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Tax Law
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Romney’s Tax Plan: “We Took Your Money Once, Now We’re Gonna Take It Again.”
21 Apr 2012 by David Schattner / No Comments
Shouldn’t the presumptive republican nominee for president be talking about reducing tax liability, not raising it? Specifically after President Obama’s “Buffett Plan” has come under severe criticism (at least from me), you would think Romney would have taken note.
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The Deficit Will Reach +$7 Trillion Over the Next Decade, and our plan is to raise just $31 Billion??
30 Mar 2012 by David Schattner / No Comments
With our federal budget growing at astronomical proportions, one would think that the president would come up with a legitimate plan to address this issue, or at least bring it down to a more manageable level. Well I’m sorry, Mr. President, but the Buffett Tax Plan, is not the answer.
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Raise the Tax Rates on the Wealthy-Their Taxes will be $0 Anyways!
10 Mar 2012 by David Schattner / No Comments
With the federal deficit at $1.3 trillion and growing by the day, deciding who should be paying more in taxes and how much, is a hot topic in Washington this year. On one side, President Obama can’t wait for the chance to raise tax rates on the “millionaires and billionaires.” He hopes that by increasing the tax rates on the rich, he will be able to substantially narrow the federal deficit.
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Enhancing Airline’s Passenger Protections: Full Fare Advertising
25 Feb 2012 by Sean Barry / No Comments
The Full Fare Advertising rule requires that airfare advertising must include the full fare including governmentally imposed taxes the first time a fare is displayed. Traditionally airlines advertised the prices that they were charging the consumer for airfare. This approach probably sounds very common because it is way that almost every other U.S. industry advertises.
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Occupy Wall Street? How About Occupy IRS?
20 Feb 2012 by David Schattner / 1 Comment
The IRS is apparently jealous that some banks have profited from the subprime mortgage meltdown, and have gotten into the action- Tax liens are for sale. If a property owning taxpayer fails to pay his taxes the government will secure a lien on their property. This lien allows local municipalities to secure payment when the property changes ownership, or if the taxes remain delinquent for a specified amount of time, the IRS can foreclose on the property and evict the property owner. (See, NYC’s Annual Tax Lien Sale)
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