From the I-am-not-responsible-for-my-own-choices department, WebCPA reports that an Ohio man faced with foreclosure and outstanding tax liens on his business bulldozed his house to avoid turning it over to the bank: Terry Hoskins bulldozed his home in Moscow, Ohio, after RiverHills Bank began foreclosure proceedings. “When I see I owe $160,000 on a home valued at $350,000, [...]
Tags: News · The Economy
Senat0rs Ron Wyden (D-OR) and Judd Gregg (R-NH) published an op-ed in yesterday’s Wall Street Journal titled A Bipartisan Plan for Tax Fairness: The U.S. Shouldn’t Have One of the Highest Corporate Rates in the World in which they propose a tax simplification plan (emphasis added): There is an important issue looming on the congressional horizon: how to address the expiration [...]
Tags: Legislative Watch · Tax Policy
“We all have private ails. The troublemakers are they who need public cures for their private ails.” – Eric Hoffer - I try not to parry with the paranoid, but in this case I will make an exception just to show how wackozoid tax protesters can be. Over the years I have been confronted by several dozen tax protesters peddling [...]
Tags: Absurd Tax Protester Arguments · Opinion
Enacted in 1978, §530 is a safe harbor law that lists several conditions which if met allows workers to be treated as independent contractors rather than employees. Joe Stack was compelled to burn his house down murder with his wife and children in it and fly his plane into the side of a federal building because 24 years ago Congress [...]
Tags: Absurd Tax Protester Arguments · Employer Issues
As expected, demogogues from both sides of the political spectrum have been exploiting yesterday’s bombing of an Austin, Texas federal building by Andrew Joseph Stack. Liberal bloggers claim that Stack was the quintessential tea partier who hated government, taxes and the IRS. Conservative bloggers claim that Stack was a model socialist who hated organized religion, big business and the rich. They’re both [...]
Looks like naked money grabs have consequences after all. Leslie Kwoh of the Star Ledger writes about the massive flight of the wealthy from the state of New Jersey (emphasis added): More than $70 billion in wealth left New Jersey between 2004 and 2008 as affluent residents moved elsewhere, according to a report released Wednesday that marks [...]
Tags: State Taxes · Tax Policy
AMSNBC.com reports that a man named Andrew Joseph Stack (pictured at right) of Austin, Texas crashed his plane into a federal building today: A man upset with the Internal Revenue Service set fire to his home, got into his small plane and crashed it Thursday into a multistory office building that houses federal tax employees, authorities said. [...]
Tags: News
