Tax Politics
The Politics of Taxes
To Owe or Not To Owe (Taxes)
Most people like receiving a tax refund – it's kind of like a windfall for many people, especially those for whom saving is a difficult discipline. However, getting a big tax refund from the IRS may not necessarily be the best thing for you in certain situations. Try...
Changes on the IRS 1040 for Tax Year 2013, Part II
New Changes to the Itemized Medical Deduction For years, taxpayers have been able to claim an itemized deduction on their taxes for medical expenses. That deduction still exists, but the threshold has been increased starting this years, as part of the implemenation of...
Changes on the IRS 1040 for Tax Year 2013, Part I
Most items on this year's 1040 are the same for last year. However, a few changes should be noted -- mainly related to adjustments for inflation. The new Standard Deduction amounts are as follows: Single: $6,100 Married Filing Separate: $6,100 Married Filing Joint:...
Thomas Jefferson on Taxes and Public Debt
"We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessities and our comforts, in our labors and our amusements,... our people ... must come to...
The Democrats Own the Government Shutdown
As we get into blame season surrounding the extension of the debt ceiling, let's make sure we remember - and remind anyone who will listen -- what actually caused the government to shut down just a few short months ago. The Democrats insisted that the Republicans...
EJ Dionne Likes To Make Up Facts
Last week’s Meet the Press roundtable featured, among others, E.J. Dionne -- a columnist with the Washington Post. Mr. Dionne’s discussion on Obama and Obamacare was so incredibly inaccurate, it is quite obvious that he is a person who just likes to make up facts as...