Happy New Year: Enjoy your new taxes... RATtner gets off easy... The End of America is catching on...
"To say we're going to repeal it...is to do very serious violence to the national debt and deficit."
A government watchdog says the Internal Revenue Service is tormenting struggling taxpayers in the midst of a slumping economy by increasing the number of liens the agency has filed against people who owe back taxes.
Advice for tax filers and parents about refund anticipation loans.
Most Americans think the United States should raise taxes for the rich to balance the budget, according to a 60 Minutes/Vanity Fair poll. President Obama last month signed into law a 2-year extension of Bush-era tax cuts for millions of Americans, in
Richard Simkanin passed away, while still in federal custody. He left the world without much, but with his integrity still intact.
The federal government has accumulated more new debt--$3.22 trillion—during the tenure of the 111th Congress than it did during the first 100 Congresses combined. That equals $10,429.64 in new debt for each person counted by the 2010 Census.
Recently revealed by embarrassed government officials: your government has been taxing you to pay dead people. While there are those who criticize redistribution of wealth programs, redistributing money from the living to the dead goes beyond the pal
All of the cliches about taxes are based on the presumption that government has a right to all your income, so government gives you something when it allows you to keep a portion of that income. To this mindset, tax cuts represent a cost to governmen
The United States House of Representatives has pushed through the Obama-GOP tax-cut deal by a vote of 277-148. The bill will now go to the white house for approval by president Obama. The bill reauthorizes extended unemployment benefits through 20
Congress at midnight Thursday approved an $801 billion package of tax cuts and $57 billion for extended unemployment insurance. The vote sealed the first major deal between President Obama and Congressional Republicans as Democrats put aside their ob
The Internal Revenue Service is making it a bit riskier to cheat on your taxes. The tax agency increased the number of returns it audited by nearly 11 percent this year, statistics released Wednesday show. Wealthy taxpayers and big businesses were
As the Senate prepared to push through a sweeping tax package negotiated by the White House and congressional Republicans, House leaders were looking to amend the measure to satisfy the concerns of angry liberals without unraveling the deal altogethe
Well, the ghouls are at it again. Weiner, Hoyer, Pelosi, Clyburn and the rest have proven that no matter what – you can’t get away from them. Even death do you not part. What part of – this is hurting the small businessman and farmer more than
When actor Wesley Snipes enters prison Thursday, he'll leave behind his wife, young children and celebrity neighbors in the wealthy Florida enclave made infamous by next-door neighbor Tiger Woods. The prison camp in Lewis Run in northwestern Pennsylv
Another Obama promise made and broken. He's a serial liar.
A year ago, President Obama and the Democrats made the mistake of assuming that an economic recovery was under way. This week’s deal to extend the Bush tax cuts shows that the White House’s top priority is avoiding the same mistake again — even if it
It is being reported there is “compromise” between the Republican & Democratic members of Congress to extend the IRS tax rate cuts from 2001 & 2003 that were set to expire at the end of 2010. The Washington Post reports, “Faced with unified GOP oppos
Soak the rich? You can’t. A vital observation, first noted by former Hoover board chairman W. Kurt Hauser, banished this bit of wishful thinking. W. Kurt Hauser is a San Francisco investment economist who published fresh and eye-opening data about
President Obama announced a deal with Republicans to extend the Bush-era tax cuts at all income levels for 2 years as part of a package that would also keep benefits flowing to the long-term unemployed, cut payroll taxes for all workers for a year an
In a ceremony at the U.S. Department of the Treasury on Tuesday, November 30, Treasury Secretary Tim Geithner and Panamanian Vice President and Minister of Foreign Affairs Juan Carlos Varela signed a tax information exchange agreement (TIEA) between
You read that right, the deficit commission proposal would reduce and simplify personal tax rates. Just three brackets: 12%, 22% and 28%.
Ron Paul has 2 proposals for the new Congress: 1) Refuse to raise the debt limit! Find a way, month by month, for Congress to spend only what the Treasury raises in revenue. 2) Start over from scratch with the 13 appropriations bills that fund the
General Motors Co.'s recent stock offering was staged to start paying back the government for its $50 billion bailout, but one group made out much better than the taxpayers or other investors: the company's union. Thanks to a generous share of GM
A Pennsylvania Jewish group claimed the Internal Revenue Service is targeting pro-Israel groups introduced in federal court a letter from an IRS agent that tax experts said was likely outside the usual or appropriate scope of an IRS inquiry.
Deficit cutters struggling to make ends meet in Washington are eyeballing an unusual pot of potential revenue: back taxes owed to the government by federal employees themselves. According to an IRS a staggering $3.3 billion dollars in delinquent tax
So you have apples in that pay basket! When I heard that Rand Paul had claimed that average federal employee's compensation (including benefits) was more than $120,000, I thought that can't be true. Then I read Media Matters' lengthy response to the
We're losing the race, and we're now becoming the banana republic [of] finance, printing -- the Fed, these mad men who are out of control at the Fed are printing new money equal to 100% of the debt that we're issuing each month. This will not end wel
“The idea of tax courts concerns either the setting up of special tribunals that would deal with tax cases without having to go through normal courts or the appointment of an adequate number of specialized judges to the existing structure...
Employers in the U.S. are starting to warn their workers to prepare for slimmer paychecks if Congress fails to vote on an extension of Bush-era tax cuts. “I’ve been doing payroll for probably close to 30 years now, and never have we seen something