Newsletters | January 2012
Citizens for Tax Justice argues for higher taxes on investments
Citizens for Tax Justice (CTJ) has proposed changes to the tax code combining a surtax for incomes exceeding $1 million and a higher tax rate for capital gains and dividends resulting from investment.
Small businesses concerned by corporate income tax report
Many small business owners and supporters are concerned about call for higher tax rates on businesses, according to The Huffington Post.
Capital gains taxes linked to greater income inequality
In a report which may play an important rule in upcoming tax reform debates, researchers say that capital gains taxes played a significant role in the widening of the income divide.
Rick Santorum's tax plan now drawing attention
With his unexpectedly strong showing in recent polls, the tax proposals of Rick Santorum are now being examined more closely, and might have a significant impact on day trading companies if they were to go into effect.
Experts concerned about expense of Santorum's tax plan
Economists evaluating presidential candidate Rick Santorum's proposed tax plan indicate it would increase the federal deficit significantly, Reuters reports.
Mixed assessments of Romney tax structure
A recent assessment of presidential candidate Mitt Romney's proposed tax plan by the Tax Policy Center indicates its implementation would cut federal revenue by $600 billion in 2015, according to Reuters.
Gift tax fact and fiction
The gift tax is the subject of a number of myths and misconceptions, according to Forbes, which can mislead taxpayers as they prepare to file their tax returns.
Debate continues over proposed financial transactions tax
According to The Huffington Post, the Joint Tax Committee has indicated that the 0.03 percent tax on financial transactions proposed under the Wall Street Trading and Speculators Tax Act could raise more than $350 billion over the course of nine years.
Financial transactions tax loses momentum
It appears unlikely the European Union or even the countries using the euro will pass a financial transactions tax, The Wall Street Journal reports, despite support from prominent government officials.
Tax changes affecting self-employed
Self-employed individuals should be prepared for several factors which may affect their tax filings during the 2011 tax season, according to the National Association for the Self-Employed (NASE).
IRS caught between limited budget, increased responsibilities
Funding cuts and a heavier workload are preventing the IRS from effectively discharging its responsibilities, according to the annual report from National Taxpayer Advocate Nina Olson.
Experts consider future of estate planning
Estate tax planning in the last 11 years has been complicated by volatile regulations, according to a report by experts with the National Association of Estate Planners and Councils (NAEPC).
New tax forms await traders this year
As day trading companies begin gathering up their tax records for the past year in preparation for tax filing season, new procedures await this year.
Tax returns may significantly impact presidential debate
Many presidential candidates have experienced unpleasant consequences from releasing their tax returns, The Associated Press reports.
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