TaxVox

The Strange Fruit of the House’s Bonus Depreciation Bill

June 13, 2014 –

When the Ways & Means Committee sent the House a measure to make permanent extra-generous tax subsidies for firms that purchase capital equipment...

Penalties, Subsidies, and Tax Exemption “Gooooooals”

June 13, 2014 –

As expected, the House passed more tax extenders. The House voted to make permanent $75.2 billion worth of tax breaks yesterday—small business...

Individual Taxes

Good And Bad News About The ACA Penalty Tax

June 12, 2014 –

An important feature of the Affordable Care Act (ACA) is the penalty tax imposed on people who do not have health insurance. But newly updated report...

On Losses, Savings… and a Whole Lotta Smokin’

June 12, 2014 –

With a surprise loss, a short-term highway fix seems more likely. The House Republican leadership is in turmoil following the surprising primary...

Individual Taxes

Did Multinationals Use a Foreign Earnings Tax Holiday To Burnish Their Financials Rather Than Reduce Taxes?

June 11, 2014 –

We've known for years that the 2004 repatriation tax holiday did little to boost domestic investment or create U.S. jobs, as promised by its backers...

Apple, Phantoms, Roads, and Debt

June 11, 2014 –

Is the EU about to grab the Holy Grail? The European Union plans to launch a formal investigation into Apple’s tax arrangements in Ireland—described...

State and Local Issues

Individual Taxes

Are Domestic Partnerships A Way For Heterosexual Couples To Avoid The Marriage Tax Penalty?

June 5, 2014 –

In their zeal to provide a legal alternative to banned marriage for same-sex couples, some states may have created a new tax shelter for heterosexual...