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If the President's Advisory Panel on Tax Reform listens to this weeks advice from four former top Treasury policy wonks, they won't be swinging for the fences. They would instead be recommending incremental changes to the existing tax system.
Our guess? A tax base that will resemble the current AMT system - no state and local tax deduction, especially - larger exemptions, and expanded retirement savings options. We may turn out to be wrong, but at least we're consistent.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Comments
You wrong? NO WAY!!! And my site is back, I invite you back.
Posted by: Brent | May 21, 2005 9:51 PM
Brent is back!
Cool. I will add you to the blogroll soon. Thanks for the note!
Posted by: Joe Kristan | May 21, 2005 10:48 PM