TNL US Tax Thread 2011

Quote:

Originally Posted by dog$

What would you call it? Not trying to be a bitch, genuinely curious. I mean, yes, excessive withholding is not the same as a bank loan, but what is a better simple phrase to convey the point?

I was hoping you'd post here after I read the article you posted about corporate taxation. I assume that tax discussion doesn't interest you as much as economics but if anything I'd like to hear your general stance on how things are or what needs to be addressed.

ps: I can only imagine what your Schedule D looks like.

Opportunity cost. Operationally the issuer of currency does not ever need to borrow the very currency from the taxpayer who was only able to acquire it in the first place from that issuer (directly or indirectly). The IRS and Treasury don't even have each other's phone numbers.

Right now the fiscal deficit is running closeto 9% of GDP. That will probably be enough to help a continued recovery. I have heard it will contract to around 6% of GDP in 2012, so I expect a slowdown then. The markets may begin to discount this (should politicians keep this sentiment intact) around late Q3 2011.

The corporate taxation changes I'm assuming you're referring to are really accelerations of deferrals, not to dissimilar from the bonus depreciation rules. You take more of a P&L benefit today for less tomorrow. Should be somewhat supportive in the nearer term.

You can't download it because it is a function of the chipset hardware not software.

But I can link from my hard drive, right?

Despite my best efforts, I am still getting a state refund this year. I think it's almost impossible to owe NC money. I owe the feds less than I thought I would despite having to log a bunch of capital gains this year. Some of them were even short term at the higher rate.