Whether rates are high or low, evidence shows our tax system won’t collect more than 20% of GDP. By David Ranson – Wall Street Journal The Greeks have always been trendsetters for the West. Washington has repudiated two centuries of U.S. fiscal prudence as prescribed by the Founding Fathers in favor of the modern Greek [...]

by Neil deMause, contributing writer NEW YORK (CNNMoney.com) — An all-but-overlooked provision of the health reform law is threatening to swamp U.S. businesses with a flood of new tax paperwork. Section 9006 of the health care bill — just a few lines buried in the 2,409-page document — mandates that beginning in 2012 all companies [...]

By Brett Ferguson and Jonathan Nicholson Publication date: 04/29/2010 – from the Bureau of National Affairs, Inc. The Senate Budget Committee-approved budget resolution does not make room for dividends tax rates to continue to be tied to capital gains rates after 2010, raising questions among some lawmakers about whether Democrats intend to allow the top [...]

How To Not Get Audited By The IRS With increased computer power and more money for staff from the Obama administration, the IRS is gearing up to intensify its audits of individual taxpayers. High income alone is far from the only factor triggering an audit: Last year only 6.4% of the nation’s 440,000 highest-income filers [...]

Now that we have passed the Health Care Reform Bill that was scored by the CBO to say it is not going to increase the deficit and over the long  term actually reduce the deficit, Congress is now floating the idea of a VAT, a Value Added Tax, like Europe. To me this is an [...]

This book was copyrighted in 1993 but couldn’t be more contemporary. Adams gives us a tour of taxation in world  history and its impact on civilization. Good tax policy causes societies to prosper and grow, bad tax policy brings down civilizations. It happens over and over. It would be wonderful if we could learn from [...]

This article explains in clear terms why a higher tax rate will usually result in fewer taxes being paid into the U.S. Treasury. Wouldn’t it be better if we had lower tax rates and actually collected them than higher rates that we don’t collect? Here’s what Forbes’ Christopher Helman found: What The Top U.S. Companies [...]

The IRS issued its 2010 “dirty dozen” tax scams, including return preparer fraud, hiding offshore income and phishing.

Businesses and individuals making 2009 contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following… IR-2009-114, Dec. 8, 2009 WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have [...]

It is the season of giving and I think it is wise to give as wisely as possible. Cash is often not the most effective thing to give. Appreciated securities are a more efficient choice. I know the thought is that the market is down, how could there be appreciated securities out there? Well, you [...]