Saturday, January 25, 2014

Affordable Care Act Facts: ObamaCare Information

The most important Affordable Care Act (ACA) tax provision for individuals and families is the premium tax credit. Individuals without coverage and those who don’t maintain coverage throughout the 2014 year, must have an exemption or make an individual shared responsibility payment. These provisions will affect federal individual income tax returns filed in 2015. READ MORE

Wednesday, January 15, 2014

17% Cell Phone Taxes Bill Is Highway Robbery

High cell phone taxes date back to the “Ma Bell” days of AT&T, when just a few Americans had cell phones. Well leave it to our government to take notice that wireless surcharges would be a great way to support expensive services, such as rural telephone infrastructure build-outs. Every American today pays over 5.82% of their cell phone bill to the federal Universal Service Fund alone, not included state or city taxes. READ MORE