Bruce Bartlett on Wealth Flight

Wednesday, May 9th, 2012

Bruce Bartlett writing for the New York Times in Will Rich People Desert the U.S. if Their Taxes Are Raised? says: In recent years, the number of Americans renouncing their citizenship has increased. According to the international tax lawyer, Andrew Mitchel, the number of Americans renouncing their citizenship rose to 1,781 in 2011 from 231 [...]

American Taxpayers’ Taxes Exceed their Living Expenses

Friday, May 4th, 2012

Kevin Duncan of The Tax Foundation writes in Americans Paying More in Taxes than for Food, Clothing, and Shelter: In 2012, Americans will pay approximately $4.041 trillion in taxes, which is $152 billion, or 3.9%, more than they will spend on housing, food, and clothing. … Between 1929 and the early 1980s, aggregate tax collections [...]

Shocker: Tax Preparation Outfit Named“Mo’ Money Taxes” isn’t Legit

Tuesday, March 20th, 2012

James Maule tells the story of a tax preparation company called Mo’ Money Taxes: One of my readers alerted me to a story of which I had been unaware. It involves a tax return preparation enterprise that has created nightmares for its clients. The story involves a business called Mo’ Money Taxes, which is based [...]

Former IRS Agent&Tax Preparer Orders Hit on Former Clients

Tuesday, March 6th, 2012

Fox News reports that a former IRS agent whose tax preparation business catered to a wealthy  clientele is accused of ordering at least two former customers killed as they  prepared to testify against him on fraud charges: Federal prosecutors say the targets were key witnesses against Steven Martinez, 50, who was charged last year with stealing  [...]

70% of Likely Voters Favor Reduced Tax Rates on Rich

Thursday, March 1st, 2012

From Paul Caron: The Hill, Hill Poll: Likely Voters Prefer Lower Individual, Business Tax Rates: Three-quarters of likely voters believe the nation’s top earners should pay lower, not higher, tax rates, according to a new poll for The Hill. The big majority opted for a lower tax bill when asked to choose specific rates; precisely 75% said the [...]

Does America Have More Poverty than Turkey?

Thursday, March 1st, 2012

Liberals like Chris Matthews mock conservatives when they point out that the left uses uber-radical Saul Alinsky’s scorched earth tactics in order to shove their statist agenda down our throats, but here is yet another case in point that shows that is precisely what they are doing. Dan Mitchell of Cato reports that the OECD has produced [...]

Did Media Matters Pay $850,000 to Silence IRS Whistleblower?

Wednesday, February 29th, 2012

From Paul Caron:  Media Matters Paid Former Domestic Partner $850k ‘Blackmail’ Settlement After Threat to Inform IRS: Fox News, Media Matters Boss Paid Former Partner $850k ‘Blackmail’ Settlement: Media Matters chief David Brock paid a former domestic partner $850,000 after being threatened with damaging information involving the organization’s donors and the IRS – a deal [...]

Tax Protester Cindy Sheehan Exploits Son’s Death to Avoid Paying Taxes

Saturday, February 25th, 2012

“Bush’s main goal is to kill as many servicemen as possible.” – Cindy Sheehan –  “My son was killed in 2004. I am not paying my taxes for 2004. You killed my son, George Bush, and I don’t owe you a penny…you give my son back and I’ll pay my taxes. Come after me (for [...]

Beware of Nutty AICPA Scam Notices

Wednesday, February 22nd, 2012

Has anyone else gotten an email spam like this? You’re receiving  this notification as a Certified Public Accountant and a member of AICPA. Having trouble reading this email?   Termination of Accountant status due to income tax fraud allegations Dear AICPA member,We have been notified of your alleged involvement in tax return fraud on behalf of one of your [...]

When a Tax Lie is a Statistic You Don’t Like

Wednesday, February 22nd, 2012

Heritage: Nearly Half of All Americans Don’t Pay Income Taxes Heritage Foundation: Chart of the Week — Nearly Half of All Americans Don’t Pay Income Taxes: (Hat Tip: Paul Caron) Bookmark & Share:

Fighting Racism with Racism

Wednesday, February 15th, 2012

Transcripts of First Organizional Meeting of the Unfair Campaign against Racism Chairman of the Board: The goal of our organization is to get people to speak more honestly about race in America; to encourage an honest dialogue and understanding between the races. Major Funder:  Great! I move that we encourage people to talk honestly about race by placing dozens of [...]

