Making Tax Sense

Author : M. Kevin McGee
Publisher : Rowman & Littlefield
Page : 175 pages
File Size : 40,5 Mb
Release : 2019-03-15
Category : Business & Economics
ISBN : 9781498587181

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Making Tax Sense by M. Kevin McGee Pdf

Our tax system is a mess. And the reason for that mess is, our tax system is incoherent. A well-designed tax system is like a good jigsaw puzzle: all the pieces fit together snugly, so when the whole thing is fully assembled, it forms a coherent picture. But our current tax system is disjointed, with parts that don't logically fit together. That results in inconsistencies, complexity, loopholes, and distorted incentives. We need a tax system that make sense. As this book shows however, making a traditional income tax coherent is an impossible goal. But coherence is achievable if we adjust our target, and complete the switch to a consumed-income tax -- a system that taxes all income, not when it is earned, but when that income is consumed. The move towards a consumed-income tax was begun decades ago, when we first adopted IRAs and other tax-deferred savings accounts. We just needed to complete the evolution. The book explores a variety of tax issues -- among them savings, small businesses, owner-occupied houses, and corporations -- and develops seven groups of recommended changes. These changes would result in a tax system that would be pro-growth, by eliminating the existing disincentives to saving and investment. But the tax system would also remain progressive, with the wealthy taxed as much as and perhaps even more than currently. That combination could make the recommended changes attractive to members of both parties, and might bring to a close the political seesaw in tax policy that we've experienced over that last several decades.

Author : Timothy J. Bartik
Publisher : W.E. Upjohn Institute
Page : 180 pages
File Size : 40,5 Mb
Release : 2019-10-15
Category : Political Science
ISBN : 9780880996686

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Making Sense of Incentives by Timothy J. Bartik Pdf

Bartik provides a clear and concise overview of how state and local governments employ economic development incentives in order to lure companies to set up shop—and provide new jobs—in needy local labor markets. He shows that many such incentive offers are wasteful and he provides guidance, based on decades of research, on how to improve these programs.

Author : Andrew Lyon
Publisher : Brookings Institution Press
Page : 180 pages
File Size : 51,7 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 0815708033

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Cracking the Code by Andrew Lyon Pdf

The corporate alternative minimum tax (AMT) was hailed in the Tax Reform Act of 1986 as instrumental to ensuring that tax loopholes would not permit corporations to avoid paying their fair share of tax liability. In 1995, less than ten years later, repeal of the AMT was pledged as part of the Republican Party's "Contract with America" and passed by the House of Representatives. Opponents of the AMT object that it penalizes new investment by firms and prevents the use of legitimate deductions. Its defenders tout the ability of the AMT to address public perceptions of unfairness in the tax system. At first glance, the debate over the AMT seems to be another example of the classic struggle between equity and efficiency. But, as this book reveals, there are serious flaws in the arguments used on both sides of this issue. As a result, the AMT may fail to achieve any notable equity objectives and may miss the opportunity to make significant improvements in the efficiency with which the nation's scarce capital is employed. Whether or not reforms of the AMT are ultimately enacted, the debate over the AMT raises fundamental questions of tax policy that will persist: Who benefits from tax subsidies? How much should the tax code be used to direct resources in the economy? If corporate taxes are ultimately borne by individuals, how do corporate tax provisions affect fairness? Andrew Lyon opens these topics up to a wide audience, presenting new data on the impact of the AMT, and offering suggestions for future policy reform. He argues that the legislative desire to respond to an apparent inequity should be channeled into considering whether there are efficiency reasons for reducing the tax advantages observed. The best solutions to these considerations, he contends, are not found in a minimum tax.

Author : Robert L. Ascah
Publisher : Athabasca University Press
Page : 238 pages
File Size : 54,7 Mb
Release : 2022-06-03
Category : Political Science
ISBN : 9781771992978

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A Sales Tax for Alberta by Robert L. Ascah Pdf

The days of buoyant capital investment, jobs, and wealth are passing Alberta by as the boom-and-bust cycle runs its course and the global climate crisis becomes more acute. As the province scrambles to boost the dying oil economy and curb spending, one solution is all but ignored—a sales tax. In this collection, Alberta scholars and policy experts map out why and how a provincial sales tax can and should be implemented. They examine energy revenues, household incomes, and political support as well as opportunities for improving democracy and reducing the volatility of government revenues. Finally, this volume offers recommendations on structuring a consultative review process to improve Alberta’s long-term fiscal sustainability. Contributions by Ergete Ferede, Ian Glassford, Kenneth J. McKenzie, Melville McMillan, Elizabeth Smythe, and Graham Thomson.

