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Incentives to stay poor
The state legislature seems to be racing to increase Iowa’s earned income tax credit as part of an emerging grand bargain to lower commercial property taxes. The Iowa Senate has passed a bill to...
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Tax Roundup, 3/13/2013: Governor, legislators battle over who to give your...
I will fight for the right to tax you to subsidize other people. Governor Branstad is touchy about criticism of the massive tax breaks for the Southeast Iowa Orascom fertilizer plant. Radio Iowa...
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Tax Roundup, 3/21/2013: Helping the poor by increasing their marginal tax...
Most people would say that making low-income taxpayers pay a higher tax rate on each additional dollar they earn would be a funny way of “helping” the poor. Yet that’s just the approach of a bill...
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Tax Roundup, 3/28/2013: Appeals Court upholds injunction against IRS preparer...
With less than three weeks left in filing season, the US Federal Circuit Court of Appeals has denied the IRS attempt to overturn the injunction against their preparer regulation scheme. From the...
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Tax Roundup, 1/30/15: Earned Income Tax Credit Awareness Day Edition! And:...
Did you know that today is “Earned Income Tax Credit Awareness Day“? Most of us don’t get the day off, but as it is Friday, we can celebrate after work into the wee hours. What are we celebrating?...
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Tax Roundup, 6/23/15: A foolproof tax prep scam! And more.
One week left! To file your FBAR Form 114 reports of foreign financial accounts. Did a Davenport preparer e-file different returns than he showed his clients? That’s what federal prosecutors allege....
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Tax Roundup, 8/26/15: The Twins defeat the IRS, so IRS may try to change the...
The Minnesota Twins have won five in a row. Six, if you count a recent IRS victory by the family that owns the ballclub. It is recounted by Ashlea Ebeling, Estate Of Late Minnesota Twins Owner Carl...
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Tax Roundup, 8/27/15: Iowa cheap for the factory, costly for the...
All the state taxes. The Tax Foundation has issued its 2015 Location Matters report, “a comparative analysis of state tax costs on business.” It provides a summary of the costs of operating different...
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Tax Roundup, 9/4/15: Labor day and the Earned Income Tax Credit. And more...
Happy Labor Day! While getting ready to put in your token appearance at work today before you head for the lake, you may want to ponder the hot “labor” issue of the moment — the minimum wage and its...
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Tax Roundup, 10/16/15: Is the Earned Income Credit really all that great?...
Can a program that wastes 25% of its cost be worthwhile? While many economists left and right say the Earned Income Credit is a great poverty fighting tool, some of us who do tax for a living aren’t so...
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