Tax Lawyer's Blog

Shirl Kennedy of Docuticker reports that the IRS has issued Notice 2010-44 Tax Credit for Employee Health Insurance Expenses of Small Employers:
The Internal Revenue Service today issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a [...]

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Moms Mabley had more teeth than the health insurance mandate.
But Timothy Noah of Slate says IRS Commissioner Doug Shulman has a plan to enforce the health insurance mandate included in the recently passed healthcare bill:
Internal Revenue Service Commissioner Doug Shulman seemed to indicate that if you didn’t purchase health insurance and then refused to pay the fine, [...]

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Paul Caron posts an excerpt from an article written by Harvard Economist Greg Mankiw that suggests the pro-tax intelligentsia is wrong when it says that Americans are undertaxed:
Some pundits, reflecting on the looming U.S. budget deficits, claim that Americans are vastly undertaxed compared with other major nations. I was wondering, to what extent is that true?
The most common metric for answering this question is taxes [...]

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“You can’t always get what you want.”
 - The Rolling Stones -
Mick Jagger might have been thinking about democracy when he wrote that line.
I don’t like the new healthcare bill. I think it’s too expensive and I think it’s bad for the economy. Still, I accept it as the law of the land because it was passed by a majority of both houses [...]

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One difference between House Majority Whip James Clyburn and the virtuouso American pianist of the late 50’s and early 60’s, Van Cliburn, is that the former plays only the black keys.
We have written before about the archaic antics of the always reliable, utterly predictable and wholly unoriginal Mr. Clyburn. Well, never one to let an opportunity pass to foment racial division, the congressman is at [...]

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The Tax Foundation issued the following News Release this weekend breaking down how the nearly $1 trillion healthcare bill will be financed:
The $938 billion health care reform legislation finalized by Congress yesterday is financed primarily through net cuts to Medicare and an increased Medicare tax on high-income taxpayers, according to the Tax Foundation.
The Medicare spending [...]

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David Gregory closed this morning’s edition of Meet the Press with the following statement about the newly enacted healthcare bill and Republican promises to repeal it:
It’s very difficult to take  away a benefit from the American people once it’s been given.

To even the casual observer of American politics and governance this is no revelation. Nevertheless, far too few have [...]

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Paul Caron writes that a tanning salon lawyer has questioned the constitutionality of the tax on tanning services included in the recently passed healthcare bill:
I [have] a question about the intersection of taxation and civil rights law. It strikes me that the health care bill which requires that indoor tanning salons charge customers a 10% tax beginning in [...]

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“I think when you spread the wealth around, it’s good for everybody.”¹
 - Barack Obama -
If you had any doubts about the collectivist designs of this administration, reading the fine print of Obamacare will assuage them.
The New York Times reports that the newly enacted healthcare reform law is, in fact, a wealth redistribution bill:
For all the political and [...]

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Here are a few car crash statistics published by the Federal Highway Administration:

There were nearly 6,420,000 auto accidents in the United States in 2005.
The financial cost of these crashes was more than 230 billion dollars.
2.9 million people were injured and 42,636 people killed.
About 115 people die every day in vehicle crashes in [...]

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