Author : Doug Collins
Publisher : Unknown
Page : 0 pages
File Size : 54,8 Mb
Release : 2023-02-09
Category : Electronic
ISBN : 177729522X

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The Home-Based Business Guide to Write Off Almost Anything by Doug Collins Pdf

93% of small businesses miss out on significant tax savings. It's a shame to pay more income than necessary. Don't let yourself be one of them. Get the book and start maximizing your tax write offs and keep more of your hard-earned money.

Author : Iain Wallis
Publisher : Unknown
Page : 88 pages
File Size : 49,8 Mb
Release : 2016-04-14
Category : Electronic
ISBN : 153095911X

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Essential Tips to Avoid Property Taxes by Iain Wallis Pdf

Since the July 2015 Budget, the Chancellor continues to throw challenges at UK Buy to Let investors. Clause 24 restricting the availability of interest tax relief, the abolition of the 10% wear and tear allowance, changes to stamp duty and dividends are causing significant tremors in the BTL sector. This book builds on Iain's Amazon #1 Bestseller Legally Avoid Property Taxes which includes fifty-one tax tips that you should be aware of to legally avoid tax - whether you do your own self-assessment returns or pass everything over to your accountant. I want to make absolutely sure that you've not left any money on the HMRC table. This book is a review of what significant changes have been brought about by the 2015 Budget, how you can make sense of these changes and what you can do to lessen the impact of direct taxation on your property portfolio. The 2015 budget, wherever you are on your property journey, has made changes that will impact on you and I want to make sure that you don't just stumble across them. Armed with the correct knowledge, they can be dealt with. How you a property investor deal with these significant changes as with anything in life will determine your success in property. For some there will be massive short term pain that may require a complete review of why they invest in property, but through that pain may come clarity and long term gain, some part time landlords may choose to exit the market and for others a bit of tweaking will be all that is required. You to be aware of the pain that taxation can cause you - because when you are aware of that pain you take action. But then you knew that anyway, didn't you? To avoid tax requires careful planning but, above all, it requires you to take action. In this book you will learn how the tax changes will impact on you and how you can prepare yourself to deal with them. You will gain clarity on the great debate: should I put my property in a limited company. Above all you will arm yourself with all the knowledge to continue to invest in property to legally avoid property taxes and so protect and increase your wealth.Iain Wallis has created a niche accountancy and tax practice that deals solely with high net worth individuals delivering sound tax advice and tax strategies that avoid and thus save thousands and in some cases hundreds of thousands of pounds in tax. He prides himself on his down to earth manner and the ability to make tax fun. Here's just one Amazon verified review on his fisrt book "Iain Wallis really knows his stuff (vital info on avoiding property taxes, claiming what is legally allowed) and explains it in a clear, entertaining and succinct way. Really like the use of case studies throughout the book too. A *must buy* for all property investors and entrepreneurs like us!"

Author : Charles A. Dainoff
Publisher : Rowman & Littlefield
Page : 191 pages
File Size : 46,9 Mb
Release : 2021-08-18
Category : Business & Economics
ISBN : 9781793619921

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Outlaw Paradise by Charles A. Dainoff Pdf

In Outlaw Paradise, the author argues that countries become tax havens as a conscious economic development strategy. These countries do not have the natural resources or the population to pursue more traditional economic development strategies, but they do have the ability to write and implement laws that create a virtual resource: banking secrecy. These countries are able to carry out this strategy because they tend to be well-governed, stable, and relatively wealthy, making them attractive partners for the international banking, legal, and accounting firms that drive offshore finance. The qualities tax havens possess also enable them to calculate that the benefits they reap from pursuing this strategy outweigh any penalties assessed by anti-tax haven international collective action activities, such as the naming and shaming campaigns of 2000 and 2009. The author argues that, while the tax havens seem to be complying with the campaigns from a juridical standpoint, actual financial behavior is unaffected. The author further argues that this outcome is predetermined given the nature of international regimes and the history of the concept of sovereignty, as well as tax haven relationships to both. Finally, Outlaw Paradise offers policy prescriptions and surveys recent developments resulting from the Panama Papers.

Author : Celia Ross
Publisher : American Library Association
Page : 265 pages
File Size : 53,8 Mb
Release : 2020-07-15
Category : Language Arts & Disciplines
ISBN : 9780838919422

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Making Sense of Business Reference by Celia Ross Pdf

This is the guide to keep at your side when serving business students, job-seekers, investors, or entrepreneurs in your library.

