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Taxation-Federal

Net Investment Income Tax

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Full-Text Articles in Law

Less Is More: Applying A Modified Reasonable Compensation Standard To Eliminate The Inconsistencies In The Payroll And Net Investment Income Tax Bases, John S. Treu Mar 2014

Less Is More: Applying A Modified Reasonable Compensation Standard To Eliminate The Inconsistencies In The Payroll And Net Investment Income Tax Bases, John S. Treu

John S. Treu

The original policy for the implementation of payroll taxes was to impose a tax on wages as both a funding mechanism for, and a limitation to, qualifying for social security. However, the self-employment tax base developed severe inconsistencies with this original policy and among different tax entities by including certain returns on capital investments in the tax base. At present, different payroll tax obligations arise for similarly situated tax payers based solely on the type of entity the owner elects to be taxed as under the check-the-box regulations. These inconsistencies resulted from misguided efforts by congress and the treasury to …


Winter 2011 ~ Volume 1, Issue 1 (Inaugural Issue) Jan 2011

Winter 2011 ~ Volume 1, Issue 1 (Inaugural Issue)

The Contemporary Tax Journal

No abstract provided.


New Medicare Contribution Tax On Investment Income, Huan Jin Jan 2011

New Medicare Contribution Tax On Investment Income, Huan Jin

The Contemporary Tax Journal

No abstract provided.