On the other hand, the Buffet rule is just a convenient way to gather support for the tax-rate adjustment.
Most economists and commentators I listen to, including conservatives like David Brooks of the New York Times and Jim Hamilton of UCSD, say that reducing the deficit will require both a reduction in spending and an upward adjustment in tax rates, or closing loopholes.
Its toxic prescriptions of devaluation and tax increases turn routine economic adjustment into devastating disasters.
The net cash proceeds are prior to any adjustment for potential tax liabilities which are likely to arise from the sale of spectrum assets even after utilizing the existing net operating losses.
In truth, the Italian experience is consistent with the findings of a growing body of academic literature on the issue: fiscal adjustment dominated by tax increases typically is a recipe for failure: It fails to stabilize the debt and it is more likely to cause economic contractions.
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Your Form 1099-R, which you receive from your IRA custodian, will not reflect anything other than a distribution, so you will need to make the adjustment on your tax return, deducting the amount that was distributed to the charity from the taxable IRA distribution amount (line 15b on your Form 1040).
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To avoid this result, A can elect on his 2013 tax return to apply the net gain adjustment provided for in the regulations.
As Portugal passes the halfway mark of its three-year adjustment program, the steep tax increases facing many families have made the outlook for 2013 -- the third consecutive year of austerity, recession and rising unemployment -- the grimmest yet.
There could be payroll adjustments, or there could be an adjustment on your 1040 federal income tax return.
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An adjustment to your withholding or other tax planning might be in order.
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It is up to his tax advisor to catch it and make the necessary adjustment.
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Included in the positive adjustment to stock basis is an increase for tax-exempt income realized by the S corporation.
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The adjustment could be to tether pensions to after-tax earnings, as in Germany, so that the link between pension benefits and the tax burden is made more obvious.
You can do this using a form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment).
Taxpayers, including the self-employed, who were eligible for the credit but did not have an adjustment in their withholding could have the credit refunded at tax time.
They also assume that the temporary tax provisions (the so-called extenders) and the temporary Medicare physician payment adjustment (the doc fix) expire in a year as the law states.
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