On the Issues (a great website) shows Ted Kennedy’s votes on 18 major tax bills of the last decade: Voted YES on increasing tax rate for people earning over $1 million. (Mar 2008) Voted NO on allowing AMT reduction without budget offset. (Mar 2008) Voted NO on raising the Death Tax exemption to $5M from $1M. (Feb [...]
Tags: Legislative Watch
Senator Max Baucus (D-MT), chairman of the Senate Finance Committee, says that the UBS prosecutions are just the beginning of the IRS’s crackdown on foreign tax evasion. Here’s the report from TaxNews.com: The two senior members of the tax-writing Finance Committee of the US Senate have warned that the recent settlement between the Internal Revenue [...]
Tags: Legislative Watch · Tax Crimes
Whether you liked him or not, Ted Kennedy was a beast in American politics. The only of four brothers to have died from natural causes, here’s what Time Magazine said about him: [B]y the time of his death in Hyannis Port at the age of 77, he had 46 working years in Congress, time enough to leave [...]
Tags: News
Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. – Hamlet, Act I, Scene iii - From the Associated Press: In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all [...]
Tags: News
Under current law if a taxpayer can show that his failure to comply with a tax law was due to reasonable cause (i.e. not the result of willful negligence), the penalties will be abated. James Peaslee in a column written for the Wall Street Journal says that there are provisions hidden in the House’s healthcare reform bill [...]
Tags: healthcare reform · IRS Penalties
“What visions burn, what dreams possess him, Seeker of the night? The faultless velvet of the diamond, The mounting roar of 80,000 voices And Gehrig coming to bat…” – Thomas Wolfe – Do you think the federal government can efficiently run the nation’s healthcare system? You might want to think again. The Associated Press reports that 1,200 [...]
Tags: healthcare reform · News
Marilyn vos Savant is a national columnist and author who was listed in the Guinness Book of World Records for five years under “Highest IQ” for both childhood and adult scores. Marilyn is married to Robert Jarvik, the inventor of the artificial heart. Here is Parade Magazine’s Ask Marilyn column for Sunday, August 23, 2009: [...]
Tags: Tax Policy
