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Taxing the Wealthy: The “Death Tax” Is the Wealth Tax

One of the hot-button issues of the 2020 presidential election is the prospect of a wealth tax.  This controversial policy proposal is a central talking point of White House hopefuls, Senators Bernie Sanders and Elizabeth Warren, who advocate levying a tax on America’s highest-income households.  For example, Senator Warren proposes a 2% tax on households with assets […]

October 28th, 2019|Financial, Tax, Uncategorized|0 Comments

Hurricane Irma Relief: How the New Tax Bill Eliminates Oppressive FPL Hurricane Charges

By: Danielle DeMahy, Articles Editor, J.D. Candidate, May 2018, St. Thomas University School of Law.

From August 31, 2017 until September 11, 2017, Hurricane Irma pummeled through the Caribbean islands and approximately nine (9) U.S. states.  Hurricane Irma, known one of the most powerful storms to ever hit the Caribbean and Florida, left unimaginable damage to any […]

April 5th, 2018|Blog, Financial, Governments, Tax|0 Comments

The Twilight Zone: Puerto Rico’s Treatment under the Internal Revenue Act

By: Ansell Fernandez, Articles Editor, J.D. Candidate, May 2018, St. Thomas University School of Law.

The Commonwealth of Puerto Rico has been an U.S. territory since the Treaty of Paris ended the Spanish-American War in 1899. All of its residents are U.S. citizens, and many serve in the United States Armed Forces. Military installations pocket the island, […]

Starting your Own Business in Florida: Which Fits the Business Better, an LLC or a Corporation?

By: Kemil Saab, Articles Editor, J.D. Candidate, May 2018, St. Thomas University School of Law.

In the U.S., when choosing an entity for a startup business, the decision is reduced to a limited liability company (“LLC”) and a corporation due to the liability protection those provide to their owners. However, when deciding between either, other priorities also […]

October 11th, 2017|Blog, Business, Financial, Tax|0 Comments

The “Robot Tax”: What is It and Why Should It Exist?

By: Adriana Obeso, J.D. Candidate, May 2018, St. Thomas University School of Law.

According to Bill Gates–the world’s richest man and a front-runner in the tech world–our government should be taxing companies that are choosing to use robots instead of people for jobs originally performed by human beings alone.  At first, that statement may sound ironic coming […]

October 7th, 2017|Blog, Business, Financial, Tax|0 Comments

A Tax Lesson from Kansas

By: Ansell Fernandez, Articles Editor, J.D. Candidate, May 2018, St. Thomas University School of Law.

In 2011, former Senator Sam Brownback was inaugurated as governor of Kansas.  He had been elected on a pledge to drastically cut taxes and reduce unemployment. Having the state legislature firmly in his party’s control he sat out to conduct a “supply-side” […]

October 5th, 2017|Blog, Business, Financial, Governments, Tax|0 Comments

That Awkward Moment When Tax Havens Backfire

By: Jose Rohaidy, J.D. Candidate, May 2017, St. Thomas University School of Law.

It is no secret that major American corporations like Apple, Google, Yahoo, Facebook, and others alike are incorporating in foreign countries to take advantage of low corporate tax rates, rather than paying the United States’s high corporate tax rates. Executives and shareholders categorize U.S. corporate […]

September 13th, 2016|Blog, Tax|0 Comments