Did IRS Illegally Disclose Romney’s Donation to Pro Traditional Marriage Group?
26 USC § 6103 – Confidentiality and disclosure of returns and return information – provides that a taxpayer’s tax return information shall be confidential: a) General rule Returns and return...
View ArticleIRS Paid Illegal Immigrants $4.2 Billion in Fraudulent Child Care Credits
Paul Caron reports that the rumor that illegal immigrants received $4.2 billion in fraudulent Child Care tax credit payments from the IRS is true: Following up on last week’s post, Illegal Immigrants’...
View ArticleWealth Flight: Facebook Co-Founder Saverin Renounces U.S. Citizenship to save...
Roger Russell of WebCPA reports that Eduardo Saverin, a co-founder of Facebook, has renounced his U.S. citizenship prior to the company going public in a move apparently designed to limit his U.S tax...
View ArticleMaryland to Increase Taxes on “Rich” Residents Earning More than $100K Per Year?
Tax Policy Blog reports that the Maryland legislature is considering whether to pass a law that would raise tax rates on wealthy individuals. And what is considered wealthy in Maryland? $100,000.00 of...
View ArticleDoes Code Section 162(m) Work to Reduce Excecutive Pay?
In The Million-Dollar Question: Has Congress Missed the Mark with I.R.C. § 162(m) Compensation Deduction Caps? Christopher Jones of Georgetown University examines whether the tax code’s cap on...
View ArticleIs Will Smith a Greedy Rich Guy Because He Opposes 75% Top Tax Rate?
Doug Powers of Michelle Malkin’s blog writes that actor Will Smith supports President Obama’s call for America’s top earners to pay more taxes but thinks France’s 75% top tax rate is too high: Here’s a...
View ArticleRepublicans Want to Kill Elderly People, But Jeremiah Wright is Out of Bounds
Imagine for a moment that Mitt Romney had spent 2o years of his life attending the sermons of a right-wing zealot who claimed it was America’s fault it was attacked on 9/11 and that America should be...
View ArticleIRS Makes it Easier to Settle Tax Debts
Linda Beale reports that the IRS is making the Offer in Compromise process easier for taxpayers: The IRS has announced more flexible offer in compromise terms, in an effort to make it easier for...
View ArticleI Am Aaron Worthing (or My Contribution to “Everybody Post about Brett...
“All that is necessary for the triumph of evil is that good men do nothing.” - Edmund Burke - Ever wonder why people hate lawyers and think our judicial system is a joke? Well, if you haven’t been...
View ArticleThe Voluntary Buffett Rule and Designated Tax Payments
Professor Todd Henderson supports the Buffett Rule but says it should be voluntary: We can now add actor Will Smith to the growing list of celebrities, business leaders, and politicians who have...
View ArticleThe Fair Share Lie Debunked Again
Barack Obama and his campaign cohorts continue to mislead Americans that the rich are not paying their fair share of taxes. Will Freeland and Scott A. Hodge of the Tax Foundation reveal the truth: Tax...
View ArticleObamacare Will Cost Taxpayers $1 Trillion Over Next Ten Years
President Obama continues to tell the American people that he is a tax cutter not a tax raiser. Fortunately for us, William McBride of the Tax Foundation has the truth. This week the Congressional...
View ArticleMaule Says There are Limits to Taxation; Hell Freezes Over
Tax happy Professor James Maule has finally extricated himself from the dark side. Today at his blog Mauled Again he admits that there are limits to taxation. In the current atmosphere of...
View ArticleProfessor Linda Beale: “Brute Force Capitalism” Causes Tax Evasion
Tax law professor and progressive blogger Linda Beale says that the reason we have tax evasion is because of too much capitalism and not enough regulation. Specifically, Ms. Beale objects to the...
View ArticleGallup: Americans Don’t Much Like Class Warfare
What if they waged a class war and nobody showed up? Jeffrey Jones of Gallup Politics tells us: PRINCETON, NJ — Creating good jobs, reducing corruption in the federal government, and reducing the...
View ArticleCBPP Revelation: Tax Cuts Result in People Having More Money!
Paul Caron provides a link to a CBPP study that concludes (brace yourself) tax cuts given to the rich actually result in the rich having more money. This is the kind of thing that masquerades as news...
View ArticleWe Don’t Know What Romney’s Tax Plan is Yet, but it Will Benefit the Rich and...
Can we at least wait until we get the details on Romney’s plan before we start hyper-analyzing it? The New York Times is reacting with glee that the Tax Policy Center has concluded that Mitt Romney’s...
View ArticleSome Truisms About Taxes, Fairness and Income Inequality
The Wall Street Journal in an article titled The Numbers Beside a Hot Button Issue states four truths about income tax rates and who is and who is not paying their fair share: The top 5%, top 1% and...
View ArticleIRS Ignored Fraud
Would a private sector company ever do this? Richard Rubin of Bloomberg.com reports that the Internal Revenue Service’s approach to issuing tax identification numbers to non-U.S. residents let fraud go...
View ArticleMore Lies about Tax Lies
“Facts are counter-revolutionary” - Eric Hoffer - Paul Campos of Salon is, predictably, calling Niall Ferguson a liar for accurately pointing out that the bottom 50% of Americans pay no federal income...
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