Taxes

Today’s Social Security column addresses questions about what effects early Social Security spousal benefits can have in various benefit rates, how delayed retirement credits are applied and how a public pension can affect survivor’s benefit? Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.
0 Comments
Should death be taxing? Amid budget surpluses, states started slashing income taxes last year. But only two have made significant changes to their estate or inheritance taxes so far. Last year Iowa legislators decided to phase out the state’s inheritance tax by January 1, 2025. And this year Nebraska legislators made pro-taxpayer tweaks to its
0 Comments
President Joe Biden and Senate Finance Committee Chair Ron Wyden (D-OR) have proposed different ways to tax unrealized capital gains every year. Their shared goal is understandable, with trillions of dollars escaping income tax under current law. But each plan raises serious administrative and legal problems. My colleague, Rob McClelland, and I suggest a simpler,
0 Comments
Today’s Social Security column addresses questions about whether the 2022 5.9% COLA applies to benefits filed for after December 2021, when one child’s benefit cessation can increase another child’s benefits and when the Windfall Elimination Provision (WEP) might not be applied. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
0 Comments
In accelerating forgiveness of certain income-based student loans, President Biden performed minor cosmetic surgery on an atrocious system. Fortunately, there’s a simple solution: Let students and parents borrow as well as refinance their loans at the prevailing Treasury’s 30-year bond rate. In accelerating forgiveness of certain income-based student loans, President Biden performed cosmetic surgery on
0 Comments
Timothy Noonan of Hodgson Russ LLP discusses how some states tax remote employees and the effect of temporary pandemic tax changes. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: tax and remote work. In
0 Comments
Let’s talk about near misses. Not so long ago the Biden administration proposed a comprehensive financial account reporting regime. Some observers labeled it a domestic version of the Foreign Account Tax Compliance Act. The reference was meant to be pejorative. The proposal was eventually withdrawn. Lawmakers from both parties found something distasteful about authorizing the
0 Comments
A group of private equity firms, companies (including Harley Davidson – employee owners) , pension funds and nonprofits – spearheaded by Pete Stavros a partner at KKR KKR — has announced that they are creating an initiative they have titled “Ownership Works” that will work to encourage companies to have their employees – especially low-income
0 Comments