Author : Andrew B. Lyon
Publisher : Brookings Inst Press
Page : 156 pages
File Size : 44,5 Mb
Release : 1997
Category : Business & Economics
ISBN : 0815753241

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Cracking the Code by Andrew B. Lyon Pdf

Andrew Lyon presents new data on the impact of the corporate alternative minimum tax (AMT), and offers suggestions for future policy reform. He argues that the legislative desire to respond to an apparent inequity should be channeled into considering whether there are efficiency reasons for reducing the tax advantages observed.

Author : Barbara Weltman
Publisher : John Wiley & Sons
Page : 729 pages
File Size : 48,8 Mb
Release : 2019-11-11
Category : Business & Economics
ISBN : 9781119595212

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J.K. Lasser's Small Business Taxes 2020 by Barbara Weltman Pdf

Maximize your bottom line with the nation's most trusted small business tax guide J.K. Lasser's Small Business Taxes 2020 is the small business owner's ultimate guide to a money-saving, stress-free tax season. Providing straightforward advice from the nation's most trusted tax expert on small business taxes, this book gives you the answers you need quickly, with clear, concise guidance. Updated to cover changes from the Tax Cuts and Jobs Act and other legislation, this edition also includes an e-supplement covering additional developments from Congress and the IRS to keep you fully up-to-date. A complete listing of all available business deductions and credits helps you identify those you qualify for, and includes critical information on dollar limits, recordkeeping requirements, and how to actually take the write-off—all the way down to the IRS form to use. Organizational and planning strategies help you get through the process quickly and with fewer headaches, and this year's changes to the tax laws are explained in terms of how they affect your filing. Keeping up with the intricacies of tax law and filing is a full-time job—but it's not your full-time job. You have a business to run. This book gives you the guidance you need in the time that you have so you can get taxes out of the way and get back to work. Learn which expenses qualify for deductions—and which ones don't Adopt a more organized recordkeeping system to streamline the filing process Explore small-business-specific strategies for starting or closing a business, running a sideline business, and operating in multiple businesses Decode the various forms and worksheets correctly with step-by-step guidance Audit-proof your return Review obligations for the “other taxes,” including payroll and excise taxes Every year, millions of small business owners overpay their taxes because they lack the time and expertise to make tax-sensitive business decisions throughout the year only to learn that it’s too late to act when it comes to tax time. Now you can put your money back where it belongs—in your business. J.K. Lasser's Small Business Taxes 2020 helps you take wise actions during the year and tells you how to file completely and accurately while maximizing your bottom line.

Author : Barbara Weltman
Publisher : John Wiley & Sons
Page : 720 pages
File Size : 44,8 Mb
Release : 2018-11-16
Category : Business & Economics
ISBN : 9781119511502

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J.K. Lasser's Small Business Taxes 2019 by Barbara Weltman Pdf

Maximize your bottom line with the nation's most trusted small business tax guide J.K. Lasser's Small Business Taxes 2019 is the small business owner's ultimate guide to a money-saving, stress-free tax season. Providing straightforward advice from the nation's most trusted tax expert on small business taxes, this book gives you the answers you need quickly, with clear, concise guidance. Updated to cover changes from the Tax Cuts and Jobs Act and other legislation, this edition also includes an e-supplement covering additional developments from Congress and the IRS to keep you fully up-to-date. A complete listing of all available business deductions and credits helps you identify those you qualify for, and includes critical information on dollar limits, recordkeeping requirements, and how to actually take the write-off—all the way down to the IRS form to use. Organizational and planning strategies help you get through the process quickly and with fewer headaches, and this year's changes to the tax laws are explained in terms of how they affect your filing. Keeping up with the intricacies of tax law and filing is a full-time job—but it's not your full-time job. You have a business to run. This book gives you the guidance you need in the time that you have so you can get taxes out of the way and get back to work. Learn which expenses qualify for deductions—and which ones don't Adopt a more organized recordkeeping system to streamline the filing process Explore small-business-specific strategies for starting or closing a business, running a sideline business, and operating in multiple businesses Decode the various forms and worksheets correctly with step-by-step guidance Audit-proof your return Review obligations for the “other taxes,” including payroll and excise taxes Every year, millions of small business owners overpay their taxes because they lack the time and expertise to make tax-sensitive business decisions throughout the year only to learn that it’s too late to act when it comes to tax time. Now you can put your money back where it belongs—in your business. J.K. Lasser's Small Business Taxes 2019 helps you take wise actions during the year and tells you how to file completely and accurately while maximizing your bottom line.

