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" ... Spreading Out Taxes – Let’s take the example of a taxpayer who turned age 70 ½ in 2020 with a $1 million tax-deferred IRA. Had the SECURE Act and CARES Act not intervened, she would be required to start taking annual distributions from her IRAs immediately and throughout her retirement – whether she needed the money or not. For simplicity’s sake, assume she earns no interest on her account. By the time she reaches age 79, because of RMDs her IRA balance would be reduced to approximately $642,000. However, because of the above referenced changes in the law, now she doesn’t have to start taking distributions until she reaches age 72. Further, the IRS has changed the RMD tables in a way that will require a retiree to take a smaller percentage of their IRAs each year. Given the delay in the start-up date for RMDs and the lower percentage required to be taken each year, at the end of her 79th year she would have approximately $712,000 in her IRA instead of the $642,000 under the old rules. That’s 11 percent more principal that will eventually be subject to income tax. ... "
" ... The taxpayer made a bundled purchase from a cellular service carrier that operated its own retail stores. The bundled price of the phone was $249, yet sales tax was charged on the phone’s unbundled price of $599. Substantively, the taxpayer petitioned the court to invalidate Regulation 1585 because the regulation runs afoul of provisions in the state’s tax code that requires sales tax to be calculated on a percentage of gross receipts. Procedurally, the taxpayer asked the court to invalidate the regulation because the revenue agency did not follow the procedures for the rulemaking process set out in the state’s APA. ... "