2012 Tax Relief Act Hammers Certain Trusts
Like many of the provisions of the 2012 Tax Relief Act that flew under the media radar, one aspect is particularly troubling.To the casual observer, they were aware that for [...]
2013 Tax Surprise–Everyone Pays More
While the media focused myopically on the impending changes in tax rates as part of the fiscal cliff negotiations, scant attention was given to the scheduled and automatic expiration of [...]
Is the New $450,000 Threshold of “Increased” Taxes Political Fiction?
From the Wall Street Journal, Under the new law, some of the steepest tax increases may fall on upper-middle class earners with incomes just above $250,000....A store manager married to [...]
Putting the Fiscal Cliff Negotiation Into Perspective: Increased Taxes and Spending
Although politically palitable for some politicians, the end-result of the fiscal cliff negotiations was to increase taxes AND spending.
Senate Passes Tax Bill To Avert Fiscal Cliff-Now Up to the House
After midnight last night the Senate passed a tax bill in an effort to avert the fiscal cliff. In short, those joint filers making over $450K will have their top [...]
Remembering Robert Bork
Robert Bork died this morning at the age of 85. He was nominated by Ronald Reagan to serve as a Justice of the US Supreme Court but faced fierce opposition [...]