Tax Politics
The Politics of Taxes
Quickly Noted: Million Dollar IRS “Bounty”
A nonprofit group, called The Voters Trust, "hopes to award a $1 million bounty to anyone who can provide “smoking gun” evidence to implicate IRS leadership or members of the Obama administration who purposefully targeted conservative and tea party-affiliated groups"...
How The Wealthiest Paid Even Higher Taxes This Year
The Pease Amendment came into play for high income taxpayers this year once again, after a bit of a hiatus. The Pease Amendment was passed as part of the Omnibus Budget Reconciliation Act of 1990, and named after Congressman Donald Pease, who introduced it. This rule...
Obama’s “(Don’t) Pay As You Earn” Program
Recently, the WSJ had an article drawing attention to Obama’s changes made to the student loan system for higher education. The article, while it raised good points, did not go far enough to explain the detriment to our economy that his program is causing. President...
A Funny Thing Happened on the Way to the Treasury
Many people this year are startled to find that the IRS is holding some or all of the portions of their tax return as a form of payment for old debt. Many so called debts are decades-old and often the debt is not even the debt of the taxpayer being targeted. How did...
Record Federal Tax Revenue — and Still A Deficit
It's the spending, stupid. CNS News reported today that "Federal tax revenues continue to run at a record pace in fiscal 2014, as the federal government’s total receipts for the fiscal year closed April at $1,735,030,000,000, according to the Monthly Treasury...
Tom Steyer: Philanthropy or Hypocrisy?
Oh, the hypocrisy! In February, it was announced that retired hedge-fund billionaire Tom Steyer, has committed $100 million of his own money to “to make climate change a priority issue in this year's midterm elections.” How can this possibly be? First, Steyer made his...