Biden wants higher taxes (but not for you), when he could be thinking even bigger.
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Can Taxes Get Bigger, Simpler And Fairer?
Tag Archives: Tax Deductions
New York Tries A SALT Workaround
New York tries to work around new limits on the deductibility of state and local taxes, but the result may be a headache for taxpayers.
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Scary Headlines Belie Better Credit News
Rising delinquency rates on some subprime products paradoxically point to better conditions in the consumer credit market.
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Scrapping The Interest Deduction
Eliminating the deduction for business interest is a fair trade for immediate write-off of capital investment.
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When Two Equals Two, Not One
Unmarried co-owners of a home can get twice the interest deduction available to married couples, at least in the Ninth Circuit.
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Turning A Sacred Cow Into Hamburger
Even a useless cow can lumber along if it’s sacred. The itemized deduction for home mortgage interest would be better as hamburger.
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No-Martini Lunches
Treating meals like any other business expense makes sense, especially since the “three-martini lunch” is long gone.
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