Tax Politics
The Politics of Taxes
The Tax Tsunami on the Horizon
The folks over at Investors.com did a great round up of the new taxes slated to start in 2011. The end of the article cuts right to the core: _____________________________________________________ Not all Americans may fully realize what's in store come Jan. 1. But...
Alternative Minimum Tax Report
Alternative Minimum Tax Report Introduction The Alternative Minimum Tax (“AMT”) presents hardships to the practitioner as well as the taxpayer who prepares his own return by, as its name implies, imposing a second tax calculation mechanism on taxpayers. This mechanism...
Coming Obamacare Deficits
David Gratzer over at Townhall.com wrote the following on the coming Obamacare deficits: On a quiet Friday afternoon this summer, the central justification for President Obama’s health-care overhaul died a quiet death. On that day, a bipartisan coalition in Congress...
Tax Credit Rhetoric
The figures bandied about regarding the percentage of tax cuts in the stimulus package was false. Only a very small portion of the bill represented real tax cuts – the rest was spending implemented by having it paid through the tax system. This same type of deceit put...
NY State–We Punish You for Withholding the Correct Amount of Tax
Everyone knows about withholding—it’s the money taken out of our paycheck. It is an attempt bythe government, on a pay-as-you-go basis, to collect from you over the course of the year, the amount of tax you would owe for that year. The various taxing...
Kill the Golden Goose Why Don't You
David and Ruby had a once in a lifetime windfall earning themselves a $600,000 long term capital gain. When I told them that their federal tax liability on this gain was $100,000 they accepted this as the price ofliving in the U.S. But when I told them that their NY...