Tax Law Blog | IRS Tax Attorneys
TAX LAW NEWS - TAX LITIGATION
From the category archives:
Tax changes are expected since the elect of President-elect Barack Obama and high-net-worth individuals are doing what they can to limit the damage to their bank accounts.
During his campaign, Obama said he would cut taxes for middle-class workers and that no one earning less than $250,000 would experience a tax increase. But he also said [...]
{ 0 comments }
The first annual IRS release of tax year 2006 individual income tax return statistics by selected descending cumulative percentiles classified by state is now available. This table shows statistics on income and tax by cumulative percentiles based on numbers of returns filed for each state and the District of Columbia. The information includes distributions of [...]
{ 0 comments }
George Bush will leave his successor with the highest national debt in US history, the White House announced today.
The American budget deficit is projected to reach $482bn next year, breaking the previous record high of $413bn set in 2004. White House officials blamed the sagging economy for the new deficit figure, which does not reflect [...]
{ 0 comments }
Abstract
Tax and fiscal policy will loom large in the next president’s domestic policy agenda. Nearly all of the tax cuts enacted since 2001 expire at the end of 2010 and the individual alternative minimum tax (AMT) threatens to ensnare tens of millions of Americans. While a permanent fix palatable to both political parties has proven [...]
{ 0 comments }
