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Most Recent Posts

Easement Deductions – A Place In Greenwich Village And A $25 Million Eagles Nest

Easement Deductions – A Place In Greenwich Village And A $25 Million Eagles Nest

Of course, if the property is already at its highest and best use (meaning the use that will yield the most money in the long run), the easement has little or no value.  That often turns out to be the case with easements on buildings in historic districts.  There are already plenty of restrictions on the property.  The method that can raise eyebrows out in the country is subdivision analysis.  I read somewhere that if all the hypothetical subdivisions that have supported easement donations were built, we would have enough houses for the next couple of centuries and very little in the way of farmland.

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Is Tax Foundation Unfair To Bernie Sanders?

Is Tax Foundation Unfair To Bernie Sanders?

Nonetheless, there is much that the TF cannot capture and it does not even pretend to.  If we were actually able to have a single payer medicare for all system, I think there might be some very positive effects on entrepreneurship and small business formation.  In the current system, concerns about health insurance tend to tie people to jobs.  Companies that provide health care coverage now might find it a lot simpler to just pay 6.4% and also be relieved that they are not picking up the tab for the other half of a couple that works somewhere that does not provide insurance.  Something that I have not seen discussed anywhere is what effect single payer health care might have on workers comp and liability insurance rates.

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Kentucky Can Attract Tourists Who Like Bible More Than Bourbon Without Violating First Amendment

 I tend to think that incentives like this one are really bad tax policy.  A really good thing would be for all states to enter into an agreement to refrain from them, since they threaten a race to the bottom.  I don’t think very highly of young earth creationism, although I am less disturbed by it than many.  The upside of YEC is that it actually gets some people to think.  If you doubt that, check out Tony Reed’s How Creationism Taught Me Real Science series.

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IRS And The Tea Party – Scandal Enters A New Millennium

The narrative that seems most plausible to me is Lois Lerner as the Agent From Hell.  AFH is my term for a certain type of IRS agent that I have thankfully only encountered a couple of times in my career.  AFH is not that technically astute, but AFH is dogged.  And AFH is certain that your client is up to no good.  AFH just hasn’t quite figured out what that no good is.  That was Lois Lerner and the Tea Party applications, only she had to do her work through minions.  Lois Lerner was passionate about the dark money issue and nobody else seemed to care. So she tortured her line agents to get them to torture bewildered applicants who were already pumped up on conspiracy theories. A perfect storm of bureaucratic bumbling coming across as brilliantly subtle conspiracy.

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You Do Not Have To File A Joint Return And There Are Some Reasons Not To

You Do Not Have To File A Joint Return And There Are Some Reasons Not To

Filing a joint return for the last year of marriage is a reasonable course, if the couple is going to cooperate with one another.  The problem is that couples who are really good at cooperating with one another are not among those likely to be getting divorced.  Planners generally assume that the final return of the marriage will be joint.  I think the more prudent thing to assume is that filing will be separate unless the case is made that the joint return saves money and, most importantly the balance due is being properly addressed.  The respective audit exposure of the spouses also needs to be considered.  Bottom line, though, is that you should never feel compelled to file jointly and particularly in a divorce situation should consider the pros and cons very carefully.

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NorCal Tea Party Patriots V IRS – Grassroots Or Astroturf?

NorCal Tea Party Patriots V IRS – Grassroots Or Astroturf?

As noted the litigation is being funded by Citizens For Self-Governance.  The suit gets prominent play on CSG’s website. One of the things that flashes up is that CSG filed the only class action lawsuit against the federal government to defend the law-abiding citizens who were harassed by the IRS.  That was the point of contention in that CSG actually could not file the suit, since it was not part of the class.  It is funding the suit.

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Tax Foundation Analysis Of Sanders Plan Only Shows Downside

Tax Foundation Analysis Of Sanders Plan Only Shows Downside

The problem with the Tax Foundation analysis is that it does not account for the fact that all those businesses and individuals will not be paying for health insurance anymore As I understand the Tax Foundation’s model it is almost as if the over $5 trillion that is raised from the payroll and household tax and the over $3 trillion that is raised because there won’t be deductions and exclusions for health care expenditures is taken from the economy and flushed down the toilet.  According to the Tax Foundation taxpayers are behind by $3 trillion because they are not getting health insurance deductions anymore.  What is not included in the analysis is the gain from not paying health insurance anymore.

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