Greece and the Inevitable Consequences of Socialistic Policies

Monday, February 13th, 2012

When you treat adults like infants who can’t wipe their own butts, you shouldn’t be surprised if they have tantrums when you stop wiping their butts for them. The Telegraph reports that Greek protestors greet bailout vote with fire-bombs: Fire-bombs and tear gas greeted negotiations at Greek Parliament on Sunday over the contraversial loan and austerity package [...]

7th Circuit Affirms Tax Court: No Charitable Deduction for Donation of House to Fire Department

Friday, February 10th, 2012

In 2009 I wrote in IRS is Right To Deny Charitable Contribution of Home to Fire Department that, Taxpayers who donate their homes to the fire department in exchange for the fire department’s promise to demolish the home clearly are receiving value in exchange for the property. The taxpayer and the fire department have entered into a [...]

Good Riddance: J.K. Harris Shuts Down

Tuesday, February 7th, 2012

The second unscrupulous player in the tax resolution business has been forced to shut its doors as a result of thousands of consumer complaints and several government investigations. Paul Caron has the story: JK Harris Tax Resolution Firm Closes its Doors Consumer Affairs, JK Harris Suspends Operations, Prepares to Liquidate: Tax-Preparation Firm Swamped by Consumer [...]

New IRS Rules: Obamacare Tax Rules Document Dump

Sunday, February 5th, 2012

Michelle Malkin reports that the transparency President has done another one of his patented Friday afternoon document dumps,¹ this time with the voluminous and highly complex IRS rules for implementing the tax provisions of Obamacare: (footnote is mine). If it’s Friday, it’s another White House dump day. Cue the dump truck horn: Doot! Doot! Doot! While Obama [...]

Justice Ginsburg Disses Constitution She Swore to Uphold

Saturday, February 4th, 2012

If you wonder why conservatives are so concerned about Democrats stacking the court with liberals, read Eugene Volokh’s blog post reporting that Justice Ruth Bader Ginsburg appeared on Egyptian television and warned developing nations of the world not to use the U.S. Constitution as a model (emphasis is mine): Liberty Counsel points to these these excerpts of an interview with [...]

Taxpayer Advocate Nina Olson’s Starts Blog

Tuesday, January 31st, 2012

My favorite IRS employee has started a blog. Paul Caron reports: National Taxpayer Advocate Nina Olson has started a blog: Welcome to the National Taxpayer Advocate’s blog about taxpayer  rights and taxpayer burden. For starters, let me explain that I use the  term “taxpayer rights” here to mean not only statutory rights but also  the [...]

280,000 Federal Workers are Tax Deadbeats

Monday, January 30th, 2012

Paul Caron reports that nearly 280,000 current and former federal workers are delinquent in their tax obligations: Over 279,000 federal workers and retirees owed more than $3.4 billion in back income taxes in 2010 (up from $3.3 billion in 2009, $3.0 billion in 2008, and $2.7 billion in 2007). The cabinet departments with the largest percentages of [...]

Pro-Tax Candidate John Kerry’s Tax Rate Lower Than Anti-Tax Candidate Mitt Romney’s

Wednesday, January 25th, 2012

John Kerry, the Democratic nominee for President in 2004, paid a lower rate of taxes than Mitt Romney paid in 2010. Of course, we didn’t hear much about Mr. Kerry’s low tax rate from the mainstream press even though, unlike Romney, he thinks the rich are undertaxed. It almost seems unfair to point out that unlike Mr. Romney, who [...]

Tax Unfairness: Bottom 99% Pays Only 63% of Income Taxes

Tuesday, January 17th, 2012

In a 2007 blog post appearing in The American Stephen Moore reported that the top one percent of American income earners pay 37% of the federal income tax: The latest data show that a big portion of the federal income tax burden is shoul­dered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 [...]