Fiscal Cliff Tax Rates: Finance expert Mike Periu on the fiscal cliff negotiations regarding the personal income tax rate. A key point of contention during the fiscal cliff negotiations has been the level of taxation—specifically marginal tax rates—on people earning higher incomes. For the first time, a potential compromise has been proposed on this thorny issue. House Speaker John Boehner suggests increasing the top marginal tax rate from 36 percent to 39.6 percent on incomes over $1 million. … [Read more...]
I-9 Form Changes Welcomed with Caution
OPEN finance expert Mike Periu on changes in the I-9 verification form. The Department of Homeland Security (DHS) and U.S. Citizenship and Immigration Services have proposed making changes to the Employment Eligibility Verification or I-9 Form. The changes to the I-9 form include expanded instructions and a cleaner distinction between which parts of the form must be completed by employers and which part must be filled out by employees. There have been complaints that the current version of the … [Read more...]