Last week, several Capitol Hill lawmakers, led by Speaker Paul Ryan, made the rounds pitching a yet-to-be-public plan for tax reform. On the surface, no one would argue that the US tax system is cumbersome and unfair and that the IRS code needs to be revised. I am all for tax cuts and smart tax...
all tax CPA p.c.
NYS Entity Status
NYS Filing Date
JUNE 12, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC PROFESSIONAL CORPORATION RESERVATION
2014 - ALL TAX CPA P.C.
AROUND THE WEB
- The tax reform plan eliminates deductions Americans need
By Jonathon Trugman - Saturday Aug 26, 2017
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By Sam Machkovech - Wednesday Aug 9, 2017
Now supports all PC VR headsets and controllers, plus added PC visual boosts.
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By DANIEL ARNOLD, JOANNA NIKAS and EVE LYONS - Saturday Sep 2, 2017
Daniel Arnold spent the last two months photographing parks in all five boroughs. The experience showed him “a very different pulse of the city.”
- Should You Move? See How Your State Gets Its Tax Money
By Mary Beth Quirk - Wednesday Jul 5, 2017
Ever wonder where your state gets its tax money? Whether you’re thinking about moving or just want to know more about how your state’s government is funded, there’s a handy guide that breaks it all down.The Pew Charitable Trusts broke down the mix of tax sources by state for fiscal year 2016, showing what percentage of each state’s tax …
- Emanuel on Gas Tax: 'I'm for Raising It'
Wednesday Apr 12, 2017
When asked if the federal gas tax should be raised by a nickel, Chicago Mayor Rahm Emanuel said he was all for it and would even double the increase to ten cents.
- GOP favor dropping tax beneficial to blue states
By STEPHEN OHLEMACHER, Associated Press - Monday Jul 24, 2017
Why? A look at the states that benefit the most from the tax break helps explain it — they are all Democratic strongholds, or so-called blue states.Proposals by House Republican leaders and President Donald Trump would repeal the tax break as part of their packages to overhaul the American tax code.The standoff illustrates how hard it is for Congress to eliminate any popular tax break, even one that primarily benefits the ruling party's political opponents.The deduction allows taxpayers to write off real estate taxes, and state and local income taxes.Rep. Kevin Brady, R-Texas, says eliminating a tax break that helps some people will help lawmakers lower tax rates for everyone.Eliminating the tax break would raise $1.3 trillion over the next decade, according to the nonpartisan Tax Policy Center, money that could be used to help pay for lower income tax rates.The House Republican plan would eliminate most itemized deductions while nearly doubling the standard deduction, to $24,000 for married couples.The White House and congressional Republicans have been privately negotiating their tax package for weeks, with no public sign that they're near a consensus.Some Republicans claim the deduction for state and local taxes encourages states to spend and tax more because the taxes can be deducted at the federal level.