Tax Politics
The Politics of Taxes
Liberal SuperPAC Uses Animal Farm Logic to Attack Koch Bros, Defend Soros
This would be really funny if it wasn't so sad. Brad Woodhouse is President of American Bridge 21st Century, a SuperPAC that "monitors what Republican politicians say and fights back when their rhetoric doesn't match their records." This is a PAC well known to be...
Losing Out on A Pulitzer Prize: Ignoring the Ongoing IRS Scandal
The latest revelations in the never-ending IRS Scandal are pretty headline-worthy, but hardly a pip is being heard from the MSM, again. First, Judicial Watch has revealed, and the Department of Justice has confirmed, that the missing emails of Lois Lerner do indeed...
New TIGTA Report Shows Obamacare Revenue Lagging, IRS Snagging
According to the Treasury Inspector General for Tax Admininstration (TIGTA), the 2.3% medical device excise tax enacted to help pay for Obamacare is not meeting targets. The tax went into affect January 1, 2013. The TIGTA report analyzed the returns for the first two...
Tax on Sugar? This is not 1764
On April 5, 1764, Parliament passed something called "The Sugar Act", which, interestingly, had another name: "The American Revenue Act". It was a modification of the 1733 Molasses Act, and it also affected other goods, such as wine and coffee. The Preamble to this...
Savings, Working, and Retirement
A study was released today that showed more than a third of Americans, (36%)a have saved nothing for retirement. That got me thinking about the idea of retirement and the state of retiring in this country. Everyone thinks they can retire at age 65. It’s an American...
The Latest Business Attack on MLPs is Just as Flimsy as the Inversion Crusade
Earlier this week, the business world was chattering about the news that Kinder Morgan, pioneer of the Master Limited Partnership (MLP) business model, was surrendering the MLP structure in favor of a more traditional corporation. This happened last Sunday. While many...