Posted by taxguru on June 12, 2003
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Posted by taxguru on June 12, 2003
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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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Posted by taxguru on June 11, 2003
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Posted by taxguru on June 11, 2003
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Posted by taxguru on June 11, 2003
None of us really know how we would react to receiving a huge windfall. However, I’m sure a lot of people are saying the same thing about this guy who just received a check for $24.2 million from winning the Texas lottery and is continuing his job at a trophy shop – “He’s nuts!”
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Posted by taxguru on June 11, 2003
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Posted by taxguru on June 11, 2003
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Posted by taxguru on June 11, 2003

But he didn’t miss any of his paychecks.
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