Income Tax – Page 2 – Blueprint for Wealth

House Passes H.R. 1 – Tax Reform Bill

The House of Representatives today passed its tax bill (H.R. 1) by a 227-203 vote. The bill sets a permanent 20 percent corporate tax rate, doubles the estate and generation skipping…

Corporate Tax Rate Cut Discussions Continue

As reported by BNA, House Ways and Means members are discussing a gradual phase-in for the corporate tax-rate cut that President Donald Trump and Republican leaders want — decreased down…

Will the State/Local Income Tax Deduction Disappear?

Probably not. The Wall Street Journal reported today that Republicans are back-peddling on their proposed repeal of the state and local income tax deduction as part of tax reform, primarily…

Link to Tax Reform Framework

Following up on my earlier post, here is a link to the Tax Reform Framework.

Tax Reform Outline Released

The Republican-sponsored tax reform proposal released on Wednesday is being touted as the most radical change to the nation’s tax code in decades. According to the 9-page outline of the…

Tax Reform Details Dribble Out…

Some of the expected tax provisions include: Apparently, negotiators are pursuing a corporate rate of 20 percent, despite President Trump’s preference for a 15 percent rate. The plan also sets…

Health Care Reform Dropped; Congress Turns to Tax Reform

House Republican leadership abruptly pulled the health care bill and will now turn to tax reform. Not repealing the Affordable Care Act creates a major problem for tax reform efforts, because…

Another Summary of Trump and Republican Tax Proposals

Now that the election is over, tax reform is high on the agenda of the President-Elect and the Republican controlled Congress. For an excellent summary of the Trump and Republican…

10 Differences Between Clinton and Trump Tax Plans

Here is a summary of the top 10 differences between the Clinton and Trump tax proposals as outlined in their various position papers and on their web sites: Individual Tax…

Are You a Victim of Identity Theft? I am.

I recently learned from the IRS (via computer generated Form 5071C sent by “snail” mail) that I am the victim of identity theft. I guess I was one of the 464,000 individuals whose…

Category: Income Tax