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fix the tax code friday

Fix the Tax Code Friday: Filing Status

13 August 2010

Today’s Fix the Tax Code Friday question is inspired by a comment on yesterday’s post from TexasEd: What if there was no such thing as filing status? No single, no married filing separate, no married filing jointly, no head of household, no qualifying widow with dependent child. Just one taxpayer per return. What do you [...]

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Fix the Tax Code Friday: Norwegian-Style Transparency

23 July 2010

In this era of offshore accounts and banking secrecy, you can’t turn sideways without hearing someone call for more transparency. I get it – I believe that transparency is generally a good thing, especially in government. But how much is too much? The Norwegians have made news for their “skatteliste,” or “tax list” which includes [...]

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Fix the Tax Code Friday: Federal Estate Tax

16 July 2010

This week, the death of George Steinbrenner rekindled discussions about the federal estate tax. As you may be aware, there is no federal estate tax for 2010. However, assuming that Congress doesn’t take action, next year the federal estate tax returns with a personal exemption of $1 million and a flat rate of 55%. Under [...]

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Fix the Tax Code Friday: Federal Tax Amnesty

30 April 2010

It’s the return of Fix the Tax Code Friday! For those of you who are new (or have forgotten), Fix the Tax Code Friday is your opportunity to sound off on hot topics related to tax. This week, there has been a lot of discussion about amnesty programs in various states. Pennsylvania just kicked off [...]

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Fix the Tax Code Friday: VAT

19 December 2009

It’s Fix the Tax Code Friday! This week, I wrote a piece for WalletPop about the possibility of a VAT being imposed in the US. The idea is that the VAT would be similar to those in Europe and Asia and would be imposed at each stage of a transaction in an effort to mitigate [...]

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Fix the Tax Code Friday: Pay Per Mile Tax

20 November 2009

It’s Fix the Tax Code Friday! This week, there has been a lot of discussion across the internet about “going Dutch” a la the pay-per-kilometer system recently passed in Amsterdam. So today’s Fix the Tax Code Friday question is: Should the US consider a pay-per-mile tax system to pay for roads and other infrastructures? If [...]

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Fix the Tax Code Friday: Targeted Enforcement

13 November 2009

IRS Commish Doug Shulman has not been shy about talking about targeted enforcement. Targeted enforcement – the idea of cherry picking certain target groups to investigate or examine – is nothing new: it’s happened for years. In fact, as a young lawyer, I remember FLPs (Family Limited Partnerships) being called out under the Clinton Administration. [...]

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Fix the Tax Code Friday: A Year From Now

14 August 2009

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 [...]

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Fix the Tax Code Friday: One Change

17 April 2009

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 [...]

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Fix the Tax Code Friday: National Sales Tax

3 April 2009

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 [...]

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