OK, technically that may not be accurate, but statistically speaking, it’s true. According to the nonpartisan Tax Policy Center and via CNN.com, 45% of all households will not pay income tax in 2010. So feel free to shake an angry fist towards Old Man Jensen’s house today; in all likelihood he’s resting easy while your feverishly packaging up your loose change to send to Uncle Sam.
Archive for April 18th, 2011
- The items in this blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation. Tony Nitti writes Double Taxation, and any opinions expressed or implied are not necessarily shared by anyone else at WithumSmith+Brown.
Tony Nitti is a Tax Partner in WS+B’s National Tax Service Group and the founding father of the firm’s Aspen, CO office. He is a CPA licensed in Colorado and New Jersey, and holds a Masters in Taxation from the University of Denver. He specializes in corporate and partnership taxation, with an emphasis on complex mergers and acquisitions structuring. He recently co-authored CCH's "CCH Expert Treatise Library: Corporations Filing Consolidated Returns" to be published on February 29, 2012.
In his free time, Tony enjoys driving around in a van with his dog, solving mysteries. He has been known to finish the New York Times Sunday crossword puzzle in under 7 minutes, only to go back and do it again using only synonyms. He invented wool, but is so modest he allows sheep to take the credit. Dabbling in the culinary arts, Tony has won every Chili Cook-Off he’s ever entered, and several he hasn’t. Lastly, and perhaps most notably, Tony once sang the national anthem at a World Series baseball game, though he was not in the vicinity of the microphone at the time.
Contact Tonyanitti@withum.com 970.429.8074
- ©WithumSmith+Brown, PC 2011