Recent Posts Tagged With 'obama'

• High End Estate Tax Savings Strategies Being Eyed by White House

  Posted on Thursday May 14th, 2009 at 13:16 in obama, IRS, estate tax, gift tax, flp, family limited partnership, grat, grantor retained annuity trust

  A recent Wall Street Journal article, Estate-Tax Strategies Could Survive Curbs, reports that the Obama administration is proposing to curtail the use of two estate planning techniques typically employed by high net worth individuals.  The two techn...

• Quotes of the Month

  Posted on Thursday April 16th, 2009 at 08:39 in obama, quote, income tax

  “We need to simplify a monstrous tax code that is far too complicated for most Americans to understand, but just complicated enough for the insiders who know how to game the system.” – President Barack Obama’s comments in Washington on April ...

• More Quotes

  Posted on Monday March 2nd, 2009 at 13:01 in charity, obama, quote, income tax, tax deductions

  “In these hard economic times, we need to make sure tax and regulatory policy encourages growth in philanthropy,” said Steve Gunderson, chief executive of the Council on Foundations, quoted in a New York Times article, Limiting Deductions on Char...

• Stimulus Bill Extends to Your 529 College Savings Plan

  Posted on Sunday March 1st, 2009 at 18:31 in obama, 529 plan, stimulus bill

  Last month President Obama signed into law the American Recovery and Reinvestment Act.  The Act permits funds from 529 college savings plans to be used to purchase computers and Internet access....

• Obama Tax Proposals a Mixed Bag

  Posted on Saturday February 28th, 2009 at 14:34 in charity, obama, income tax, estate tax, tax deductions

  A recent Forbes.com article provides a breakdown of President Obama’s tax proposals. One element may be devastating for charities.  The proposal would cap the value of deductions for things like charitable donations, mortgage interest and investm...

• Quotable

  Posted on Saturday February 28th, 2009 at 14:04 in obama, quote, income tax

  “He’s being so generous at the lower-income level that making $200,000 is going to be like falling off a cliff.  Say what you want about the Bush tax cuts favoring the rich, but this is just becoming punitive.” - Dustin Stamper, an analyst at ...

• No Surprise – Obama Planning to Block Repeal of Estate Tax

  Posted on Monday January 12th, 2009 at 16:11 in obama, estate tax

  The federal estate tax picture is becoming clearer.  According to The Wall Street Journal, President-elect Barack Obama and congressional leaders are prepared to move quickly to freeze the exemption amount and tax rate at 2009 levels.  The Obama pl...