On January 1, 2013 income tax rates are set to dramatically increase. Taxes on wages, investment interest, and other types of ordinary income, the top rates will rise from 35% to 39.6%. In addition, the 3.8% Obamacare Medicare surtax will start January 1, 2013. The...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
ordinary income
Lottery Winners Lose!
Lottery Winners Lose! The 11th U.S. Circuit Court of Appeals in Atlanta ruled Dec. 19 that Bertucci and the others around the country who sold their winnings to investment companies must pay income taxes on the lump sum they received instead of lower capital gains...
