Why Your Tax Cut Doesn't Add Up. Allan Sloan.
by Sloan, Allan; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2005Article 29Business. Publisher: Newsweek, 2004ISSN: 1522-3191;.Subject(s): Alternative minimum tax | Capital gains tax | Fiscal policy | Income tax | Inheritance and transfer tax | Tax incidence | Tax reduction | Trusts and trusteesDDC classification: 050 Summary: "Tax time isn't fun, unless you're an accountant keeping a running tab of how much you're billing clients as April 15 nears. But this year [2004] tax season's even more distressing than usual. You've been looking forward to cashing in your share of the $3 trillion or so in tax cuts President George W. Bush has pushed through in the past few years, those 'real and immediate benefits to middle-income Americans' he's promised (most people consider themselves middle-income these days). But who can figure out this stuff? Even accountants now get Excedrin headaches from an ever-more-complex set of rules." (NEWSWEEK) This article discusses the annual confusion and frustration that occurs around April 15, the day Federal income tax is due, and explains why the tax policy has become so complicated.Item type | Current location | Call number | Status | Date due |
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Books | High School - old - to delete | REF SIRS 2005 Business Article 29 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2005.
Originally Published: Why Your Tax Cut Doesn't Add Up, April 12, 2004; pp. 40-47.
"Tax time isn't fun, unless you're an accountant keeping a running tab of how much you're billing clients as April 15 nears. But this year [2004] tax season's even more distressing than usual. You've been looking forward to cashing in your share of the $3 trillion or so in tax cuts President George W. Bush has pushed through in the past few years, those 'real and immediate benefits to middle-income Americans' he's promised (most people consider themselves middle-income these days). But who can figure out this stuff? Even accountants now get Excedrin headaches from an ever-more-complex set of rules." (NEWSWEEK) This article discusses the annual confusion and frustration that occurs around April 15, the day Federal income tax is due, and explains why the tax policy has become so complicated.
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