How so? It’s tricky so follow me on this one…
Jodie Foster starred in Taxi Driver. In that movie, Robert DeNiro attempted to assassinate a politician. John Hinckley was reportedly inspired by the movie to attempt to kill President Reagan - in order to impress the actress.
Mundell believes that the wave of sympathy for Reagan following the assassination attempt deterred Congress from voting against Reagan’s tax plan. The result was a 25% reduction in federal income taxes - a revolutionary change in our tax system.
But would Jodie have caught Mr. Hinkley's eye without the efforts of Travis Bickle?
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 necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to