Tax extenders legislation
by Linda Beale crossposted with Ataxingmatter tax extenders legislation As most everyone knows, the Bush tax cuts were passed as temporary measures, with a provision sunsetting the cuts at the…
by Linda Beale crossposted with Ataxingmatter tax extenders legislation As most everyone knows, the Bush tax cuts were passed as temporary measures, with a provision sunsetting the cuts at the…
…changed in recent years to be too taxpayer-friendly, such as the reduction of foreign tax credit “baskets” that essentially permits taxpayers to “cross-credit” taxes, thus reducing US taxes too much…
…don’t want to recognize that the US, after all, is a tax haven, with lower effective corporate tax rates than most OECD countries. It isn’t the tax structure that is…
…new tax provision, involving retirement savings accounts, that also benefits the well-to-do. And, to top things off, this new tax provision, while masking the cost of the tax cuts by…
…its effective tax rate by using transfer pricing manipulation to shift U.S. income into tax-advantaged Ireland. The really odd thing about the tax cut jihadists in the U.S. is that…
…countries for which there was data are then divided into three groupings: “Low Tax” countries, with tax rates on capital below 10%; “Medium Tax” countries, with tax rates between 10%…
…flat tax is being instituted to enhance economic growth, increase tax revenues and make tax codes fairer. Why not in the U.S. After all, isn’t the world topsy-turvy when Moscow,…
…would be no tax on Social Security. No tax on pensions. No tax on personal savings. It would zero out capital gains taxes. So no taxation on capital income. I…
…many states allow companies to keep personal income tax withholding from their employees. In Missouri, local taxing districts called transportation development districts collect an extra sales tax from customers, but…
…has instilled in the American public, namely that paying less in taxes leads to faster economic growth. 2. Why look at tax burdens and not tax rates? Well, simply put,…