Or the tax value of a family business developed with irregular cash infusions.
Compare that to the after-tax value of a taxable investment and you start to see the benefits more clearly.
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Where this trips up planners is that they will often presume that because an asset received back by a debtor has the same tax value as what the debtor gave up, there could be no fraudulent transfer.
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Lu Gauthier, whose Boston Tax Institute provides the best tax CPE value in New England if not the world, once remarked that the Tax Reform Act of 1969 cut the value of his LLM in taxation in half.
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New Hampshire has an interest and dividends tax, a business profits tax and business enterprise value tax.
There often is debate about whether, if we went the national consumption tax route, a value-added tax (VAT) or retail sales tax (RST) would be better.
This plan would replace the current system of taxes with a 9% individual flat tax, a 9% value added tax on corporations, and a 9% sales tax.
The GST tax is a flat tax on the value of the transfer at the highest estate tax bracket applicable in that year.
That is because you get an income tax deduction for the fair market value of property you give to charity and you are subject to gift tax on the fair market value of property that you give to a relative.
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George wanted to tax the rental value of unimproved land, as that was the least distortionary tax possible.
We could repeal the corporate tax entirely and enact a Value-Added Tax.
What if Congress lowers income tax rates and imposes a consumption tax--perhaps a national sales or value added tax--to make up the difference?
Yet, it is full of items of interest, including a new millionaires tax and a renewed proposal to limit the value of tax preferences for high-income households.
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He was recently criticised during a televised debate by Minnesota Congresswoman Michele Bachmann, who said the sales tax would eventually become a national value-added tax.
And if your tax rate goes up later when you make withdrawals the value of tax free distributions goes up to more than enough make up for the lack of current deduction.
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The tax hikes include a rise in the value-added tax and a (risk-adjusted) levy on bank profits.
Government should tax either the value of an asset or its yield but not both.
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The "land value tax, " he suggested, could boost the economy, smooth income disparities, and encourage development of empty lots.
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Only about 20 towns in the U.S. have adopted the land value tax.
WSJ: It's a Lonely Quest for Land-Tax Fans, But, by George, They Press On
"Caroline has before Parliament a land value tax bill, " added Natalie Bennett.
The discussion was whether it was appropriate to quantify (and therefore, tax) the value of work brought into a home.
Now, more than 100 years later, Parliament is scheduled in April to debate a bill to explore a land value tax.
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Two of the provisions that I found rather intriguing were a wealth tax and land value taxation (also known as community ground rent).
It also argues for more taxes on property, such as a land value tax or a reformed council tax, to suppress rises in house prices.
Because U.S. food servers are required to pay income tax on the value of the food, many servers need an 8% tip just to break even.
The more Ryan channels Ayn Rand's John Galt, the more people will value tax equity for the middle class and a sensible safety net for the unfortunate.
Something like land value tax perhaps in the Georgist tradition.
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In New York, Scott Baker, a novelist and president of Georgist organization Common Ground, began a petition two years ago for New York state to adopt a land value tax.
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An existing 16.5% tax on wholesale transactions is to become a value-added tax at a slightly lower rate, though existing exemptions will survive (a mistake, say some economists).
The tax increases will more than triple what the Democrats advocated, including a large new Value Added Tax (probably called a Business Receipts Tax).
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