Most Recent Posts
Ernie Land On Kent Hovind’s March Surprise
The tiny band of Hovindoligists is still in reaction to his mysterious announcement that a big push for Hovindication will be coming in the next three weeks. Kent made...
Kent Hovind’s January Surprise Deferred To March
Young Earth Creaionist Kent Hovind fought a long battle with the IRS that did not end well for him. He served a long sentence for structuring, failing to pay payroll...
Colorado Can Force Vendors To Rat Out Residents On Use Tax
So the deal now for Coloradans is that if the vendor they order from does not charge them sales tax, they will be reminded of their use tax obligation and, if they spend above the threshold, ratted out to the state tax authorities. I’m thinking that the rule might inspire some vendors to voluntarily collect sales tax (Some already do). Reilly’s Second Law of Tax Planning – Sometimes it is better to just pay the taxes. With the Tenth Circuit ruling, we might expect other states to enact similar statutes.
Sanders Tax Plan Harder On Millionaires Than Billionaires
So mere millionaires will find themselves facing a real dilemma. They can accumulate at a favorable rate, but someday they figure they will have to liquidate. You will find that a lot of people end up borrowing from their closely held corporations, which as long as low interest rates persist and the formalities are observed will work, kind of. And of course, you can have the C corporation buy a corporate retreat and a plane if you are really getting up there, but there are limits to that sort of stuff.
Tax Foundation Model Favoring Cruz Doubted By Many Economists
Historical data on labor participation rates and average hours worked compared to tax rates indicate little relationship with either top marginal rates or average marginal rates on labor income. Relationships between tax rates and savings appear positively correlated (that is, lower savings are consistent with lower, not higher, tax rates), although this relationship may not be causal. Similarly, during historical periods, slower growth periods have generally been associated with lower, not higher, tax rates.
Claims that the cost of tax reductions are significantly reduced by feedback effects do not appear to be justified by the evidence
Should enQ Get To Sell Spots In IRS Phone Queue?
I really hope that this plan does not work, because there is something about it that offends my sensibilities. It is taking something that is free now and turning it into a commodity. I could build a rationale for it, but I rate this as worse than what the rental car companies do when they sell the same couple of gallons of gas over and over and try to intimidate you into buying overpriced insurance. Or the airlines who arrange their cabins on the principle that most people are short and charge extra for seats that don’t require people over six feet tall to contort themselves.
IRS Rules Bingo Is For Charities Not A Charity In Itself
The portion of the IRS that concerns itself with exempt organizations is reeling from the fallout of the interminable scandal. It has come in for criticism from the other side now for its granting of exempt status to Karl Rove’s Crossroads GPS, which was pretty explicitly started to avoid spending disclosure for poltical activity. And here we have the IRS worrying about what organizations can run bingo.
Oxymorons In The Tax Law Can Not Be Fixed With Clever Ideas
It is worth noting that even though the taxpayers did not have a really good commons sense argument, they did have an argument. There are some areas of the Code where partnerships and S Corporations are recognized as “taxpayers” – making elections, having distinct accounting methods and engaging in transactions with owners for example. Who knows maybe if they had gotten this up to the Supremes, the late Justice Scalia, God rest his soul, would have been on their side from a strict textual reading. Or maybe not.
How Valid Is Tax Foundation Dynamic Scoring?
I will probably continue to cite the Tax Foundation’s estimates in discussing presidential plans. I have not found anybody who questions their static scoring. When it comes to the dynamic scoring, I am going to suspend judgement, because I don’t think there is as much of a consensus among economists as to how taxes afffect the overall economy as there is, for example, among climate scientists on the effect of carbon dioxide on global warming. So I think we may be giving the Tax Foundation’s model just a little more credibility than it deserves. It has a model that allows it to put out results quickly and that matters a lot in the attention that it gets, but it does not make it right.
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.