There’s lots of talk on the Hill these days about repealing the alternative minimum tax (AMT). So today’s Fix the Tax Code Friday question is:
Should the AMT be repealed or should it be amended to apply to high wage earners only?
It’s Fix the Tax Code Friday! This week, Warren Buffett continued to be all over the news for his statements about taxes for the very wealthy. In case you’ve missed it, Buffett has amped up the rhetoric on tax reform by suggesting that those in higher brackets benefit disproportionately from existing breaks in the Tax…
It’s Fix The Tax Code Friday! This week, there has been a lot of focus on structuring following several high profile cases that made news, including charges against former Speaker of the House Dennis Hastert. Structuring occurs when large transactions are broken into smaller ones in order to avoid bank reporting requirements which kick in…
It’s Fix the Tax Code Friday! Earlier in the week, we took a peek at the UK’s planned tax increase for its wealthiest taxpayers, something that the US has been struggling with over the last year. Proponents of increasing the tax on the wealthy argue that they have more ability to pay – and that’s…
It’s the return of Fix the Tax Code Friday! Since there’s been some discussion on the blog lately about whether or not parents should receive tax “benefits” in the form of exemptions and credits, I thought I would make it the Fix the Tax Code Friday question: Should parents be entitled to exemptions and credits…
It’s Fix the Tax Code Friday! Over the past few weeks, I’ve reported on a number of industry-specific tax credits offered to businesses, including tax credits for the tech industry and for the movie industry. Reports have been mixed as to whether these credits produce any results. I’m interested to know what individual taxpayers think….
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…