Presidential Candidate Tax Plans Coming In Slow
There doesn’t seem to be much there to do a lot of planning with. I have two things I would consider though. One is that if your estate is north of $5 million, you should really look at using up your unified credit ideally with a technique like a family limited partnership that leverages the credit. The other argument I would make is that if you have been contemplating doing something big involving a charitable deduction, it would be wise to do it sooner rather than later. Even Sanders is not calling for a higher maximum individual rate so you don’t have that reason to hold off. There is a lot of talk about closing loopholes and even a proposal to limit the value of charitable contributions to 28%. On the other hand, you have Rubio and Rand calling for lower marginal rates. Either way the argument is strong that you should make major charitable moves sooner rather than later.
Billion Dollar Ball By Gilbert Gaul And The Unlikely Charity Known As College Football
As I noted you can get the tax geek stuff in the book in more concentrated form from Colombo’s article, but I still recommend the book. The Title IX section is probably the most fascinating. Title IX requires some sort of parity between what colleges offer men and women when it comes to athletic programs. Because of Title IX, the complement to a big college football team tends to be a significant women’s rowing program. It is one of the oddest non-sequiturs I have ever noted.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.