Mission: To help businesses increase or relocate to extra optimum, business-friendly, decrease-value areas. For business submitting types not presently accepted on-line, please visit the Maryland Department of Assessments and Taxation web site for assistance. “We do not see any value in it” was the refrain I heard — even though I had firsthand experience of witnessing these folks, whether or not they approached me after a speech or tweeted from the road — saying how they perceived Ford so much otherwise due to these efforts. See, the worth attributed by the company was not the same as the worth attributed by the general public.
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This will get to why I titled this blog put up “Apparently income is not simply income any more.” Congress appears to be transferring towards creating lists of professions and businesses that should get larger versus decrease tax rates. It isn’t only a matter of, say, extra favorable value recovery rules in one profession quite than another. Now actual labor income (with sufficiently effectively-suggested structuring) will get different marginal tax charges, depending on whether or not it is earned in a business that Congress likes more, or one which it likes less. And that is completely ad hoc and selected in secret, without even a statement of broader underlying rationales. A dollar isn’t just a dollar – its tax charge will depend on whether and how much Congress likes the relevant commerce group.