Archive for December, 2009

When to sell securities at a loss for a tax write-off

Question: If I sell a mutual fund to write off the loss on my tax return, do I face any restrictions on reinvesting the money? — Tom M., St.


Taxes – Alternative Minimum Tax « Loving Home in Practice

The alternative minimum tax is an alternative taxing methodology that ALL taxpayers are processed through.


Pacific Capital may sell tax unit to private equity fund

Loss-making lender Pacific Capital Bancorp signed a letter of intent to sell its tax division to a private equity fund, as its regulators barred it from originating any refund anticipation loan in 2010.


2009 year-end tax tips

The days of 2009 may be dwindling to a precious few, but there is still time for taxpayers to check over this year’s finances and possibly save themselves some money when they file their tax returns in the spring.


The Volokh Conspiracy » Blog Archive » The Tanning Salon Excise Tax

In all seriousness, though, if you need to tax something, it might as well be an activity that causes cancer. Yglesias had a good quote back about the benefits of sin taxes vis a vis, say, payroll taxes: …


Proposed ‘Botox Tax’ Draws Wide Array of Opponents

A proposed tax on cosmetic procedures has more than just surgeons and insurers crying foul


The Temperature Tax – TierneyLab Blog – NYTimes.com

McKitrick’s idea is an elegant stab at having advocates put their money where their mouth is.


Tax Cuts Might Accomplish What Spending Hasn’t

Some studies suggest the Obama administration should reconsider stimulus policy that favors government spending over tax cuts.


Obama proposes tax incentive to hire workers

President Barack Obama on Tuesday proposed a tax incentive for small businesses that add workers, even as Congress struggles to figure out how such an idea would work.


About Those 'Tax Cuts for the Rich'… « The Enterprise Blog

The Tax Foundation reported last week that more than 143 million individual income tax returns were filed in 2007, and 46.6 million of those returns had a zero or negative tax liability, setting a new record for the number of …