There are rumors circulating around the country that the Congressional Super Committee may take action that would immediately repeal the $5 million gift tax exemption by Thanksgiving. This is sending countless tax lawyers and accountants scurrying to complete gift planning that … [Read more...] about The Gift Tax and the Super Committee
The Alternative Minimum Tax (“AMT”) presents hardships to the practitioner as well as the taxpayer who prepares his own return by, as its name implies, imposing a second tax calculation mechanism on taxpayers. It serves virtually no useful purpose, other than the raising of an … [Read more...] about AMT: Is it Necessary?
In an Op-Ed to the Washington Times last week (Stop Exporting American Jobs 8/23/11) Rep. Duncan Hunter assiduously notes that very little is being said about jobs moving overseas but he fails to point out the obvious reason why: our government policies are the driving force … [Read more...] about Duncan Hunter Misses It On Missing Businesses
A recent Op-Ed in the New York Post by John Faso, discusses the shrinking population in New York State and its implications for the future. Faso surmises that New Yorkers are fleeing the state -- most famously Rush Limbaugh -- because of high taxes and dismal job prospects. … [Read more...] about Wake Up, New York
You can't make this stuff up. This Democrat temper tantrum was reported by RollCall. "Following several hours of floor speeches hammering the GOP, a handful of Democrats including Sens. Bob Menendez (N.J.), Charles Schumer (N.Y.), Debbie Stabenow (Mich.),Claire McCaskill … [Read more...] about Tax Cuts = Terrorism?