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Jul. 24th, 2006 12:00 amWell, I know some lawyers who won't be voting Republican again any time soon:
The federal government is moving to eliminate the jobs of nearly half of the lawyers at the Internal Revenue Service who audit tax returns of some of the wealthiest Americans, specifically those who are subject to gift and estate taxes....
The administration plans to cut the jobs of 157 of the agency's 345 estate tax lawyers, plus 17 support personnel, in less than 70 days....
The Bush administration has passed measures that reduce the number of Americans who are subject to the estate tax ... but has failed in its efforts to eliminate the tax entirely....
Sharyn Phillips, a veteran I.R.S. estate tax lawyer in Manhattan, called the cuts a "back-door way for the Bush administration to achieve what it cannot get from Congress, which is repeal of the estate tax." ...
...Estate tax lawyers are the most productive tax law enforcement personnel at the I.R.S., according to Mr. Brown. For each hour they work, they find an average of $2,200 of taxes that people owe the government....
Yes, but all means let's make certain the uber-wealthy keep more of their money, it's the American thing to do. Meanwhile:
That the economy is slowing is getting clearer. Paul Kasriel of Northern Trust notes that retail sales in the second quarter, adjusted for inflation, fell more than in any quarter since 1991.
via No More Mr. Nice Blog
The federal government is moving to eliminate the jobs of nearly half of the lawyers at the Internal Revenue Service who audit tax returns of some of the wealthiest Americans, specifically those who are subject to gift and estate taxes....
The administration plans to cut the jobs of 157 of the agency's 345 estate tax lawyers, plus 17 support personnel, in less than 70 days....
The Bush administration has passed measures that reduce the number of Americans who are subject to the estate tax ... but has failed in its efforts to eliminate the tax entirely....
Sharyn Phillips, a veteran I.R.S. estate tax lawyer in Manhattan, called the cuts a "back-door way for the Bush administration to achieve what it cannot get from Congress, which is repeal of the estate tax." ...
...Estate tax lawyers are the most productive tax law enforcement personnel at the I.R.S., according to Mr. Brown. For each hour they work, they find an average of $2,200 of taxes that people owe the government....
Yes, but all means let's make certain the uber-wealthy keep more of their money, it's the American thing to do. Meanwhile:
That the economy is slowing is getting clearer. Paul Kasriel of Northern Trust notes that retail sales in the second quarter, adjusted for inflation, fell more than in any quarter since 1991.
via No More Mr. Nice Blog
