TaxVox

The Supreme Court’s Search For An Off-Ramp In the Moore Case

December 6, 2023 –

Yesterday’s oral arguments in Moore v. United States made one thing clear: The Supreme Court has little interest in blowing up the tax code. While...

Business Taxes

Is Everyone Forming An LLC But Me?

December 6, 2023 –

For the past ten years, I’ve been a sole proprietor who pays taxes using personal income tax returns. I’d never considered establishing an LLC (limited liability company). Should I?

protestors calling for support in ukraine

Federal Budget and Economy

Watch Congress Spend And Cut Taxes More, Despite Its Deficit Hang-Wringing

December 4, 2023 –

Want to know why the budget deficit is enormous and growing? One reason is that when one political party in Congress proposes new tax cuts...

Business Taxes

In SCOTUS Moore Case, Taxation Without Receipt of Cash is Fair Game

December 1, 2023 –

The US Supreme Court will soon hear oral arguments in a case that raises a question most people have likely never even considered: Can your...

Individual Taxes

Options to Improve the Child Tax Credit for Low-Income Families: An Update

November 29, 2023 –

As another year comes to a close, families are again waiting to see if Congress will expand the Child Tax Credit (CTC). Although the CTC...

Federal Budget and Economy

Children Deserve More than Shutdown Threats and Continuing Resolutions

November 16, 2023 –

The House and Senate passed a bill to keep the federal government funded through early next year. This avoids a shut down and all the...

Federal Budget and Economy

Government Shutdown Employment Effects By State

November 14, 2023 –

With Congress unable to secure an agreement on border security, Ukraine aid, and other issues, the federal government is headed toward a shutdown starting the...

Sen. Tim Scott campaigning in Iowa during the GOP 2024 primary

Campaigns, Proposals, and Reforms

Tim Scott’s Withdrawal Silences The GOP Presidential Campaign’s Tax Debate

November 14, 2023 –

Sen. Tim Scott’s (R-SC) decision to drop his bid for the Republican presidential nomination means voters have lost their best opportunity to hear a serious...

Individual Taxes

Lifetime Social Security Benefits And Taxes: 2023 Update

November 13, 2023 –

The Congressional Budget Office and government actuaries for decades have shown that Social Security and Medicare remain on unsustainable tracks, but it is often hard...

GOP 2024 presidential candidate Nikki Haley

Campaigns, Proposals, and Reforms

What Is Nikki Haley’s Tax and Budget Platform?

November 6, 2023 –

Former South Carolina Governor Nikki Haley, who appears to be winning increasing support a mong Republicans in the race for her party’s 2024 presidential nomination,...