Tax Politics
The Politics of Taxes
Quickly Noted: Emails Show Relationship Between IRS and House Oversight Committee
From PJMedia "Emails released today by the House Government Oversight and Reform Committee show that Rep. Elijah Cummings (D-MD) has some explaining to do. The emails show that Cummings and the IRS were asking for nearly identical information from election integrity...
How Many Taxes Hikes Has Obama Proposed So Far? How ‘Bout 442?
Americans for Tax Reform (ATR) has done an analysis of taxes that Obama has proposed since taking office, by looking the Obama administration budgets for FY2010 - FY2015. "The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law...
Obama Pays Tax Rate of 20%, Contributes Less to Charity
With a few days left before taxes are due, President Obama released some information regarding his 2013 taxes. Obama makes $400,000 in income as President, and he reported a total an adjusted gross income of $481,098. Income from book sales appears to be in steep...
Tax Freedom Day Has Moved Up Another Three Days
The Tax Foundation releases an annual "Tax Freedom Day" report, which calculates "the day when the nation as a whole has earned enough money to pay its total tax bill for year". This is done by looking at federal budget projections, data from the U.S. Census and the...
IRS Decides No New Changes to 501c4s — This Year
Last week, the Commissioner of Internal Revenue Service, John Koskinen, spoke to the National Press Club on a variety of matters. One of the items he discussed was the proposed regulation changes to 501c4s. As I mentioned earlier, the citizen commentary on this matter...
Why the Proposed 501c4 Regulation Change is Such a Big Deal
The IRS recently proposed major changes to the way not-for-profit 501c4 organizations operate, which would effectively and severely limit their ability to engage in advocacy. These are your social welfare organizations, for which advocacy for “the common good and...