Guidance proposed on FDII and GILTI deductions

IRS Tax News – Guidance proposed on FDII and GILTI deductions The IRS issued guidance on determining the amount of the deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) under Sec. 250. Source: IRS...

The Top 1 Percent’s Tax Rates Over Time

Tax Policy – The Top 1 Percent’s Tax Rates Over Time As policymakers consider raising taxes on the richest Americans, it’s important to look at the top 1 percent’s tax burden from a historical perspective. Though the United States has had high marginal...