women

How Small Business Tax Expenditures Miss Women-Owned Firms

Tax Notes contributing editor Marie Sapirie talks with American University tax professor Caroline Bruckner about the lack of consideration by Congress on how the U.S. tax code affects women-owned businesses and what can be done.

This post has been edited for length and clarity. 

Marie Sapirie: Thanks, Caroline, for joining me today to talk about your recent research on women-owned businesses and the tax lawmaking process.

Caroline Bruckner: Thanks so much for having me.

Marie Sapirie: Your research documents the growth of women-owned businesses over the past 40 or so years from 1976 when the U.S. Census Bureau counted just over 400,000 women-owned firms to over 11 million firms today. I was hoping you could give us an

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gift

Why Progressives Should Push To Scrap The Estate And Gift Tax

During the 2020 Presidential campaign Democratic candidates have made many proposals for changes to the tax code, ranging from changes to the tax rates to the imposition of new 5% excise tax and a national sales tax. As the Democratic Nominee for President, Joe Biden has a tax plan that includes the following proposals:

·        Eliminate the step-up of the cost-basis for inherited property,

·        Increase estate and gift tax rates by an unspecified amount (it is now 40%), and

·        Decrease the estate tax exemption from $11.58 million to $3.5 million, and the gift tax exemption from $11.58 million to $1 million.

The proposal for changes to the Estate and Gift taxes reverses the long-standing policy on reforms to the tax code made ever

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model

Oklahoma ups fuel tax at wrong time for revenue boost; new model likely needed to fund roads, experts say | Govt-and-politics

“We should look at this as an opportunity to innovate and not just how do we collect road taxes and these vehicles that aren’t paying it,” Jaynes told lawmakers. “There’s a much bigger puzzle we need to pay attention to.”

For the past several years, legislators have considered several methods for taxing EVs, including what would amount to a higher sales tax on them and a flat annual registration fee in addition to the usual motor vehicle taxes.

Jaynes said the sales tax — actually, the targeted elimination of an exemption that applies to all vehicles — would have equaled on average 12 years of fuel taxes for comparable vehicles.

A flat tax on EVs and hybrids was actually enacted in 2017, but the state Supreme Court disallowed it. There remains interest in such a levy, but Jaynes said it would not raise enough money.

Both proposals, she said, disconnect

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