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The Medical Device Tax: House Republicans Are…Right?
Amid all of the bad ideas floated by House Republicans during the shutdown fight, one seemed to actually be pretty good: repealing the medical device tax.
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What’s Prolonging the Shutdown? You Guessed it: Taxes.
This shutdown was supposed to be about Obamacare - but like every major showdown in Washington these days it appears to be all about taxes.
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Federal Shutdown Cripples D.C. – Your State Might be Next
Federal funds make up a quarter of the District of Columbia’s local budget every year; Without them, the D.C. government would likely be incapable of issuing tax refunds to individuals and businesses....
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Shutdown Ends, Tax War Begins Again
As House Speaker John Boehner backed down on the debt ceiling and partial government shutdown, he was already focusing on the next battle with Democrats—taxes. The country may have averted disaster on...
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The Year in Review: Time to Celebrate the Biggest Tax Mishaps of 2013!
The Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution, has announced its seventh annual Lump of Coal Award for the worst tax and fiscal policies of 2013. The year...
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Uncle Sam is Coming after the American Athletes in Sochi
“Taken together – the tax on Olympic athletes and the tax on income earned abroad – it can be said the U.S. has officially ‘earned the Gold’ for having one of the most backwards and illogical tax codes...
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U.S. Government Is Spending and Taxing the Same As It Did 40 Years Ago
Interestingly, the United States government’s federal taxing and spending, as percentage of the country’s GDP, has been nearly similar in the last four decades, as seen in the two graphs below. In...
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Employers Beware: You Better Not Fire Your Employees Because of the New...
Yesterday, President Obama did an interview with comedian Zach Galifianakis, on his show “Between Two Ferns,” where he tried to rally some much-needed support for Healthcare.gov. Surprisingly, the...
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Frank Underwood is Shmoozin’ for More Tax Credits
“It’s business. [The production company] is trying to get the most they can get for their company and to make it productive for them to be here and advantageous so I can’t say I blame them,” said state...
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Reporting Foreign Assets: Answers to Your Top Questions
We’ve invited Brian Wynne of Bond Beebe, a Maryland Accounting Firm, to share some insights on FATCA in light of the upcoming June 30 deadline. For more great posts on taxes, estates, accounting, and...
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