Double taxation takes a variety of forms - gas taxes, for instance, are paid with dollars upon which income taxes have already been paid, with no deductibility
The consumer should consult a tax adviser for further information regarding deductibility
Draft of Proposed Legislation Relating to Interest Deductibility
and Other Expenses--Abandon the Statutory Reasonable Expectation of Profit Test
This article analyzes the tax deductibility
of the insurance premiums paid to a captive
But with the restrictive full-funding limit (150 percent of accumulated liability) introduced by the Omnibus Budget Reconciliation Act of 1987; the build-up of plan assets due to good market performance during the 1980s; relatively low levels of inflation, which have muted demands for growth in benefits; and the ever-weakening power of unions, which has undermined their ability to demand benefit increases, deductibility
of contributions is now a concern.
One implication of this finding is that eliminating deductibility
for state and local taxes would not necessarily increase federal tax receipts.
NFIB, representing more than 600,000 small and independent firms across the nation, has for nearly a decade pushed for full health insurance cost deductibility
for self-employed business owners.
If the Realtors mount an effort for reform, and are joined by like-minded mortgage and housing groups, the prospects for deductibility
and improved affordability will improve dramatically.
In most cases, the special tax deductibility
rules should thus not be seen as a deterrent to holding events in this region.
Commissioner involved captives that had between 52 percent and 74 percent of insurance premiums from unrelated risks, Despite a lower percentage of business from unrelated parties, deductibility
of insurance premiums was upheld.
encourages citizens to support good works by providing tax credits for their donations.
Friedman is referring to increased limits on education savings accounts, deductibility
of student loan interest, tax deductibility
for college tuition, and increased limits on 401(k) plans that were added to the bill in Congress.
The issue with getting MI tax deductibility
passed into law isn't that it lacks support; it's the fact that in the grand scheme of things that Congress debates on a daily basis, it lacks profile.
The plan also may be opposed by organized labor and have IRS deductibility
States do not tax distributions from 529 plans, and many grant state-tax deductibility