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Chicago Tax Blog

• The Marketplace Fairness Act of 2013 April 24, 2013
  There has been a fair amount of reporting about the Internet Tax otherwise known as the Marketplace Fairness Act of 2013.  Some of the reporting speculates that small sellers and small businesses would be unduly prejudiced by having to collect sales tax for the thousands of sales tax jurisdictions in the United States.  Without the […]
  horowitz
• When Does Closing Tax Loopholes Become a Tax Increase? February 28, 2013
  Recent news includes President Obama seeking to forestall sequester cutbacks with a cost cutting and revenue raising package.  The revenue raising focuses not on rates as did the American Taxpayer Relief Tax Act.  Rather, the revenue raising is reported to be through closing tax loopholes.  The exact difference between closing tax loopholes or income tax [.. […]
  horowitz
• Eliminating State Incomes Taxes? January 25, 2013
  There has been much chatter of late about various states, Louisiana, Nebraska and North Carolina, to name a few, considering the repeal of their personal and corporate income tax statutes.  As you might expect, the idea engenders strong opinions from its supporters and its detractors alike. Although many of the details of state income tax […]
  horowitz