It’s Fix the Tax Code Friday! There’s been lots of discussion about the gas tax over the past few months, including on this blog. Today, we paid nearly $4/gallon to fill the tank of our Subaru Forester. It totaled nearly $50. A reprieve from the federal gas tax (18.4 cents per gallon) would have saved…
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! The IRS has become more aggressive during this election year about enforcing the prohibition against politicking by tax exempt organizations. To date, the IRS has made inquiries into charitable organizations who have supported or opposed candidates including Obama, Romney and Huckabee. Is this good policy – or is the…
Following up on my post from earlier in the week, I’m curious to know who you think should get the tax rebates (assuming that they’re really happening, which is a pretty good assumption). So, today’s Fix the Tax Code Friday question is: Should every taxpayer who pays income tax be entitled to the rebate, or…
It’s Fix the Tax Code Friday! Amid rumors of a recession, there are whispers about bringing back the advanced tax credit a la 2001. Remember when taxpayers received those checks in the mail for a hundred dollars before the end of the year? Why not do it again? The thinking is that it might stimulate…
Taking a page from Pennsylvania’s play book (resulting in JoePa’s salary making headlines), I wonder: Should universities (as tax exempt entities) be required to disclose the salaries of all of their employees? If not, should there be a dollar amount over which salaries should be disclosed? Would such disclosure influence your desire to donate?
Following up on my post yesterday, today’s Fix the Tax Code Friday question is: Do you think that the IRS should be allow to select which providers offer electronic tax filing?
My recent post about an Offer in Compromise (where a taxpayer pays less than their existing liability as part of a deal) gone bad is in stark contrast to a rosier picture painted by CBS News. CBS seems to imply that offers are a bad idea because they reward those with outstanding tax liabilities by…
So following up on yesterday’s post about the proposed tax relief for debt cancellation related to foreclosures, I wonder, “Is it fair?” Today’s Fix the Tax Code Friday question is: Should Congress offer tax relief to those who are affected by the housing market (those in foreclosure)? Should Congress offset the lost revenue by limiting…
Some members of Congress have proposed a “war tax” to fight the increasing costs of the wars in Iraq and Afghanistan. Opponents are crying “no more taxes” while others scramble to reconcile a budget spiraling out of control. So today’s question is: Should Congress impose a war surtax in order to pay for the war?…