How Trumpcare cuts taxes for the wealthiest, in one simple chart

The Senate Republican health care bill is a massive tax cut bill for the wealthiest citizens  masquerading as health care reform.  It would eliminate the Net Investment Income Tax, which applies only to income from investments and only on taxpayers making more than $200,000 or $250,000, depending on filing status.  That’s the main reason almost… Continue Reading

Are you an audit target? Here’s the latest scoop from them that (might) know.

Who’s most likely to get audited by the IRS this year? According to Debra Estrem, Managing Director of the scarily-named Tax Controversy Group at Deloitte Tax LLP, the service is going to be focusing more on the wealthiest taxpayers, but is also going to be focusing on people with unusually large deductions and business losses.… Continue Reading