Fix The Tax Code Friday: Revoking Passports For Unpaid Tax Debts
It’s Fix The Tax Code Friday! Today’s question is: Should the federal government revoke passports for taxpayers who have delinquent tax debts?
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Fix The Tax Code Friday: Increased Security & Delayed Tax Refunds
It’s Fix The Tax Code Friday! Today’s question focuses on security measures and delayed refunds.
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Fix The Tax Code Friday: Driving Home A Border Tax
It’s Fix The Tax Code Friday! Today’s question is focused on President-elect Trump’s tweet to Toyota, suggesting there might be a border tax for foreign – as well as U.S. – companies.
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Fix The Tax Code Friday: Corporate Tax Incentives
It’s Fix The Tax Code Friday! Today’s question focuses on corporate tax incentives.
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Fix The Tax Code Friday: Averting A Shutdown
It’s Fix The Tax Code Friday! Earlier this week, Forbes contributor Stan Collender boosted his estimate of the chance that there will be a government shutdown from 67% to 75%. Those odds might have gone up even more. Today, Speaker John A. Boehner’s (R-OH) announced that he would step down at the end of October,…
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Fix The Tax Code Friday: Tightening Up The EITC
It’s Fix The Tax Code Friday! Donald Trump ruffled some feathers in Kansas City when he suggested that what he wanted most in terms of tax reform was: I want to put H&R Block out of business. I want to put ‘em out of business. A person with a simple tax return can’t figure it…
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Fix The Tax Code Friday: Letting Go Of Tax Deductions
It’s Fix The Tax Code Friday! One of the points that was stressed repeatedly in the presidential debates is the complexity of the Tax Code. Almost all candidates agree that some kind of tax reform is needed but there are differing views of what that reform should look like (you can see a brief overview…
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Fix The Tax Code Friday: Structuring
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…
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Fix The Tax Code Friday: State Tax Policy Versus The Feds
Earlier this week, the Supreme Court struck down Maryland’s personal income tax scheme as unconstitutional because it discriminated against interstate commerce “without regard to the tax policies of other States.” A great deal of the opinion hinged on the notion of the dormant Commerce Clause, which, as spelled out in the opinion, prohibits “certain state…
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Fix The Tax Code Friday: What Should We Do About The Earned Income Tax Credit (EITC)?
Warren Buffett was in the news again for suggesting that rather than raise the minimum wage, we should tackle the income gap through tax policy. Specifically, Buffett recommended modifying (likely expanding) the earned income tax credit (EITC). The EITC is a refundable federal income tax credit targeted to low to moderate income working individuals and…