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THE TAX LAW DOES IT ALL
June 25, 2008
The tax law does the great and small. The tax law does it all.
It solves the energy crisis, one wood pellet at a time:
Collins indicated she favors a similar bill introduced later in the week by Sen. Chuck Grassley, R-Iowa, that would extend expiring energy credits, create new tax credits for clean-burning wood and wood-pellet stoves, and address the AMT issue.
It dries up floods:
Washington, D.C. - Senators from flood-stricken states are banding together to push for tax relief for flood victims.The Midwestern Disaster Tax Relief Bill is similar to legislation proposed following Hurricane Katrina in 2005 and a Kansas tornado in 2007.
Iowa's two senators, Democrat Tom Harkin and Republican Charles Grassley, are co-sponsors.
Or at least it dries out retirement accounts:
Under it, taxpayers could make early withdrawals of up to $100,000 from their retirement plans without being subject to a penalty.
So when you lose everything but your retirement account in the flood, you can lose that, too!
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Comments
I wasn't expecting that last statement. Well played.
Posted by: Dustin | June 25, 2008 1:42 PM