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Category: Tax

History of Income Tax Rates: Refresher

After the President’s recent State of the Union speech it might be a good time to refresh our knowledge of the history of income tax rates. Given the massive deficit that the government is creating it is inevitable that income tax rates will go up. But by how much? History should provide a clue as

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FASB Change to FAS 157 at odds with Geithner’s Plan

This week the FASB is considering relaxing the mark-to-market accounting rule, which would seem to undercut the US Treasury Department’s plan to help banks fix their balance sheets by ridding themselves of the so-called “toxic assets.” FASB Change to FAS 157 As a taxpayer, I’d have to say that I prefer the FASB’s approach to

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Mark to Market Controversy vs The Laws of Finance

A large part of the mark to market controversy revolves around the fact that mark to market accounting is in direct violation of a fundamental law of finance. Mark to Market Controversy vs The Laws of Finance It has long been accepted that when financing assets you should match the term of the debt with

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Don’t Let Tax Strategies Drive Financial Performance

With most young companies cash is king. As a company grows managing the cash available to finance that grow is crucial to sustaining the growth rate. Minimizing the cash expenses of the company is an entrepreneurs and CFO’s primary job. One of the main cash expenses is federal income taxes. Don’t Let Tax Strategies Drive

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