What’s the scoop on the state of the Bush tax cuts?

Word on the street is that the Bush tax cuts, which were infamous for their effect on the pocketbooks of the wealthy, will be coming to an end as of next year.

Yes. The word is that President Barack Obama is hoping to let these tax cuts fade away into oblivion.

Well, before we let the talking heads on CNN, MSNBC and FOX tell us what to believe, we should have some idea of what exactly this means. If things go as the Obama Administration anticipates, the tax cuts for those making $250,000 and more will lapse.  Read more... (390 words, estimated 1:34 mins reading time)

How do the new healthcare laws affect small businesses? If you’re an entreprenneur, you might want to sit up and listen, although many of these changes to federal income tax law might not take effect until a much later date.

The Obama Administration is tying to make it easier for small businesses to afford healthcare. While I could discuss the new healthcare laws in general, it’s a huge topic and it goes well beyond the scope of this blog, which essentially deals only with issues of personal finance and small business issues.  Read more... (356 words, estimated 1:25 mins reading time)