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TOUR DE FORBES
May 20, 2008
Janet Novack has two pieces in the new issue of Forbes that deserve careful reading.
Read My Lips discusses the Presdiential candidate tax positions:
As president, Senator John McCain (R–Ariz.) aims to balance the budget while extending the Bush-era income tax cuts, doubling the personal exemption and eliminating the alternative minimum tax. The Democratic candidates say they’ll raise taxes only on the well-off—those making over $200,000 for Senator Barack Obama (D–Ill.) and $250,000 for Senator Hillary Clinton (D–N.Y.)—while showering tax breaks and health insurance on working families. (At press time Clinton is still hanging in.)Anyone who believes any of this likely already owns Florida swampland.
The article also has thoughts on how to plan your investments around likely tax policy changes in the next administration.
Tax Shelters 2.0 tells how the IRS tax shelter crackdown has gotten the national accounting firms out of the retail tax shelter market, opening the door to smaller operaters, often using twists on the same old discredited schemes. Buyer beware.
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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
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