Manufacturing Deduction Flaw and a Tax Policy Fix

Billings, B. Anthony; Patel, Seema
March 2007
Tax Executive;Mar/Apr2007, Vol. 59 Issue 2, p133
The article discusses observations regarding manufacturing deduction flaws which resulted from low marginal tax rates in the U.S. The author estimates the lost tax benefit of firms for the 2000-2004 taxable period. He states that the deduction accounts for 3 percent of the qualified production income or taxable income.


Related Articles

  • Tax Foundation Study: Charitable Deduction Is Regressive. Chamberlain, Andrew // Business Journal (Central New York);12/9/2005, Vol. 19 Issue 49, p11 

    The article presents information on the findings of a new Tax Foundation study. With United States Congress considering bills that would expand federal tax incentives for charitable giving, it was found that the federal tax deduction for charitable gifts is highly regressive and subsidizes many...

  • Tax court disallows deduction for employee's home computer. Barton, Peter; Remmele, David // CPA Journal;Apr94, Vol. 64 Issue 4, p13 

    Presents the rulings of the Tax Court on the cases `Bryant vs. Commissioner' and `Cadwallader vs. Commissioner'. Provisions of the Internal Revenue Code section 280F; Conditions for the deductibility of listed property; Taxpayers' proof for the indispensability of a home computer to the proper...

  • Charities face more paperwork under 1993 Tax Act. Morris, Edwin B. // CPA Journal;Apr94, Vol. 64 Issue 4, p56 

    Presents the 1993 Tax Act's key provisions governing charitable organizations. Charities' duty to issue receipts to donors; Statements for donations in part for goods or services; Penalties for failure to make the required disclosures.

  • Forum: Issues in Secondary Education. Diamond, John // National Tax Journal;Mar2012, Vol. 65 Issue 1, p151 

    An introduction to the journal is presented in which various reports within the issue are discussed on topics including tax policy, tax administration, and taxation on charitable giving in the U.S.

  • The Tax Aspects of "Daylight Harvesting". Goulding, Charles; Goldman, Jacob; Goulding, Taylor // Corporate Business Taxation Monthly;Aug2008, Vol. 9 Issue 11, p29 

    Charles Goulding, Jacob Goldman and Taylor Goulding discuss tax incentives available for taxpayers achieving specified energy cost reductions as a result of certain investments. They focus on tax benefits available to taxpayers implementing daylight harvesting systems, which maximize the...

  • Early action can net big tax savings for savvy business owners. Webster, Richard A. // New Orleans CityBusiness (1994 to 2008);5/17/2004, Vol. 24 Issue 47, p29 

    Focuses on the benefits of two tax provisions for business owners in the U.S. Permission for the owners to take sizeable tax deductions on newly purchased equipment; Advantages of planning early and talking to a CPA; Passage of the Jobs and Growth Tax Relief Reconciliation Act by the U.S. Congress.

  • Calif. Tax Credit Attacked. Hiestand, Jesse // Back Stage West;8/25/2005, Vol. 12 Issue 35, p4 

    Reports on the disapproval of pundits and taxpayer advocates on the proposed production incentive of California Governor Arnold Schwarzenegger. Action taken by the California Film Commission and the California Tax Reform Association against the proposal; Details of the proposal; Information on...

  • Help Clients Avoid Capital Gains Tax on Stocks: Tax Strategies Scan.  // Financial-planning.com;11/28/2014, p1 

    Lowering your client's tax bill, year-end charitable tax tips and 15 surprising tax deductions.

  • New Tax Bill Goes Easier On SILOs. Barnett, Susanna Duff // Bond Buyer;6/7/2004, Vol. 348 Issue 31899, p1 

    Reports that U.S. House Ways and Means Chairman Bill Thomas has unveiled a version of his corporate tax bill in May 2004. Bill's restriction of sale-in, lease-out deals and allow states and localities to lease facilities that have been financed with tax-exempt bonds; Extension of the use of New...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics