As we close the books on 2011, here, in totality, are five underreported stories (as put together by me) for Current.com:
Soon, Starbucks could dedicate half of each outpost to, of all things, cold-pressed juices. According to the New York Post, Starbucks CEO Howard Schultz became obsessed with the juices after visiting East Village juice bar Liquiteria. He got so excited about the idea that he hired veteran juicer Yohana Bencosme away from the dispensary and flew her out to Seattle to train his employees in the ways of fresh juices.
A representative from Starbucks called the Huffington Post to issue a statement on the rumors. “I can confirm that Yohana has joined Starbucks, and we’re very excited to have her,” he said. “Everything else, though, is really rumor at this point, and I can’t comment on it.”
(Source: The Huffington Post)
With Republicans united in opposition, joined by three Democrats, the Senate voted 50 to 49 to open debate on the measure, 10 votes short of the 60 needed to overcome procedural objections.
Anticipating the defeat earlier Tuesday during a stop in Pittsburgh, Mr. Obama acknowledged that he was making plans for what to do next.
“If they don’t pass the whole package, we’re going to break it up into different parts,” he said, echoing White House officials who have said that they would seek to push individual components of the bill that had the best chance for passage.
(Source: The New York Times)
Federal Income Tax Brackets for 2012
Every year around this time, tax experts get together and use inflation data to project what the next year’s income tax brackets will look like. Here’s a quick rundown of what the Federal income tax brackets are expected to look like in 2012:
Tax Bracket Married Filing Jointly Single 10% Bracket $0 – $17,400 $0 – $8,700 15% Bracket $17,400 – $70,700 $8,700 – $35,350 25% Bracket $70,700 – $142,700 $35,350 – $85,650 28% Bracket $142,700 – $217,450 $85,650 – $178,650 33% Bracket $217,450 – $388,350 $178,650 – $388,350 35% Bracket Over $388,350 Over $388,350
And here are a few related points:
- The personal and dependency exemption will rise to $3,800
- The standard deduction for married filing jointly will rise to $11,900
- The standard deduction for singles will rise to $5,950
Looking ahead, last year’s fighting resulted in a two year extension of the Bush-era tax cuts, which means that their currently set to expire at the end of 2012. As for what 2013 has in store for us, your guess is as good as mine.