Should Wealthy People Pay More in Income Taxes?

Should Wealthy People Pay More in Income Taxes?
One of my goals over the past couple years is to post at least once a week, either to this site or my personal site. That, despite the fact that some weeks my mind is more mushy than the monkey brains served to Indiana Jones during his family friendly descent through his heart rending rom ...

The Hot Accounting Take on AHCA

The Hot Accounting Take on AHCA
A friend asked me yesterday if I’d done my hot accounting take on the American Health Care Act, or the AHCA (or possibly Trumpcare. Not sure if that’s gonna stick yet). I liked the phrase “hot accounting take” enough that I thought I’d give it a try. There’s a reason I didn’t do one right ...

Trump’s Order To Review Treasury Regs No Substitute For Tax Reform

Trump's Order To Review Treasury Regs No Substitute For Tax Reform
Since my daily drudgery job is directly tied to what the DC Overlords (Washington, not the comic book company) decide sounds best in a 30 second snipped, I try to keep up on the latest thoughts and rumors around tax reform. The latest presidential election was always sure to bring in big changes, no matter who ...

New York Times Invents Demons on Trump Tax Return

New York Times Invents Demons on Trump Tax Return
Leave it to the New York Times to screw up a potential bombshell like the leaked Donald Trump tax return they released over the weekend. I’m going to add a bit of a throat clearing before I get into this discussion: I am not pleased (put mildly) with our political candidates this year. When the ...

Jerry Brown Struggles Mixing Taxes and Tampons

Jerry Brown Struggles Mixing Taxes and Tampons
I grew up in California during one of its biggest booms in economic growth. The good times were rolling, and the Sacramento Pols were doing their best to spend every dollar before it even hit their coffers. During one election before I could vote, I remember my mom debating how she should vote on some ...

Does Mark Zuckerberg Not Recognize A Tax Benefit From His Initiative?

Does Mark Zuckerberg Not Recognize A Tax Benefit From His Initiative?
With Mark Zuckerberg following Bill Gates’ lead by donating mountains of cash to humanitarian efforts, we’re entering a new era of The Gospel of Wealth, though with slightly less condescension than found in Andrew Carnegie’s famous essay. Good for them. If you want to use your money to help your fellow beings, more power to you. ...

The Top Tax Rate is Higher Than You Think

The Top Tax Rate is Higher Than You Think
I heard a story. The person was trying to figure out a tax question for a friend of a friend, so I don’t know any actual details, and, like a good game of Telephone, what I did hear was probably altered beyond recognition (oh, you sell plants and seeds, not sex and weed!). Even though ...

The Real Issue With the Trump Tax Plan

The Real Issue With the Trump Tax Plan
When Donald Trump first revealed his tax plan, I saw two immediate responses from the Twitterverse: (a) The Trump tax plan is designed to tax the rich, and (b) the Trump tax plan is the typical right wing trickle down economics. (Sidebar: NOBODY is advocating trickle down economics, but that’s neither here nor there) Since this is ...

Is Every Tax Deduction A Government Benefit?

Is Every Tax Deduction A Government Benefit?
My car is doing just fine, thank you very much. It’s a Subaru Impreza, with close to 100k miles, plenty of hail damage, and a sun visor that won’t stay up. It’s a great car, and I have no desire whatsoever to trade it in for something nicer. But let’s say I did. Let’s say ...

We Can Actually Criticize Specifics of Marco Rubio Tax Plan

We Can Actually Criticize Specifics of Marco Rubio Tax Plan
So far, while looking at the various 2016 presidential candidates tax plans, I’ve realized something important: we’re going to have way too many Republicans in the primary. And so far, very few of them have a tax plan. Rand Paul has a skeletal outline of a tax plan, but the other candidates so far have ...