by Arthur Geffen | Aug 10, 2011 | Estate Tax
On August 5, 2011, the IRS published long-awaited guidance for executors of estates of people who died in 2010. Notice 2011-66 explains how these executors can opt out of the estate tax, and Revenue Procedure 2011-41 explains the special tax rules that apply to...
by Arthur Geffen | Aug 9, 2011 | Income Tax
The business tax overhaul that Gov. Rick Perry and fellow GOP leaders championed in 2006 as a fix for the school finance system is now under attack in the Texas Supreme Court — as an unconstitutional state income tax. Suit Alleges Perry Approved...
by Arthur Geffen | Aug 9, 2011 | Income Tax
Obama should veto any ‘Gang of 12’ plan that doesn’t effectively repeal Bush high-income tax cuts Daily Kos: Obama should veto any ‘Gang of 12’ plan that doesn’t effectively repeal Bush high-income tax cuts
by Arthur Geffen | Jul 29, 2011 | Income Tax
You may have heard the claim that about half of Americans pay no federal income tax. That’s a true fact. My Tax Policy Center colleagues estimate, for example, that 46% of households either will pay no federal income tax in 2011 or will receive more from the...
by Arthur Geffen | Jul 14, 2011 | Income Tax
In the past few days, as our dysfunctional government pushes us ever closer to defaulting on our obligations, we’ve taken a look at government spending and historical tax rates. The Republicans are right that today’s level of government spending...
