Come on! You’ve been given much more time.
Because the 15th of April fell on a Sunday, the normal scheme of things would be that yesterday would have been the day to file your taxes. Except the IRS relies on Andover (MA) to process a bunch of electronically filed forms. And, the 16th of April was Patriot’s Day.
You do realize that we haven’t raised our gas taxes in forever, right? And, most (OK, 30+%) of the Highway Trust Fund comes from the fees truckers pay. If we add in all the fees truckers pay (state and federal), the total approaches the halfway point, for sure.
Continue reading A different kind of tax computation
This is one of those hidden gems. One I missed when I read the Tax Cuts and Jobs Act. (Now you know why my monograph on the law hasn’t been published yet. I’m still re-reading the verbiage to see if there are other “gems” (a.k.a. fecal deposits) hidden between the lines.)
Continue reading @#%$ ME!!!!!!!
We’re following up on Friday’s post (the third in this group of four posts), where we began discussing this vehicle. A well-defined revocable living trust covers three phases of the Settlor’s life: his or her productive lifetime, possible incapacitation, and what happens after his or her death.
I admit it. We’re in trouble.
Now that I’m saying that- you are in trouble, too. As a matter of fact, every business, every entrepreneur, every solopreneur is in trouble.
Continue reading This was a 22 Skidoo!
I told you that the Tax Cut and Jobs Act (sic) was partly created (or maneuvered) as political retribution by the GOP against those states that don’t vote their way. (Here’s but one example.) Which was the driving force behind the plot to outlaw State and Local Tax (SALT) deductions of $ 10,001 or more. Which would allow the U.S. Treasury collect some $ 650 billion more over the 8 years that this restriction is in effect. (The personal tax rate changes under this Act expire in 2026.)
Continue reading Point/Counterpoint
Today, we wrap up our discussion of the changed IRS code, the changes made by the Tax Cuts and Jobs Act (sic). The series started last Wednesday or Thursday, where we discussed personal tax provisions of the law. On Monday, we started discussing the business tax provisions. And, now some 6000 words later, we are completing the changes in the bill.
Continue reading PL 115-97. The Business Portion, Part 3
Here’s the preamble to the series…
https://www.adjuvancy.com/wordpress/tax-cuts-jobs-act-lie/
Continue reading HR-1: From beginning to the end. (Hopefully not OUR end, though)
We are continuing the exploration of the proposed new tax law. Parts 1 and 2 covered individual taxation issues. (There was a preamble, as well.) Yesterday, we started our discussion of what may happen to business taxes.
Don’t you just love it that when the Democratic Party is in power, all the GOP can discuss is the increasing debt. And, once the GOP takes power, they forget all about the debt and suggest a tax reduction for the rich that will add trillions of dollars to our debt and render the budget inflows to be a small percentage of the budget outflows.
Continue reading What Can We Do About Taxes?