Author : Barbara Weltman
Publisher : John Wiley & Sons
Page : 724 pages
File Size : 45,8 Mb
Release : 2017-09-26
Category : Business & Economics
ISBN : 9781119380405

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J.K. Lasser's Small Business Taxes 2018 by Barbara Weltman Pdf

Maximize your bottom line with the nation's most trusted small business tax guide J.K. Lasser's Small Business Taxes 2018 is the small business owner's ultimate guide to a money-saving, stress-free tax season. Providing straightforward advice from the nation's most trusted tax expert on small business taxes, this book gives you the answers you need quickly, with clear, concise guidance. Updated and expanded to cover new and changing tax law, this edition also includes an e-supplement covering the latest developments from Congress and the IRS to keep you fully up-to-date. A complete listing of all available business deductions and credits helps you identify those you qualify for, and includes critical information on dollar limits, recordkeeping requirements, and how to actually take the write-off—all the way down to which line on which form. Organizational and planning strategies help you get through the process quickly and with fewer headaches, and this year's changes to the tax laws are explained in terms of how they affect your filing. Keeping up with the intricacies of tax law and filing is a full-time job—but it's not your full-time job. You have a business to run. This book gives you the guidance you need in the time that you have so you can get taxes out of the way and get back to work. Learn which expenses qualify for deductions—and which ones don't Adopt a more organized recordkeeping system to streamline the filing process Explore small-business-specific strategies for starting or closing a business, running a sideline business, and operating in multiple businesses Decode the various forms and worksheets correctly with step-by-step guidance Review obligations for the 'other taxes,' including payroll and excise taxes Every year, millions of small business owners overpay their taxes because they lack the time and expertise to make tax-sensitive business decisions throughout the year only to learn that it's too late to act when it comes to tax time. Now you can put your money back where it belongs—in your business. J.K. Lasser's Small Business Taxes 2018 helps you take wise actions during the year and tells you how to file completely and accurately while maximizing your bottom line.

Author : Joseph J. Minarik
Publisher : M.E. Sharpe
Page : 252 pages
File Size : 42,7 Mb
Release : 1990-03-11
Category : Business & Economics
ISBN : 0765633000

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Making America's Budget Policy by Joseph J. Minarik Pdf

Author : Eric Tyson
Publisher : John Wiley & Sons
Page : 343 pages
File Size : 44,9 Mb
Release : 2024-04-30
Category : Business & Economics
ISBN : 9781394245727

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Reducing Your Taxes For Dummies by Eric Tyson Pdf

Get year-round insight on reducing tax burdens This book walks you through the best strategies for reducing your personal tax burden and keeping more dollars in your pocket. If you plan and manage your finances all year round, tax season can be a cakewalk. Reducing Your Taxes For Dummies offers tips on maximizing your deductions, minimizing your income tax, and hunting for breaks on investment, real estate, and business income tax. Written by Dummies financial guru Eric Tyson (Personal Finance For Dummies, Taxes For Dummies), this guide explains tax basics, savings plans, retirement accounts, and myriad ideas for reducing your personal tax burden. Understand filing status, child tax credits, alternative minimum tax, IRS audits, and beyond Avoid common tax mistakes and identify all your possible deductions Plan and invest in a tax-wise way throughout the year Make the most of your retirement accounts and savings plans Keep your hard-earned cash with Reducing Your Taxes For Dummies. It's full of year-round opportunities for reducing your tax burden and paying less in taxes each year.

Author : Eric Tyson,Margaret A. Munro,David J. Silverman, EA
Publisher : John Wiley & Sons
Page : 555 pages
File Size : 43,8 Mb
Release : 2008-01-07
Category : Business & Economics
ISBN : 9780470280126

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Taxes 2008 For Dummies by Eric Tyson,Margaret A. Munro,David J. Silverman, EA Pdf

"The best of these books for tax novices." —Worth magazine Can a fantastic tax-prep guide actually make doing your taxes fun? Probably not, but you'll have a lot more fun doing your taxes with the help of Taxes 2008 For Dummies than you would without it. This uncommonly friendly tax guide weaves you through the tax-filing maze, walking you line by line through the most common forms for fast, easy filing. Fully updated for 2008, including details on Alternative Minimum Tax relief, enhanced child tax benefits, and deductibility of mortgage insurance premiums, this indispensable handbook also a new list of wise end-of-year moneysaving tax moves. You’ll discover how to: Organize your records and keep them organized Choose your filing status Save time and money filing your taxes Itemize your deductions with Schedule A Take full advantage of Schedule C deductions Determine your capital gains and losses Negotiate with the IRS Use tax credits to reduce what you owe Make tax-wise personal finance decisions Maximize your tax software and e-filing options Audit-proof your tax return Make sure you don't pay for IRS mistakes Complete with four Top Ten tip lists covering audit avoidance, finding overlooked tax-reduction opportunities, interview questions for tax advisers, and special tax issues for military families, Taxes 2008 For Dummies may not make you laugh while your filling out your tax forms, but you'll smile when your done.