It’s Fix the Tax Code Friday!
Over at Only3Years, Iz contemplated the question of where she might be a year from now. The more I thought about this, the more I thought that it would make a superb Fix the Tax Code Friday…
I’m constantly asked what I think will happen with respect to a number of tax items such the AMT, the federal estate tax and most recently, tax rates for those making more than $250,000. These are great topics to speculate on – especially with a significant election year looming.
So this week’s Fix the Tax Code Friday question is:
What changes – if any – do you expect to see made to the Tax Code by this time next August? Federal estate tax repeal? Health reform surtax? VAT or national sales tax? Tax cuts or tax increases?
I promise no “I told you sos” come next year. (Umm, well depending on who you are… I reserve the right to beat up on my fellow tax pros. It’s like our own Fantasy League.)
But I’m dying to know what you think… Go ahead, chime in!
It’s Fix the Tax Code Friday! And it’s been a long tax week for many of us. So, with tax returns fresh on your mind, I thought I’d ask my readers the same question that I ask my GTKYT tax pros:
If you had the opportunity to make one change in the tax code tomorrow – an extra credit, a disallowed deduction, whatever – what would it be?
It’s Fix the Tax Code Friday!
This week, my post about a national sales tax on online sales was all in jest for April Fool’s Day. But it caught some folks off guard because it really could happen. Proponents say that a national sales tax would increase revenue by taxing consumption rather than income. Critics say that a sales tax is far too regressive and would disproportionately affect the poor.
I want to know what you think.
Today’s Fix the Tax Code Friday question is:
Should the US consider a national sales tax as an alternate method of raising revenue?
It’s Fix the Tax Code Friday!
Next week, the revised tax tables for the Making Work Pay Credit go into effect. Last year, after stimulus checks were mailed out, taxpayers overwhelmingly supported a second stimulus package. Now, taxpayers don’t seem so sure. With the second stimulus package in place, with money in the pockets of most taxpayers next week, today’s Fix the Tax Code Friday question is:
Will the Making Work Pay Credit make a difference in the economy?
