An Update On Recognising Primary Issues In
— Tax attorney Stuart Levine The deduction cost the Treasury about $950 million in 2015, the last year available. Kevin Drum of Mother Jones observes that as a share of the federal budget, that’s so tiny that it doesn’t even rank as “scrounging for nickels under the cushions to pay for their corporate tax cuts.” Drum points us to a painstaking analysis by Stuart Levine, a Baltimore tax attorney who writes at the Reality-Based Community blog . Levine notes that the GOP’s stated justification for the change doesn’t hold water. The explanation from the staff of the Joint Committee on Taxation is that the provision is aimed at bringing the tax treatment of alimony into sync with the Supreme Court’s ruling in Gould vs. Gould . There the high court held that alimony isn’t taxable income to the recipient. Couple of problems with that, as Levine points out. One is that Gould vs. Gould was handed down in 1917. Another is that it was reversed by Congress — in 1942, which was 75 years ago.
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