Debate This
I have been asked by a few candidates to wait until after the GOP presidential debate on May 15 (today) before posting my tax answers. Out of respect for those candidates, I will begin posting the replies on May 16.
I have been asked by a few candidates to wait until after the GOP presidential debate on May 15 (today) before posting my tax answers. Out of respect for those candidates, I will begin posting the replies on May 16.
On Friday, the IRS wrapped up what might have been its worst. week. ever with a hearing in front of the House Ways and Means Committee. The hearing focused on allegations that the IRS improperly targeted certain applications for tax-exempt status based on keywords and politically charged language. When the announcement was made about the…
Vote early and vote often is taking on a totally different meaning these days. Congress is voting on the tax cuts – they’re just not getting anywhere. Today, the Senate voted twice on measures to extend tax cuts and failed to pass either version. One version would have extended the tax cuts to families making…
Gideon Alper, who publishes the Gay Couples Law Blog, which discusses new developments in same-sex family law and estate planning, writes: The IRS should recognize gay marriages not just as a matter of equality, but also to encourage socially beneficial behavior in gay relationships. Fred Silberberg, a Los Angeles attorney that has practiced family law…
Apparently, some blue dogs bite. Rep Gene Taylor (D-MS) has fired back at the group, Americans for Tax Reform (ATR), calling them “lying sacks of scum.” ATR is a nonprofit, 501(c)(4) lobbying organization which “opposes all tax increases as a matter of principle.” As part of their anti-tax efforts, ATR asks members of Congress to…
In recent days, both front-runner Newt Gingrich and Texas Governor Rick Perry have touted their respective “optional flat tax” plans as an easy solution to a complicated tax system. Under both plans, taxpayers would have the option of filing under the existing Tax Code or filing with a flat tax rate (Perry has suggested 20%…
This week, it was announced that the total job losses for 2008 were more than 2.6 million, the highest since 1945. It was no surprise, then, that Congress is rushing to approve a much touted economic stimulus package. Speaker Nancy Pelosi has said that she expected a House on the matter the week after Obama’s…