Even if you don't agree with Elaine's specific recommendations (though I do) - today's BTC analysis is well worth the read.
Of course, a final bill hasn't been published yet, but what are the loopholes to this?
It's being reported that this is being written as a surcharge for individuals and corporations that have underpaid (withheld) at year end or quarter end.
So, if they've overpaid by that time, it won't apply? It must just be too early. What am I missing?
Is this a corporate tax dodge for those that have accountants/lawyers smart enough to figure it out?
How can a typical individual access this tax break by year/quarter end (increase withholding by employer)?
We all understand how regressive a sales tax is, but just how regressive is this supposedly-somewhat-more-progressive income tax surcharge?
We are not amused.
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