A Lesson From 1986

Yes. we all know that the Tax Reform Act of 1986 is the most recent example of comprehensive tax reform. And yes, it compressed 14 tax brackets into two (15%, 28%) with a third that has been called the phantom…

Marijuana Tax Problems

Creating perverse tax incentives, tax section 280E stops legal marijuana businesses from taking deductions because it is a federally controlled substance.

Understanding a New Tax Issue

With the House requiring dynamic scoring of tax legislation from the CBO, the bigger tax debate resurfaces on how much redistribution and spending.