The island, which does not have any income tax, is introducing a property tax this year.
The tax cut eliminates the federal estate tax in tortured stages over the next nine years.
On a tax-equivalent basis, the munis were paying 5.7% for folks in the 30% tax bracket.
An international drive against tax evasion and the use of tax havens has been picking up steam.
Ready for how simple filing a tax return under the Flat Tax Act is?
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One advantage of good tax policy is that more income usually means a bigger tax base.
Tax Freedom Day 2012 arrived on April 17 this year, according to the Tax Foundation.
Funded with after-tax money, so there is no tax break at the time of contribution.
The fiscal plan is actually a mix of small-bore tax cuts and tax increases.
All of this is what my Tax Policy Center colleague Gene Steuerle long-ago dubbed tax deform.
Still, these surreptitious ways of masking tax increases are troublesome from a tax planning perspective.
Some in Washington argue that letting tax relief expire is not a tax increase.
Labour would have avoided this summer storm over tax if it had not reverted to tax-and-spend.
And Senator Obama has voted 94 times for tax increases or against tax cuts.
You are asked to self-disclose your use tax at the bottom of the state tax form.
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The alternative minimum tax (AMT) is one of the most-hated features of the tax code.
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In fact, several former Quick Sam tax return preparers pled guilty to tax-related crimes.
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The theory of tax incidence suggests that companies really do not ever pay tax.
Double taxation is a special tax penalty, which is the opposite of a special tax break.
Parts of the cruise might even be tax deductible--but check with your tax preparer!
But that's almost all a timing gimmick, accelerating tax collections without altering anybody's cumulative tax bill.
Rudy Giuliani comes closest with his agenda of tax cut extensions and tax simplification.
Yes, sales tax rates could rise, but so could income tax rates under the current system.
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Individuals buy health care at a pre-tax income whereas we pay for everything post-tax income.
The Tax Reform Act of 1986 was a massive reboot of the income tax system.
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If Congress is going to address tax legislation it should address more imminent tax issues.
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Repeal tax credits, such as the Earned Income Tax Credit and the Child Tax Credit.
And because his plan does not identify any tax increases, TPC modeled only the tax cuts.
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The answer lies in switching the tax base before we raise the tax rates.
And repatriating this cash would result in significant tax consequences under current U.S. tax laws.
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