Stimulus Recipients Owe Millions In Back Taxes
A federal auditor says that contractors and businesses that received federal stimulus money back in 2009 owe billions in unpaid government taxes. The Government Accountability Office says that as of last fall the total bill for unpaid taxes, interest and penalties was $330 billion. “We’ve known for some time that there’s a significant tax gap [...]
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Debt Forcing Older Americans To Put Off Retirement
Retirement continues to be out of reach for a larger number of Americans age 55 and over according to a report by USA Today. Many have been forced to put their retirement plans on hold due to the recession, unemployment and falling home values. “My generation thought that we were on easy street,” Irene Froehlich, [...]
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