Trump administration considers taking inflation into account when taxing capital gains As reported by Reuters: The Trump administration is considering bypassing Congress to grant a $100 billion tax cut (as projected over a decade) to taxpayers by taking inflation into...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
capital gain
2010 Estate and Gift Tax Changes
Here is a detailed Explanation of the Estate and Gift Tax Changes: 2010 Estate Tax *Basic exclusion amount: $5,000,000 Formerly called applicable exclusion amount Unified credit: $1,730,800 *Maximum tax rate: 35% Level where 35% rate begins: $500,000 But no tax until...
Lottery Winners Lose!
Lottery Winners Lose! The 11th U.S. Circuit Court of Appeals in Atlanta ruled Dec. 19 that Bertucci and the others around the country who sold their winnings to investment companies must pay income taxes on the lump sum they received instead of lower capital gains...
