Reliable Insurance Managers, Inc. Blog: tax
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Thursday, January 26, 2012Long-term care insurance is subsidized, in effect, by Uncle Sam. "For many people, a large part of their premium cost is deductible on their federal tax return," says Denise Gott, National Sales Manager and Chairman of the Board of LTC Financial Partners, LLC (LTCFP). READ MORE >>
Monday, January 16, 2012Though its demise drew little attention because of the partisan year-end brawl over the payroll tax cut extension in Congress, a key mortgage financing benefit disappeared at the end of December: the ability of large numbers of home buyers and owners to write off the premiums they pay for mortgage insurance. READ MORE >>
Tuesday, September 20, 2011In a blunt rejoinder to congressional Republicans, President Barack Obama called for $1.5 trillion in new taxes Monday, part of a total 10-year deficit reduction package totaling more than $3 trillion. He vowed to veto any deficit reduction package that cuts benefits to Medicare recipients but does not raise new revenues. READ MORE >>
Wednesday, March 30, 2011The House Ways and Means Committee heard testimony Monday on a bill that would require Internet retailers to collect state sales tax if the company has a connection to Texas. Supporters say the bill could bring in millions of dollars in new sales taxes at a time when the state is facing a $23 billion budget shortfall. READ MORE >>
Wednesday, March 9, 2011American International Group repaid another $6.9 billion of its bailout Tuesday, the U.S. Treasury said. With that payment, the Treasury said it has now recovered 70 percent of the $411 billion distributed under the crisis-era Troubled Asset Relief Program, or TARP. AIG paid the Treasury $6. READ MORE >>
Friday, December 17, 2010 A deal that President Barack Obama struck with Republicans to extend expiring tax cuts for nearly every working American and spur job growth sailed through the U.S. Senate Wednesday. The Senate passed the legislation in a 81 to 19 vote. READ MORE >>
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