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Debate Proceeds Despite Green Party Lawsuit – Hear Jill Stein On Defense Here

by admin | Oct 22, 2012 | Tax

Originally published on Forbes.com Oct 22nd, 2012 Well at least my favorite candidate is not handcuffed to a chair for tonight’s debate. Tonight’s debate is proceeding in the wake of a court challenge by Green Party Candidate Jill Stein. Here is the...

George McGovern Passes On – Where Were You In 1972 ?

by admin | Oct 21, 2012 | Tax

George McGovern died this morning. I hope one of my favorite commenters, russpoter, will forgive me for straying from the tax reservation to reminisce, again. McGovern was the first candidate I voted for in a Presidential election. It is tough to make judgements...

Beware Of Partnership Status Sneaking Up On Your Business Venture

by admin | Oct 21, 2012 | Tax

William Holdner and his son, Randall, had a fairly substantial agricultural operation. They chose to report their arrangement as separate businesses. All income and expenses were reported on one return or the other. The thing that probably bothered the IRS more...

Second Circuit Declares Section 3 Of DOMA Unconstitutional

by admin | Oct 20, 2012 | Tax

When Clara Spyer died she left an inheritance for her spouse, Edith Windsor. The estate tax has an unlimited marital deduction. Nonetheless there was $363,053 in estate tax. The reason for this is that Ms. Spyer and Ms. Windsor were both women. Under federal law,...

Eliminating Tax Expenditures To Cut Rates – Early Results Are Underwhelming

by admin | Oct 18, 2012 | Tax

The Tax Reform Act of 1986 was a massive reboot of the income tax system. The major theme was to broaden the base and lower the rates. The rate lowering was dramatic. The top marginal rate was substantially reduced. What really would have been good is if we could...

Jill Stein In Jail Worried About Students In Debt Bondage

by admin | Oct 17, 2012 | Tax

Green Party Presidential Candidate Jill Stein may be in jail or lock-up in Hempstead, NY as I write this. Dr. Stein and her running mate, Cheri Honkala, were arrested yesterday for “blocking traffic” as they sought entrance to the presidential debate at...