Tax Politics
The Politics of Taxes
Today is Tax Freedom Day
Each year, the Tax Foundation releases its annual report measuring Tax Freedom Day, "the day when the nation as a whole has earned enough money to pay its total tax bill for the year." Tax Freedom Day is today. April 24th. It takes 114 days of working to pay the...
IRS Complains About Budget Cuts, But It Cut Its Own Customer Service Budget
Earlier this year, John Koskinen, the IRS Commissioner, complained about the IRS budget given to him by Congress. It was reduced by nearly $350 million for this fiscal year. Commissioner Koskinen claimed the “agency’s $10.9 billion budget is its lowest since 2008....
Loretta Lynch Vote is Drawing Near
The vote to confirm Loretta Lynch might happen as early as this week. The process has been stretched out under the auspices of being contingent on passing a human trafficking bill in the Senate, but it is just as likely that the vote was put quietly on hold in a...
Fiorina on Small Business
I have no particular favorite right now in the GOP nomination fight. As a CPA, I pay close attention to the economic policies of the various candidates. Carly Fiorina spoke to New Hampshire Republican Party’s First in the Nation leadership summit in Nashua, N.H on the...
Quote of the Day: Bastiat
"Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, liberty, and property existed beforehand that caused men to make laws in the first place" -- Frédéric Bastiat in "The Law." If you haven't read "The Law"...
More Burdensome Tax Compliance For Expats
If you are an American living abroad -- dubbed an “expat” -- you are still expected to pay income taxes and file income tax reports to the IRS. The United States is the only country in the world that has this requirement and it is mandatory until and unless one...