Power to tax, power to destroy: Time for a policy that grows federal revenue by helping business thrive

It has been nearly 200 years since Chief Justice John Marshall struck down a Maryland tax with the observation, “The power to tax involves the power to destroy.” Many things have changed since 1819, but that truth is not one of them. As various actors cross the political stage this coming election season touting various tax formulas, it is a good time to consider how jobs are being destroyed...

Another Kind of Christmas List.

Another Kind of Christmas List. Things we can do this month to turn coal into sugarplums. Well, Congress is packed up. Another checklist Omnibus Bill has floated up to “save the Republic” for a few more months. Yet we who foot the bill have another list to check. Over the next 10 days, in fact, we should check it twice. 10 Tips to Timely Tackle Taxes 1. Check your records. The most...

The GE Result – Income: $14 Billion (with a “B”). Tax: Zero (with a “z”)

By Gary Dettloff & Mike Hamrick Now that our annual date with the taxman has passed, it’s time to reflect on next steps. In that sense we should consider what has happened and is happening in taxation around us. Nothing has united American interest across the political spectrum more than the announcement earlier this month that General Electric earned over $14 billion last year worldwide...

Tax relief for flood victims

“It was the best of times, it was the worst of times.”  When Dickens wrote his Tale of Two Cities, he wrote of more than times in the past, but for times we even share today.  My neighbors, friends and family in Tennessee learned this only too well earlier this month, when a “thousand year flood” ripped through homes, business and lives with an unrelenting force. ...

Tax Levy Relief is spelled r-e-l-e-a-s-e.

Whew! Fifty-seven minutes and counting on one phone call with one IRS collection agent. Three trips to the fax machine and one management referral later, my client will get his paycheck this Friday. Thanks to good staff effort, and good rapport, we got the job done again. It’s important whenever we call the IRS to understand the background and perspective of the person on the other...