November 21, 2008
Congress pulls back a tax bite
1-year 'patch' keeps middle class from facing hefty increase WASHINGTON — Congress shielded about 21 million Americans on Wednesday from having to pay higher 2007 taxes under the controversial alternative minimum tax, a levy originally aimed at the super-wealthy.
Tax reforms mean sharply higher tax bills for some
SAN FRANCISCO (MarketWatch) -- Accountants are wearing their pencils down to stubs to assess which taxpayers win and which lose under changes proposed this week by the President's Advisory Panel on Federal Tax Reform. Link to original articleSchools may cut property tax rate
Property owners might pay slightly lower school taxes in November — saving perhaps enough to buy lunch. The Jefferson County school board will decide tonight whether to approve the district's proposed 2006-07 tax rate of 61.5 cents per $100 of assessed value, down from 62.5 cents in 2005-06.
Tax Act -
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