The Internal Revenue Service and the Tax Policy Center in Washington have some statistics that will likely make last-minute filers extra-irate today
A new report released today by SIPRI, a Swedish-based think tank, reveals that U.S. military spending has almost doubled since 2001. The U.S. spent an astounding $698 billion on the military last year, an 81% increase over the last decade.
Recently, a small town accountant tipped off the IRS that his employer was shorting the government on taxes. He was rewarded with a big fat check for $4.5 million (minus a 28% federal tax withholding, of course).
Through the use of legal tax shelters and benefits, General Electric (GE), the largest corporation in the world, was on track to pay approximately nothing in U.S. taxes on more than $14.2 billion in profits last year.
Liberal Dems claim the plan eliminates deficit by 2021.
New research indicates 2011 will be the first year that federal aid becomes the largest component of state revenues. Already 27 states, including Louisiana, rely on federal aid as their primary source of funding, but the report’s author describes...
Sticker shock in grocery store checkout lines and gas pumps around the western world is starting to set in. At this point, you have to be living under a rock to not notice that prices of goods and services around the world are increasing substantiall
Mayor Jim Suttle went to Washington Tuesday flush with ideas for how federal officials could help cities like Omaha pay for multibillion-dollar sewer projects.
Omaha mayor Jim Suttle went to Washington flush with ideas for how federal officials could help pay for multibillion-dollar sewer projects. Among the items on his list: a proposal for a 10-cent federal tax on every roll of toilet paper you buy.
What happened to Irwin Schiff , why was he put in prison?Read Letter
DEDICATION This book is dedicated to Dick Viti, one of the few brave attorneys in America. Dick took personal action after he became aware of the issues outlined in this book. Dick was singled out, prosecuted and convicted for having the temerity to
As Democrats and Republicans battle over how much spending should be cut to bridge the budget shortfall, one senator is focusing on the other side of the equation: revenues.
We’re getting a VAT.
See if this simple little animation makes your head explode.
An unpopular tax filing requirement for businesses tucked into the new health care law would be repealed. The provision would require millions of businesses to file tax forms for every vendor that sells them more than $600 in goods each year, startin
US tax code and offshore regulations are great examples. Current law requires US taxpayers to report ownership interest and signature authority over foreign financial accounts (“FFAs”) if the total value of those FFAs exceeds $10,000.
Give free-markets a chance.
US Uncut (http://www.usuncut.org/actions/12) is staging a pro tax rallies on Saturday across the US, including the one we're counter demonstrating in Philly. We need to send the opposite message, that taxes are theft and need to end. The US Uncut pe
During 2009, prisoners managed to collect a whopping $39.1 million in undeserved refunds from the IRS. $19 million went to prisoners in just three states: Florida, Georgia, and California. USA Today reported that as outrageously high as those amounts
The federal government now includes Social Security in its debt portfolio, not because the program is insolvent or ever was, and not because the Federal government has to fund it in any sense (SS is funded by your investments) but because the Federal
While the title of the the article rhymes, the proposal is far from entertaining On page 1 of the Fiscal Year 2012 Budget of the U.S. Government you can begin to read The Budget Message of the President. In the preamble he discusses the recession
The only thing one needs to know about Obama's latest budget is that projected revenues are expected to grow from $2.2 trillion in 2011 to $3 trillion in 2013 (and $3.6 trillion in 2015). We wonder just where the tax increases will come from...
I think this legislative maneuvering is leading us to a point where a national VAT is established. That would imply that there would be very few if any deductions left. No mortgage, property or income taxes deductions would exist.
Amid calls for a pullback in government backing for housing, President Barack Obama is expected to re-introduce his bid to limit deductions for high earners—including the popular mortgage interest deduction.
In the final days of 2010, the IRS announced because of last-minute maneuvering on Capitol Hill, the agency won't be ready to give refunds from the IRS, the delay means millions of taxpayers will have to wait to get their money back.
Calling the IRS's bluffs, there are no facts proving anyone is a taxpayer with taxable income.
On January 21, 2011, the United States Court of Appeals for the District of Columbia Circuit reversed the dismissal of 2 (out of 21) counts in a lawsuit brought against “the” United States for IRS misconduct. This is the second time that the D.C. Ci
A speech he gave at an event sponsored by the Young Americans for Liberty Purdue University Chapter. "The Income Tax and the Welfare-Warfare State"
Last night, I was sitting at home minding my own business, drinking a beer taxed at 50%, and thinking about all of my contributions to society, including leading a moral life, serving in the Army, being frugal and saving money that provides the capit
By selling a block of its shares in General Motors Co. for $33 each — a price far below the "break-even" point — the government sharply reduced the chances of taxpayers fully recovering their $50 billion investment in the auto giant, a new report fro