "Hey, Mark, […]

Chuck Schumer Won’t Have Any of This Tax Cuts for the Wealthy Talk

Sen. Charles Schumer (D-N.Y.) noted that many of the reform plans that are under discussion in Washington would cut tax rates for everyone by eliminating or reducing deductions — the same model that was used during the last major rewrite of the tax code in 1986.  “But in the upcoming talks on the fiscal cliff, […]

Here’s What the Fiscal Cliff Looks Like

The Tax Policy Center released a new paper today that should be sufficient for scaring the living daylights out of anyone that doesn't like the idea of taxes going up. The paper's abstract states: Almost 90 percent of Americans would see their taxes rise if we topple off the cliff. For most households, the two biggest […]