Most Recent Posts
Is Costco’s Jim Sinegal A Hypocrite ?
I have to say I appreciate the Wall Street Journal thinking about the little guys like me, the potential victims of this upcoming onerous tax. I hate to point out that I don’t think it is really that big a deal to the low six figure plodders who get the brief time in the sunlit lands over a quarter million in AGI. You really have to have quite a bit in invest-able assets outside retirement accounts for the new tax on investment income to sting an awful lot. Regardless of that, I think the condemnation of Mr. Sinegal is ridiculous.
Bill O’Reilly Likes Wealth Tax Idea Even Less Than I Do
I am going to study the Hill segment more closely so I can learn to do interviews. I naively thought that you should come up with a pretty good question and then kind of listen to what the interviewee said. Apparently what you need to do is to continually interrupt them and tell them that their ideas are ridiculous. Live and learn.
CRS Refuses To Disclose Who Requested Withdrawal Of Report On Marginal Rates
The argument that high marginal tax rates will discourage economic growth strikes me as pretty compelling. I see the logic of it. There is this nagging problem,...
Educational Assistance Foundation for The Descendants of Hungarian Immigrants in The Performing Arts – Can’t Make This Stuff Up
Originally published on Forbes.com Nov 28th, 2012 Educational Assistance Foundation for The Descendants of Hungarian Immigrants in The Performing Arts, Inc. (EAFDHIPA...
S To LLC As A Fiscal Cliff Acceleration Strategy ?
I hate to plan for "might be" tax changes. Nonetheless, the situation we find ourselves in now requires it. There is a decent chance that there will be game changing...
Joint Returns Need Warning Labels
Theresa Karam was denied innocent spouse status by the Tax Court and has lost on appeal to the Sixth Circuit. There is a very interesting twist to her case. Her...
IRS Position On Wandry Decision Makes 2012 Gifting More Difficult
The IRS has thrown a significant road block into planning for large 2012 gifts. Our transfer tax system , gift and estate taxes, is unified. There is a credit...
Carbon Tax Getting Serious Consideration As CBO Seeks To Address Regressiveness
Originally published on Forbes.com Nov 17th, 2012 I first learned about the concept of a carbon tax from the Green Party Platform. It was one of the things that...
Sixth Circuit Agrees That Cliff Claven Is Not A Thief
Originally published on Forbes.com Nov 14th, 2012 John Ratzenberger is best known as being an actor. I know that actors are not their roles, but it is easy to fall...
Penalty On Qualified Plan Withdrawal To Pay Alimony
It always bums me out when the Tax Court makes a decision that is clearly correct, but totally unfair. Charles Hartley was in front of a Tax Court judge, because the...