Submitted by Chris Moss CPA Many of you have purchased products via the internet, either through Amazon.com or some other retailer. Sometimes you are charged sales tax and sometimes you are not. Have you wondered about the law that governs collection of tax on internet sales in the 21st century? The 2014 Tax Trend is …
Tag: Tax Reform
Aug 12
It’s not the Tax Code, It’s the Tax
Submitted by Chris Moss CPA Back in 1986 Bob Packwood and Dan Rostenkowski were the tax reform dynamic duo proposing sweeping new tax reform legislation; fast forward over twenty five years to 2013 and we have Max Baucus and Dave Camp proposing sweeping new tax reform legislation. But Tax Reform in of itself has proven …
Nov 01
Economics of Tax
Have you been concerned over the rising national debt, now over $16 trillion? Sadly, our children are not as well off as we were. In fact, it appears the 20th century may be on its way to be the Golden Age of American democracy and economic strength. Many politicians say we must cut spending to …
Sep 01
US Income Tax Code Obsolete
After almost 100 years US income tax collection has evolved into a complex set of laws that very few of us understand. How did this happen? Generally speaking the United States had no permanent income tax until the early 20th century. Collection of the tax was a simple matter and so was the tax law. In those days …