Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for June 12th, 2003

Posted by taxguru on June 12, 2003

House Boosts Child-Tax Credit, But Bill’s Outcome Isn’t Certain



House Passes Child Tax Credit



How Arkansas Dem’s sweetener soured Bush tax cut



House DemonRats Look for G.O.P. Votes to Defeat Tax Cut



Tax impasse is seen needing Bush input



A Reaganite Gone Wrong.  Alabama Gov. Riley�s massive tax increase



States Craft Budget Plans, Tax Increases



Millionaire has-beens – Easy come, easy go for those who rode the stock market bubble and had paper profits that didn’t materialize in the real world.



Small farming operations do have some very lucrative tax breaks.



 

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Posted by taxguru on June 12, 2003

Posted in Uncategorized | Comments Off on

Posted by taxguru on June 12, 2003

Tax ‘Fairness’ Feud Rages On



New Tax Law Has a Catch: Depreciation Recapture Rate Is Unchanged – This catches a lot of people by surprise.  The 25% Federal tax on depreciation recapture is usually higher than the normal capital gain tax.  It is a crucial issue to evaluate when deciding to dispose of property as a taxable cash-out sale or to do a Section 1031 tax deferred exchange.   



Sleep? Play Golf? Pay Your Bills Late? You May Be a Patron of the Arts – Hidden taxes are literally everywhere.



Lower Capital-Gains Tax Boosts Attraction of Custodial Accounts



 



 

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