Income Earners

How Washington, D.C. and the Banking Industry is Killing the Housing Market, Part I

By Candy Evans / September 19, 2011 /

President Obama has this great idea to tax millionaires — his “Buffet/Buffett tax” — that is, getting those who actually earn $1,000,000 a year or more, not the poor strapped $100,000 middle or upper or whatever middle class you call them. Of course, the rich can afford fancier attorneys and CPA’s to toodle around income streams,…

51% of Americans Pay Zero Income Tax: Get Ready for DC to Target the Home Mortgage Deduction

By Candy Evans / July 13, 2011 /

Texas Senator John Cornyn is aflutter over this factoid: 52% of Americans pay zero income tax, he says? Say what? That’s way higher than I would ever dream! The Joint Committee on Taxation, which scores the cost of tax legislation for Congress, pointed this out in a recent report. The committee’s report further showed: While 22…