• page-slide-1

    Steven developed a thorough plan to meet our complicated needs with a blended family and special needs child in a timely manner. - Cheryl F.

  • page-slide-2

    Mr. Jackson made a tough process easy and painless! - Kyle M.

  • page-slide-3

    "Integrity, trust - a rare item - it's here! - Ron F.

Pending Elections Will Dramatically Impact Both State and Federal Taxes

The Bush Tax Cuts are set to expire on December 31, 2012.  There is a bill in the House of Representatives by the Republicans to extend that for one year.  If it is enacted before December 31, it would extend the tax cuts for one year.  If it is not, the tax cuts would disappear and taxes would be raised at almost every level. 

There are arguments by different political parties that raising taxes is the way to stimulate the economy, while others are vehemently opposed, stating that it would only push the economy down.

In the state of North Carolina, the candidates for governor are dramatically opposed in their view on taxes.  One believes that a large sales tax would help pay for more of the state’s expenses, where the other believes that placing a large sales tax on items produced and sold in North Carolina would only kill the business that produce and sell those items. 

Both the federal and state elections will dramatically impact what happens with the tax code in the coming days.  Please study the candidates’ positions and invest yourself in voting.  Remember that North Carolina allows absentee voting where you can vote by mail, and early voting where certain polling locations will be open for almost a month before election day.

At the Law Firm of Steven Andrew Jackson, Attorney and Counsellor at Law, we have helped hundreds of families protect themselves and their loved ones, avoid Estate Taxes and Probate Costs, and keep their Estate Plans current with the law through The Customized Protective Estate Planning Solution™.