“Like the killers in those really bad slasher movies, this tax subsidy wreaks havoc wherever it goes, appears to meet its demise in the last reel, yet returns to create more misery.”
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In Other Words, The Estate Tax Debate Will Continue to Drag On
“The debate becomes what rate to apply, and there’s the Republican view and the Democratic view, and what level of transfer exemption should be there. There are two different camps on that. I think historically that would be ripe for sort of compromising down the middle, but unfortunately, that’s not the political environment that exists right now.”
~ AICPA President and CEO Barry Melancon remains optimistic that something will get done.
Quote of the Day: Rich People Unite for Higher Taxes | 04.07.10
“We’re calling on other wealthy taxpayers to join us to send the message to Congress and President Obama that it’s time to roll back the tax cuts on upper-income taxpayers.”
~ Mike Lapham, paper-mill heir, would like to pay more taxes.
Grant Thornton Economist Says Coronavirus Is an ‘Economic Pandemic’
“We know a health pandemic is global in scope, and although this has not been […]