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Posts Tagged ‘Tax’

Look into tech companies’ tax safe havens draws to close

January 4th, 2013
Senate subcommittee has been conducting an investigation over the past year into techniques used by major tech companies to save on taxes. [Read more]



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Fiscal cliff deal protects family tax breaks

January 3rd, 2013
Families who have been worried about losing thousands of dollars worth of tax breaks this year can stop panicking.


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Your taxes under the fiscal cliff deal

January 2nd, 2013
Deal contains a wide array of tax provisions that will affect taxpayers. Here's the list of what is -- and isn't -- in the agreement:


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Utilities Rush to Complete Turbines as Wind Energy Tax Incentive Expires at Midnight

December 31st, 2012

green design, eco design, sustainable design, wind energy, new wind turbine construction, federal tax credit wind power, renewable energyWind turbine photo from Shutterstock

United States energy companies are clamoring to install last minute wind turbines before the federal tax credit incentive expires at the stroke of midnight tonight. The government incentive subsidy awards roughly 2.2 cents for every kilowatt hour produced over the next ten years, and it has spurred the construction of new wind power plants across the states.

green design, eco design, sustainable design, wind energy, new wind turbine construction, federal tax credit wind power, renewable energy green design, eco design, sustainable design, wind energy, new wind turbine construction, federal tax credit wind power, renewable energy, green design, eco design, sustainable design, wind energy, new wind turbine construction, federal tax credit wind power, renewable energy,

green design, eco design, sustainable design, wind energy, new wind turbine construction, federal tax credit wind power, renewable energy,Image ©Wikimedia Commons

Thanks to the federal tax credit incentive, wind power has grown exponentially in 2012- from just 1.5 gigawatts of power across the country to an impressive 13.5 gigawatts by the end of this year. With 12 gigawatts of wind power sources installed this year, the renewable energy source skyrocketed past natural gas.

With the incentive, each large turbine is awarded around $1 million in government subsidy money over ten years. But the incentive is set to expires at midnight tonight, to the chagrin of renewable energy supporters. Without the subsidy, green energy enthusiasts fear that the rate of wind power construction will plummet next year, causing a rise in the use of traditional fossil fuels.

Although it is still unclear whether the incentive will be extended into 2012, The American Wind Energy Association is hopeful for a short extension to finish projects that are in the works. With that extension, the rise of wind power could be sustained in 2013, ensuring the rise of renewable energy for another year.

Via BBC

green design, eco design, sustainable design, wind energy, new wind turbine construction, federal tax credit wind power, renewable energy green design, eco design, sustainable design, wind energy, new wind turbine construction, federal tax credit wind power, renewable energy, green design, eco design, sustainable design, wind energy, new wind turbine construction, federal tax credit wind power, renewable energy,




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Forget the rich, fiscal cliff would hit everyone else too

December 28th, 2012
Sure, the rich would get hit hard by the fiscal cliff. But nearly everyone would feel the brunt of the tax hikes.


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Clock ticking on mortgage tax break

December 24th, 2012
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Financial planners: How to survive fiscal cliff

December 23rd, 2012
As Congress struggles to avert the fiscal cliff and its tax increases, financial planners are being peppered with questions from confused, worried or angry clients.


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Cliff may delay 100 million tax returns

December 21st, 2012
Without a fiscal cliff deal that includes an AMT fix, 100 million tax returns might be delayed.


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RIM posts Q3 profit due to tax windfall, but subscribers fall

December 20th, 2012
Remove the favorable tax settlement, and the BlackBerry maker still lost money. The results were still better than investors expected. [Read more]



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Yahoo’s gift guide for political junkies

December 19th, 2012
Now that election season is (finally) over, political junkies need another way to entertain themselves during the holiday season. We asked some top players in Washington to recommend the best gifts for the politically obsessed. NAME: Grover Norquist, president, Americans for Tax Reform GIFT: Election memorabilia Washington's infamous purveyor of the anti-tax "pledge" suggests saving [...]


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