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Tax Collection & Taxpayer Rights in the Post-COVID World

TweetShareSharePin0 Shares On May 18-20, 2022, the Center for Taxpayer Rights will be convening the 7th International Conference on Taxpayer Rights, once again in a virtual online format.  We are very excited about this year’s conference, which will focus on an under-studied area of tax administration, namely the actual collection of tax.  I have always

The Many Ways To Tax The Rich

TweetShareSharePin0 Shares How to tax the rich? Let us count the ways. New taxes on capital income? Higher income tax rates? A wealth tax? Some mash-up of all these ideas? All aim to raise taxes on the very rich, driven by the twin desires to boost revenue and address growing wealth inequality. But while these

Sustainable Tax Reform a Win for Mississippians

TweetShareSharePin0 Shares Mississippi lawmakers entered the 2022 legislative session with the motivation and resources to implement income tax reductions and, despite stark contrasts in approach, concluded by delivering meaningful relief for taxpayers. The Mississippi Tax Freedom Act of 2022 (HB 531) began the session as an effort to totally repeal the individual income tax, a

Biden Minimum Tax on Billionaires Unrealized Capital Gains

TweetShareSharePin0 Shares This week, President Biden introduced a new tax proposal as part of the White House fiscal year 2023 budget to raise taxes on households with net wealth over $100 million. The proposal would require wealthy households to remit taxes on unrealized capital gains from assets such as stocks, bonds, or privately held companies.

Colorado Flavored Tobacco Ban Tax Analysis

TweetShareSharePin0 Shares A bill that would prohibit the sale of flavored tobacco and nicotine products, HB22-1064, is moving through the Colorado legislature, which undoubtedly would have a significant impact on the revenue from taxes levied on those products. Flavored tobacco and nicotine products make up a significant portion of the market: over 20 percent of

Challenging Levy Compliance

TweetShareSharePin0 Shares The IRS regularly issues levies to banks and to employers.  Taxpayers subject to the levy have almost no way to stop the levy by suing the party receiving the levy.  Similarly, the party receiving the levy has almost no way to avoid making payment on the levy without running into trouble.  We have

Billionaire minimum tax could pose difficulties

TweetShareSharePin0 Shares The so-called billionaire minimum tax contained in President Joe Biden’s fiscal year 2023 budget proposal rests on novel and largely untested premises and tax principles, some tax experts said Tuesday. The minimum tax was described in the president’s budget as necessary to counterbalance wealthy taxpayers’ ability to reduce their tax rates below those
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