Musta been that Multnomah County tax that set you over the edge.

Don't complain you're rich, right, or else you wouldn't be paying the AMT, just empty your wallet and count your blessings; it's for the children. Bush brought up the growing Iraq debate when he met reporters. Musta been that Multnomah County tax that set you over the edge. Booted by MSNBC, is Alterman Making a Pitch to be Obama's Press Secretary?, by Ken Silverstein. Lord Black waived extradition from Canada his native home or Great Britain where he is a Lord and will face a March 2007 trial on fraud, racketeering, and tax evasion charges.

Like clockwork, about once a month someone challenges in Tax Court the Alternative Minimum Tax. The debate was sponsored by the Columbia Law School Federalist Society. The two plans would limit or end almost all tax deductions, including ones for state and local income and property taxes. Also, here's a post of mine on the Ninth Circuit decision that the Court will now be reviewing. It's been a busy day of voting on tax and budget issues in both the House and the Senate. Marty Lederman reports that Chief Justice Rehnquist plans to administer the oath of office to President Bush on Inauguration Day. Enron's former chief financial officer was charged with fraud, money laundering, and conspiracy. The president and his supporters have laid the groundwork for higher taxes and hamstrung government, no matter who is in office in the months and years to come. So said Conrad Black, also known as Lord Black of Crossharbour.

The President's Tax Panel formally released its recommendations for tax reform to Treasury Secretary John Snow. Therefore, you need people to walk in on those days when you're not looking so good and saying, You're not looking so good, Mr. Funny how one's academic views of tax policy tend to change when one's own wallet is being tapped. The Senate Commerce Committee said it would subpoena Kenneth Lay, the former head of Enron, who cancelled his previously scheduled Congressional appearances. The House of Representatives decided to repeal the corporate alternative minimum tax in a putative economic stimulus package. The previous post in this blog was Low mileage, one owner. When Representatives have the audacity to cut health care, food and nutrition, child welfare, and education funding that ends up paying for more tax cuts for the wealthy in the same day, it's no wonder Americans have no faith in Congress. Over the next few weeks, we're going to review all of the tax-related propositions on the ballot, beginning with Proposition 1A.

There's a RealPlayer recording of a debate on this subject, between Richard Epstein and Eben Moglen, here, and a post here. You're right, but it can be audit insurance for other deductions like rental income expenses. There are not many surprises in this release as much of the panel's thinking and proposal was shared during its last public meeting on October 18. Former Sun-Times publisher pleaded guilty earlier this year to one count of fraud and is cooperating with prosecutors. If you don't care to pursue the matter any further, that view will serve.