The American Taxpayer Relief Act of 2012 extended the Bush era tax rates for most taxpayers and extended many expiring tax provisions for another year. However, it did make some permanent revisions that provide at least some clarity for future planning. One must always keep the national congressional idea of “permanent” in mind though (everything […]

The news media has been reporting some of the discussions between the two major political parties in the “reduce spending/raise taxes” debates –especially as they relate to “entitlement” reforms such as Social Security. One of the items being mentioned by the presidential administration is a change in the method of calculating cost of living adjustment […]