Tag Archives: Capital

Lowering the Corporate Income Tax Rate Benefits Old and New Capital

Our new analysis on the impact of cutting the corporate income tax rate explains how the reduction helps increase growth in the long run. But one question I’ve been asked repeatedly today is, “What is the impact of the corporate … Continue reading

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Litigation Award for Damage to Dairy Farm Ordinary Not Capital

If a dairy farmer receives an award for damages to the farm, is the damage award capital or ordinary?  The distinction is important.  Unlike ordinary income, capital gains are generally afforded lower tax rates and not subject to self-employment taxes.  The … Continue reading

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Mid Atlantic Capital Corporation

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 3, 2018 indicate that Pennsylvania-based brokerage firm Mid Atlantic Capital Corporation has received several regulatory sanctions. Fitapelli Kurta is interested in speaking to investors who … Continue reading

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Does Your State Levy a Capital Stock Tax?

Capital stock taxes, sometimes referred to as franchise taxes, are levied in sixteen states. Not to be confused with corporate income taxes, which are levied on a business’s net income (or profit), capital stock taxes are imposed on a business’s … Continue reading

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Interviewed on Capital Public Radio

This morning, Capital Public Radio’s Beth Ruyak interviewed me about various Supreme Court matters, including the governor’s request to expedite a pension case, the consequences of the long-standing court vacancy, whom the governor might appoint to fill the vacancy, and … Continue reading

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