Liqour Taxes | How High Are Distilled Spirits Taxes in Your State?
June 16, 2021
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TweetShareSharePin0 Shares Of all alcoholic beverages subject to taxation, stiff drinks—and all distilled spirits—face the stiffest tax rates. Ostensibly, this is because distilled spirits (liquor) have higher alcohol content than the other categories, like wine and beer. This round of information is on us, so help yourself
Can the Taxpayer Bill of Rights Assist in Overturning a Criminal Conviction?
June 16, 2021
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TweetShareSharePin0 Shares No. That’s the short answer. We have written before about ability, or lack of ability, of the Taxpayer Bill of Rights (TBOR) to protect someone from IRS action or inaction that the taxpayer views as a violation of TBOR here, here and
Progressives Vie For Attention | Tax Policy Center
June 16, 2021
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TweetShareSharePin0 Shares If progressives drive bipartisan infrastructure talks off course, where will they go instead? Politico reports on congressional progressive lawmakers who oppose the current bipartisan infrastructure negotiations. Sens. Jeff Merkley and Ed Markey, joined Sen. Bernie Sanders in opposing the nascent plan and
Tracking 2021 Tax Plans
June 16, 2021
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TweetShareSharePin0 Shares Tracking the 2021 Biden Tax Plan and Federal Tax Proposals Taxes are once again at the forefront of the public policy debate as legislators grapple with how to fund new infrastructure spending, among other priorities. The Biden Administration has proposed about $4
Biden Budget Proposals: Details & Analysis
June 16, 2021
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TweetShareSharePin0 Shares Launch Resource Center: President Biden’s Tax Proposals The Biden administration’s proposed American Jobs Plan (AJP), American Families Plan (AFP), and fiscal year 2022 budget would increase federal spending by about $4 trillion over 10 years, including $1.7 trillion for infrastructure, partially funded
Donating An Automobile To Charity? Don’t Forget The Tax Deductions!
June 16, 2021
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TweetShareSharePin0 SharesDonating An Automobile To Charity? Don’t Forget The Tax Deductions! When donating an automobile to charity, you’ll want to think about tax deductions. According to Publication 4303, the Internal Revenue Service (IRS) and state charity officials provide general guidelines for donations. In the
Discover How To Beat The I.R.S. With A Student Loan Interest Tax Deduction
June 15, 2021
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TweetShareSharePin0 SharesDiscover How To Beat The I.R.S. With A Student Loan Interest Tax Deduction Even though many taxpayers are able to claim merchandise, charitable contributions, or the use of a particular service on their income tax returns there are a lot who do not.
Pro Publica’s Billionaires: Stories Behind the Story
June 15, 2021
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TweetShareSharePin0 Shares Pro Publica’s recent story about the small amount of tax paid by many of the nation’s billionaires has focused new attention on what critics say is the unfairness of our tax system. It also raises important questions about how we use, misuse,
Expensing Is Infrastructure, Too | Tax Foundation Analysis
June 15, 2021
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TweetShareSharePin0 Shares The Biden administration has suggested several tax increases for his infrastructure plan. Public infrastructure can help increase economic growth, but by raising taxes on private investment, the net effect on growth may be negative. However, tax options like retaining expensing for private
Retirement Savings: Securing a Strong Retirement Act
June 15, 2021
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TweetShareSharePin0 Shares Lawmakers have proposed three retirement savings bills to expand access and simplify certain rules for retirement savers and employers, but each version would fall short of comprehensive reform. The proposals would build on the improvements made by the SECURE Act of 2019
