What We Don’t Know About America’s Most Famous Secretary

January 31, 2012

Warren Buffett wants critics to focus on facts about his secretary, but facts are not forthcoming. Are her taxes typically middle class?

Carrying The Political Burden Of “Carried Interest”

January 30, 2012

Romney’s tax returns make “carried interest” too much of a burden for Republicans to carry. Its demise may be close at hand.

New York To Boomer Business Owners: Get Lost

December 8, 2011

The Empire State takes a big chunk of its entrepreneurs’ lifetime earnings. Tax-conscious business owners will get out while they can.

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Death Is Still Certain; Taxes Not So Much

November 8, 2011

With half the country on the federal benefit rolls and half paying taxes to pay for it, rational spending choices are impossible.

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The President’s Plan Of Inaction

September 20, 2011

The president does not actually plan to raise taxes on the wealthy, which he could do with ease. He merely plans to talk about it.

How Many Jobs Does $447 Billion Buy?

September 14, 2011

If unit-pricing laws applied to the American Jobs Act, at least we’d know what the president wants to sell us for $447 billion.

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States Get Aggressive With Self-Employed Nonresidents

June 22, 2011

Seven years ago Hilary LaMonte, then a resident of Virginia, made a mistake: She failed to file an Iowa state tax return. She repeated the mistake in each of the following two years. Now she owes Iowa around $35,000, according to a Letter of Findings from the state’s Department of Revenue. From 2003 to 2005, LaMonte worked as an independent contractor for the Iowa Association of School Boards, receiving between …

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Distinguishing Tax ‘Incentives’ From ‘Subsidies’

June 16, 2011

The New York Times reported last week that lately U.S. businesses have been much more willing to spend money on new equipment than on new employees, which is true, and that tax incentives are subsidizing much of this capital spending, which is not. The Times fell into the trap of confusing tax incentives with subsidies. The incentives relax certain tax accounting rules, typically reducing taxes in the short term while …

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The IRS Can Reunite Families, If We Let It

December 30, 2010

The IRS cooperates with other agencies to collect past-due child support, federal agency non-tax debts and state income tax obligations. Yet when it comes to working with investigators to reunite abducted children with their legal guardians, the Service says “no can do.” About 200,000 family abductions are reported annually in the United States. These cases, in which a non-custodial relative illegally takes a child from the custodial parent or guardian, …

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A Tax System That Promotes Prosperity

October 8, 2010

When you don’t ask the right questions, your chances of reaching the right answers are not very good. That is why this year’s showdown over tax rates is going to leave businesses burdened with counterproductive taxes, no matter who wins in November. The only thing we are really debating is how heavy that counterproductive burden will be. This is unfortunate. A more intelligently designed tax system could help build the …

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