Rough Road to Even a 28% Corporate Tax Rate

We have heard suggestions for dropping the corporate income tax rate from its current 35% to perhaps even as low as 15%. Typical suggestions...

Need to Fix Sales Tax Collection Problem

A headline in today's Chicago Sun Times is a good reminder of the need to address the issue of sales and use tax not getting collected ...

Pushing for specifics on tax reform proposals

There are quite a few vague tax reform proposals being touted by presidential candidates today. We have 9-9-9, variations of a flat tax, a r...

AICPA suggests that Select Committee follow principles of good tax policy

I am pleased to see the AICPA Tax Division send a letter to the Joint Select Committee on Deficit Reduction (the one to create a plan to r...

Economy continues to hurt states

A Reuters article (11/3/11) by Nanette Byrnes - " Analysis: Economy's shifts erode states' tax bases " notes some new and...

California Budget Problems and Possible Solutions

This is a slide from a 10/27/11 presentation by the Legislative Analyst's Office on California's Budget Woes. I encourage you to loo...

The Tax Law with a Revenue Neutral 28% Corporate Tax Rate

Over the past few years, various numbers have been suggested for a lowered corporate tax rate. Typically, the range from 20% to 28%. This w...