Tax Politics
The Politics of Taxes
Trump’s Obamacare Tax Reforms Should Not Be Considered a Tax Cut
I'm sick and tired of reading over and over again in places both liberal and conservative that Trump’s (as well as the Republican’s) proposed tax reforms are going to give the lion’s share of the cuts to the top 1%. The entire concept is totally distorted. In fact,...
What Trumps Tax Returns Really Tell Us About His Rate
The clearest example yet of Media abuse of Donald Trump has surfaced in connection with the recently released excerpts from Pres. Trump’s 2005 federal income tax return. The return shows clearly and unambiguously that he paid an effective federal tax rate of 78.2%....
Middlebury Mayhem
Daniel Henninger was spot on in his assessment of the Middlebury College in his article, “McCarthyism at Middlebury” in the Wall Street Journal. Students shockingly felt justified to attack Charles Murray, a conservative pundit, because he had a viewpoint that...
IRS Has Relaxed Rules Making the Obamacare Tax Penalty Payment Optional
In response to Donald Trump's Executive Order last week, the IRS altered its rules about tax returns and Obamacare's "shared responsibility" penalty. This is one of the methods of paying for Obamacare, and if collection of the penalty is not being strictly enforced,...
Humana Withdraws from Obamacare
Following in the footsteps of several major insurance companies in the past two years, Humana announced today that it will not be participating in the Obamacare exchanges in 2018, citing rising costs and risk pools. "The company said in a press release it has tried...
Virginia Attorney General Used Asset Forfeiture Funds For Staff Pay Raises
When assets are seized during federal investigations, the proceeds can be shared with law enforcement agencies who participate with federal agencies during the process. This is called Equitable Sharing, and both the Justice Departments and Treasury Departments can do...