As the vehicle of state leaned over one fiscal cliff, Congress pulled it back but kept the motor running. In this session, we will examine the recent debate over tax changes, the resulting effect on charities, and the likely forthcoming debate in early 2013. Panelists will discuss how federal
The latest chapter in Washington’s never-ending fiscal drama is about to play out in tomorrow’s sequester--a word most Americans should never have had to learn...
With the passage of the recent tax act, many observers are claiming that fiscal issues have been, essentially, resolved and that the nation should move on to other issues. The February 2013 release of the Congressional Budget Offices Budget and Economic Outlook provides an opportunity to re-examine
Split interest and partial interest gifts have been with us for over a century. Donors have had a long-standing interest in making gifts and reserving certain critical rights with respect to the property given. This paper discusses certain important aspects of the split interest and partial
I would like to propose a simple plan that would let Republicans and Democrats avoid a blunt, across-the-board sequester that fails to set priorities. It...
Senator Jeff Sessions (R-AL) has created quite a stir with his estimates that every household below the poverty level receives an average of $168-a-day (or...
In this chapter, we propose a value-added tax (VAT) to contribute to the U.S. fiscal solution. A 5 percent broad-based VAT, paired with subsidies to offset the regressive impacts, could raise about 1 percent of GDP per year. International experience suggests that the VAT can raise substantial
The American Taxpayer Relief Act (ATRA) made estate tax law permanent following more than a decade of constant change. Following ATRA, the estate tax remains one of the most progressive parts of the tax code. In 2013, estates with gross assets exceeding $20 million will account for nearly three-
The baseline distribution of tax units receiving Pell grants, AOTC, LLC, and the tuition and fees deduction for undergraduate students by adjusted gross income in 2013.
The baseline distribution of students receiving Pell grants, AOTC, LLC and the tuition and fees deduction for undergraduate students by adjusted gross income in 2013.
As regular readers of Tax Vox know, I don’t believe there is much chance President Obama and Congress will agree on individual broad-based tax reform...
With 10 days to go until the dreaded sequester—the automatic across-the-board spending cuts that most lawmakers profess to hate—the Washington drama machine is starting to...
The baseline distribution of tax units receiving Pell grants, AOTC, LLC, and Tuition and Fees deduction for all students by adjusted gross income in 2013.
The baseline distribution of students receiving Pell grants, AOTC, LLC, and tuition and fees deduction for all students by adjusted gross income in 2013.
How many tax bills introduced have bipartisan support in today’s hyper-partisan Congress? Not very many but last week identical bills were introduced in the House...
Our new Marriage Bonus and Penalty calculator , despite all its Valentine’s Day finery, ignores the new 0.9 percent Medicare payroll tax hike buried in...
