NEW YORK – GLAAD today denounced the Senate’s tax bill and exposed how the bill targets low income and LGBTQ Americans. This tax bill aims to eliminate the individual mandate, a key component of the Affordable Care Act (ACA), which will cause 13 million low income Americans to lose healthcare, and its 1.5 trillion dollar…
The Human Rights Campaign (HRC) is opposing the latest Trump-Pence “tax” scheme. The bill was drafted in secret without meaningful public input and is being rushed through the Senate this week. Under the guise of this tax bill, some Republican leaders in Congress continue to play politics with people’s lives, using it as a vehicle…
WASHINGTON – On the eve of Transgender Day of Visibility, North Carolina Governor Roy Cooper, Senate President Phil Berger and House Speaker Tim Moore attempted to pass off to the public an egregious so-called “deal” that doubles down on the state’s HB2-like discrimination against LGBTQ people — particularly transgender people. Over the past several days,…
Records obtained by The New York Times show Donald Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years. Reacting to these reports, Russell Roybal, deputy executive director, National LGBTQ…
ATLANTA — Delta Air Lines (NYSE: DAL) has announced updates to its health benefits policy to assist employees in same-sex relationships. Effective immediately, employees who cover same sex domestic partners under Delta’s healthcare plans will no longer be responsible for any federal or state income or payroll tax burden associated with this coverage. Instead, Delta will…
After the IRS decision to allow gay and lesbian married couples to file joint federal tax returns, we noted that a number of states would have to provide guidance because they require two contradictory things: (1) if you file a joint federal return, you must file a joint state return, and (2) same-sex married couples cannot…
The first time I did taxes for Greg and Linda, I was blindsided. They were married the summer before they became my clients. Both of them had only ever received refunds on their tax returns. And this year, they owed money to Uncle Sam. A lot, too. I, like my new clients, hadn’t really internalized…
This is a question I am asked all the time. Will I ever get a penny from Social Security? Most people have come to the conclusion that they won’t get anything. Everyone has heard about Social Security running out of money in the about 20 years. However, I would like to go on record to…
There is a report called Making Ends Meet that has been in the news the past few months. This research, put together by the Center on Policy Initiatives, calculated the average income needed to cover basic living expenses in San Diego for different types of families. For instance, a single person needs to make $27,655…
It’s great when people ask me finance questions. Many are embarrassed or afraid to ask financial questions, but that should not be the case. Remember, none of us have been taught about personal finance or investments. It’s just not something we learn in high school or college. There is no reason why you should know…
