Excerpt from Alternative Plans for Reducing the Individual Income Tax Burden: Prepared by the Staff of the Joint Committee on Internal Revenue Taxation, December, 1955 Change in Exemptions. Page Plan 1. Increase exemptions to $700 2 Plan 2. Increase exemptions to $650 and reduce the tax 5 percent 4 B. Tax Credits. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The third edition of a popular guide to the key issuesin tax reform, providing detailed discussion of the current systemand alternative proposals, an overview of principles that shouldgovern tax policy, and a voter's guide to the tax policy debate.

Save tons of money with the secrets to avoiding income taxes Could it be possible to run your business without paying federaland state income tax for at least 36 months? What if you're not inbusiness-how about reducing or completely wiping out your incometax? It may sound too good to be true, but the answer is YES. Inthis easy-to-use, plain-English book, Robert A. Cooke shows how youcan legally use the tax rules to your advantage. Doing BusinessTax-Free, Second Edition is packed with tax-saving concepts andideas and clear explanations on how to apply them to your ownsituation. Numerous examples help you understand crucial tax-planningmaneuvers and form a game plan, which, with a little professionalfine-tuning, will alleviate your income tax burden. Plus, you'llsave even more money by learning how to keep professional fees to aminimum and shorten your time in the tax preparer's office. New to the Second Edition: * Recomputes examples involving computation of individual incometaxes with year 2000 tax rates * Features updated sections on S corporations, limited liabilitycompanies, and loss carryovers * Covers the new, simpler "check-the-box" rules for satisfying IRSrequirements for taxation of a limited liability company * Guarantees postings of future significant changes to the taxrules regarding S corporations on the author's Web site,www.robertcooke.com-which you can check for updates as you read thebook * Includes revised rules for home offices

The official account of the advisory panel formed by Presi-dent George W. Bush to identify major problems in the U.S.Federal Tax Code and to recommend options to make the codesimpler, fairer and more conducive to economic growth. Thepanel's report was submitted to U.S. Secretary of the Trea-sury John W. Snow on Nov. 1, 2005. Chaired by Connie MackIII, the panel recommended 2 reform options: the SimplifiedIncome Tax Plan & the Growth & Investment Tax Plan.