Tax Politics
The Politics of Taxes
Obama Wants Your Phone Access To “Prevent Terrorism” and “Enforce Tax Laws”
Obama weighed in on the current Apple-government dispute, saying that access should be made necessary. From Reuters: U.S. President Barack Obama on Friday made a passionate case for mobile devices to be built in such a way as to allow government to gain access to...
Record Tax Revenue, Again
CNSNews remains a go-to source for analyzing information on the U.S. Treasury, tax revenue, and such. Here they are again, scrutinizing tax receipts for FY2016 through the end of February. In a nutshell, the U.S. government continues to run a deficit, and the amount...
Obamacare Tax Penalty Increases
Based on data from H&R Block as we are halfway through filing season, it is apparent that compliance with the Obamacare penalty is still a difficult task. This is the second year that the penalty has been levied; for 2014 taxes, the fee was $95 or 1 percent of...
45% of Households Pay No Federal Taxes
Every year, the various tax agencies calculate how many Americans do not pay a federal income tax. The 2015 tax year number estimates that 77.5 million households, which is 45.3%, according to the research Tax Policy Center. This number is only for federal taxes and...
IRS Tax Tip 2016-33: Facts About Capital Gains and Losses
Capital Gains and Losses – 10 Helpful Facts to Know When you sell a capital asset, the sale normally results in a capital gain or loss. A capital asset includes most property you own for personal use or own as an investment. Here are 10 facts that you should know...
IRS Tax Tip 2016-35: Free Help Preparing Tax Returns
Free Help Preparing Tax Returns Available Nationwide IRS YouTube Videos: Free Help Preparing your Tax Return: English | Spanish | ASL WASHINGTON –– The Internal Revenue Service reminded taxpayers today that they may be eligible to receive free tax help at more than...