The inheritance tax is a controversial topic, but it does have some advantages. It is small, occurs only once, and reduces savings much less than income tax would. While it may be a useful tool to redistribute wealth, it tends to yield insignificant revenues. If you do some tax planning, you can avoid paying it […]
Filing for divorce isn’t the only option. An annulment can also be done. Domestic Relations Law SS140 defines annulment. Before filing for an annulment, you should consult a lawyer. The process of annulment isn’t as easy as filing for divorce, so it’s important to consult a lawyer. An annulment isn’t final until both parties have […]
In addition to making tax reform harder to obtain, the new tax law stifles the Alternative Minimum Tax, a parallel tax system designed to ensure higher-income taxpayers pay at least the minimum amount of tax. The new law reduces the alternative minimum tax’s effectiveness by raising the exemption level and the income level at which […]