I know I shouldn't be surprised. After almost three decades of serious Capitol Hill watching, including views from inside several House and Senate office buildings, I've witnessed a lot of curious inept jaw-droppingly stupid dubious Congressional actions.
But the Senate's decision yesterday to let the estate tax expire is [...]
When the Iowa film tax credit scandal exploded in September, it raised an obvious question: were the other 30-odd Iowa economic development tax credits managed any better than the film credit?
The answer: maybe not. The Des Moines Register reports:
A Des Moines Register review of some of the state's' [...]The New Economics Foundation challenges one of the most fundamental tenets of conventional economics today – that the price of something can be equated to its worth. It does so by l;lloking at the worth of various jobs, and compares that worth with what people are paid to do these [...]
Dell chumps North Carolina, reports David Brunori at Tax.com:
Curious development in North Carolina. Apparently, Dell Inc., the giant computer manufacturer is refusing to pay the state back money it recieved as incentive. Dell, as many know, received millions of dollars in tax breaks and direct grants from North [...]I’ve just read the draft legislation on this, available here. It’s good.
It covers obvious tricks e.g. disguised employments and loans. It also has a very targeted anti-avoidance provision. The definition of a bank works – as does that of an employee, I suspect.
But the real sting in the tail [...]
We're more than 90% done with 2009. What you do with the remaining 10% can have a lot to do with how happy you will be when taxes come due in April. Some items for your game plan:
Look at the scoreboard. You need to see what your taxable income' [...]
