Posts Tagged ‘ tax policy ’

Lone accountant takes on IRS and wins

August 24, 2008

And millions of us may benefit. The dispute arose when more than 30 mutual life insurance companies became publicly traded corporations in the late 1990s and earlier this decade, in a process known as “demutualization.” Mutual companies are owned by their policyholders, so the companies provided stock and cash to compensate them for the...
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Wesley Snipes has put tax protesters in the cross hairs of the IRS

By Lance Paddock

February 21, 2008

Actor Wesley Snipes was found not guilty of federal tax fraud and conspiracy charges earlier this month. Basically he blamed it on the tax advice he received. Whether one believes that he didn’t know that when one earns $38 million you are likely to owe some tax, much less request a 12 million dollar...
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Is Fiscal Stimulus the Answer?

By Lance Paddock

January 11, 2008

The economy is slowing, and if we are not already in a recession (I think we probably are) the risks of one are certainly high. So should our politicians do something with fiscal policy? Alex Taborrak says no: Fourth, in their desperation to “do something” politicians will often do something foolish. If a spending...
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How our system of taxation works

By Lance Paddock

January 7, 2007

Via Professor Greg Mankiw: Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1....
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