Archive for the 'Tax Planning' Category

Capitalizing Gains and Losses

The history of capital gains treatment stateside is interesting. As well, it is reflective of how the American tax authority periodically tampers with the tax law. From 1913 to 1921, capital gains were taxed at 7%. In 1921, a rate of 12.5% was applied to assets held for two years or more. From 1942, investors [...]

Tangled Web of U.S. Tax Preparation

For a number of years, Money Magazine would hold a contest between fifty tax preparers representing every state in the union. The publisher would provide each preparer with the same tax data in the role of a fictitious client. In most years, the results of each return were different – no two were identical.
In [...]