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“If you are a parent or grandparent, one of your biggest concerns about tax reform should be the low-taxed investment earnings limit for children under 14.”
“Early fall 1986 was a busy time for all of us at the White House: Besides completing work on the tax reform act, there was the crisis set off by the arrest of American journalist Nicholas Daniloff in Moscow, my second summit conference with Mikhail Gorbachev, and other matters that kept us hopping, including congressional elections.”
“At Eureka College, my major was economics, but I think my own experience with our tax laws in Hollywood probably taught me more about practical economic theory than I ever learned in a classroom or from an economist, and my views on tax reform did not spring from what people called supply-side economics.”
“Because prior to tax reform the Givens Organization and others had developed fantastic tax strategies that legally allowed parents to invest tens of thousands of dollars for their children with the earnings being taxed at incredibly low rates.”
“In 1959 Arboles announced his intention to nationalize foreign mining interests and instituted a tax reform program that alarmed the business elite.”
“Because of the five-bracket system under the new tax laws, the averaging method does not cut your taxes nearly as much as before tax reform and makes the IRA rollover option far more attractive and the averaging option less attractive.”
Looking for tweets for tax reform.