Tax Court Rejects Geithner/Turbo Tax Defense
From Tax Prof blog: Tax Court Rejects Geithner/Turbo Tax Defense Bartlett v. Commissioner, T.C. Memo. 2012-254 (Sept. 4, 2012): Petitioner admits that her income was misreported and that her taxable…
From Tax Prof blog: Tax Court Rejects Geithner/Turbo Tax Defense Bartlett v. Commissioner, T.C. Memo. 2012-254 (Sept. 4, 2012): Petitioner admits that her income was misreported and that her taxable…
…tax) to the GOP push to cut income tax rates in states in favor of sales taxes. But when it comes to a financial transactions tax, all of a sudden…
…fiber, as Brooks does here. Letting taxes on the upper crust return to something like (but still less than) the taxes in 2001 before the Bush tax cuts is treated…
…“optional 15% flat tax” (zero tax on unearned income); Cain’s 999 transitioning to a national retail sales tax proposal (a flat consumption tax that would be heavily regressive and leave…
…We the People as income tax. Based on the Tax Foundations data that figures out to an average of 12.68% of taxable income paid as income taxes. Thus, $6,311.72 is…
…indeed threaten tax collections from U.S. subsidiaries. But one might argue that deferral has almost completely neutered the benefit from worldwide taxation already. The bottom line is that the United…
…and George Soros had used the same tax breaks as he had in carrying over massive business losses from one year to claim massive tax deductions for many years to…
…tax cut raised taxes on single workers whose wages come to $20,000 or less and married couples with less than $40,000 in wages. That’s 51 million taxpayers, the Tax Policy…
…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…
…three arms-length home sales were to “non owner-occupiers,” according to data from the state Department of Assessments and Taxation, analyzed by The Sun. Two years later, they accounted for half…