Monthly Archives: October 2011

2012 Social Security Increase

Social Security benefits to go up 3.6% in 2012 Social Security payments will rise 3.6% in January, the first cost-of-living adjustment in three years. However, an expected increase in Medicare Part B premiums is expected to cancel out at least … Continue reading

Posted in General, Income Tax, Newsletter Topics, Retirement Accounts | 410 Comments

IRS 2009 Statistics

IRS statistics now available for 2009 tax returns. The highest earning 1% of all U.S. individual taxpayers paid 36.7% of all federal income taxes. The highest earning 5% paid 58.7%. The bottom 50% paid only 2.25% of total federal income … Continue reading

Posted in General, Income Tax, International Taxation, LLC's, Newsletter Topics, Retirement Accounts, Sub S Corporations | 394 Comments