The Tax Attic with Jerry Coon — April 1, 2010

Big government is expensive Let’s talk about tax rates this week. According to the Tax Foundation, a nonprofit organization that studies such things as tax rates, taking into account all of our phase-outs, deductions and credits, the highest tax rate any United States individual could pay today would be 39.76%. That puts us at number […]

The Tax Attic with Jerry Coon — March 25, 2010

New bill creates more complex tax system I did something on Sunday evening that I have not done previously. I watched C-Span for a solid three hours. I don’t think I have watched C-Span for three total hours in my entire life before Sunday. I would rather do just about anything than watch C-Span. However, […]

The Tax Attic with Jerry Coon — March 18, 2010

Prayer never hurts, on the course or in the office   I attend church services at Rockford Reformed Church. My minister is Reverend Richard (Rick) Tigchon. I like Rick. His sermons are Bible-based, understandable, and very down to earth. He also likes fishing, which just happens to be one of the sports that I enjoy. […]

The Tax Attic with Jerry Coon — March 11, 2010

Five steps to financial security The income tax business is one of eternal learning. If it’s possible to keep your brain young by always learning, tax professionals’ brains should never get old—tired, maybe, but not old. Tax laws change constantly, both at the federal level and at the Michigan level. We get e-mail newsletters from […]

The Tax Attic with Jerry Coon — March 4, 2010

  Taxable Social Security income There are few items on a tax return that are more confusing or more difficult to explain to taxpayers than that of taxable Social Security. Prior to the late 1980s, Social Security was not taxable. Tax-free income is the best deaa still too good of a deal, because the law […]