Paying the Price for Vice: The Evolving Landscape of Excise Taxes in America

🖨 Print⏱ 4 min readShare by While excise or vice taxes have long been a part of the American tax landscape related to alcohol and cigarettes, the recent invention of vaping and legalization of marijuana and other substances is changing … Continue reading →

🖨 Print⏱ 3 min readShare by The Social Security Administration recently announced 2021 increases to both benefits and the taxable wage base for FICA taxes. Increases Announced for 2021 Workers are facing a 3.7 percent increase in the taxable wage base … Continue reading →

🖨 Print⏱ 4 min readShare by This has been a year of economic and tax uncertainty with the impact of the COVID-19 pandemic, potential stimulus bills, and the presidential election. As a result, tax planning may be more important than … Continue reading →

🖨 Print⏱ 3 min readShare by The Senate Republicans’ slimmed-down stimulus bill recently failed to materialize after receiving less than the 60 votes needed to move forward. The “skinny” stimulus bill, with a price tag of only $650 billion, was … Continue reading →

🖨 Print⏱ 3 min readShare by No surprise, but Americans are consuming and spending less since the coronavirus kicked in.  Retail sales dropped to 8.7 percent in March, the largest month-over-month decline since the Census Bureau started tracking this data. … Continue reading →

🖨 Print⏱ 3 min readShare by As the economic impact of COVID-19 lingers and an impending second wave is on everyone’s mind, Congress is already thinking of new legislation to stimulate the economy. One of the ideas on the top … Continue reading →