The folks at The TaxBook have just released a very handy summary of the recently signed tax legislation. In spite of its actual name, I will continue to refer to it as the 2006 Tax Law.
This temporary legislation is just another example of the incompetence of our rulers in actually tackling substantive tax reform. How can we ever expect anything resembling tax simplification from those Bozos in DC, when a law that is passed and signed in 2006, and is effective as of 2006 is given the name 2005?
Tax Guru - Ker$tetter Letter 