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Democratic vice presidential candidate Joe Biden said Thursday that paying more in taxes is the patriotic thing to do for wealthier Americans. This is another example of our rulers attempting to brainwash us by re-defining

Word has been spreading lately that the Bush Administration is planning to tax all life insurance death benefits. Although he would probably like to, the proposal I have seen indicates that only certain narrow life insurance transactions would be taxed. This is contrary to the administration’s rhetoric, and a new tax of any sort is always harmful,

I found a humorous article on MSN Money entitled “ The 9 weirdest tax write-offs .” It will get your creative juices flowing on ways to minimize taxes as we enter the tax season. My favorite quote from the article (on an interesting approach to depreciation deductions) is: Then there was the client who approached Manhattan CPA Marc Albaum about a

The screw is tightened : “The NBA on Jan. 1 began withholding income tax from its referees to account for the two complimentary tickets they get per game.... Players say they are angry that about $10,000 will be withheld from their paychecks for what is supposed to be a fringe benefit....” But players are not going to stand for this: “They can

This paper by UCLA’s Kirk Stark (” Enslaving the Beachcomber: Some Thoughts on the Liberty Ojbections to Endowment Taxation “) seems like a good critique of an idea I’d never heard of, which would tax people based not on their income only but on their “earnings

The Washington Supreme Court yesterday invalidated the state’s estate tax in Estate of Hemphill v. State of Washington (No. 74974-4, 2/3/05) . How nice. Now I am waiting for the U.S. Supreme Court to do the same for the federal estate tax. Guess I will be waiting for a long time. Further analysis from TaxProf Blog : The estate tax scheme in

Thanks to the “tax-and-spend” Bush Administration, the IRS has imposed greater limitations on charitable deductions for autos, boats or planes to support nonprofits, effective January 1, 2005. Taxpayers should note that the American Jobs Creation Act of 2004 altered the rules for the contribution of used motor vehicles, boats and planes after Dec.

China to pioneer ‘pebble bed’ N-reactor : If successfully commercialised, the pebble bed reactor would be the first radically new reactor design for several decades. It would push China to the forefront of development of a technology that researchers claim offers a new “meltdown-proof” alternative to standard water-cooled nuclear power stations.