A whining, arrogant, hypocritical, power-hungry, uber-tanned, snake-oil salesman runs the State of Florida. As if we needed more evidence that politicians are looking out for themselves and not the people they claim to serve we have the abandonment of the Republican party by Governor Charlie Crist simply because he’s likely to lose the Republican Senate primary [...]
Tags: Announcements · Politics
WebCPA reports that the federal government says it must improve the way it handles criminal tax investigation cases referred to the Justice Department for prosecution: The Treasury Inspector General for Tax Administration (TIGTA) evaluated the steady increase beginning in 2003 in the number of criminal tax cases pending in the prosecution pipeline at the Justice Department [...]
Tags: Announcements · Tax Crimes
Justin Higginbotham of the Tax Policy Blog writes of another attempt to tax the middle class via the backdoor: In Philadelphia’s desperate search for cash, a new tobacco tax can be added to the list of bad proposals meant to close the city’s reported $150 million budget gap—along with a soda tax and trash fee [...]
Tags: State Taxes · Tax Policy
The Treasury Inspector General for Tax Administration (TIGTA) issued a press release yesterday stating that 1.2 million people filed tax returns in 2007 using someone else’s social security number: WASHINGTON – An estimated 1.2 million tax returns filed in 2007 reported wages earned by taxpayers who used another taxpayer’s Social Security Number, a sign of possible identity [...]
Tags: Announcements · IRS procedure
The Associated Press reports that on Friday a UBS investor was sentenced to ten months prison time for federal tax evasion after claiming that he was compelled to hide his assets because his parents had lost everything fleeing the Nazi’s during the Holocaust. Taxpayer Jack Barouh says he had a psychological compulsion to hide his assets in a UBS [...]
Tags: International Taxation · Tax Crimes
WebCPA reports that Republican Senate candidate Marco Rubio is being investigated by the IRS: Rubio has been criticized in campaign ads for using his Republican Party American Express card to pay for personal expenses, including repairs to his family minivan, grocery bills, plane tickets for his wife, and retail purchases. Rubio blamed accounting errors and said he [...]
Tags: IRS Audits · Politics of Taxes
America’s founding fathers – Alexander Hamilton, George Washington, James Madison, Thomas Jefferson, Benjamin Franklin and John Adams - had some very wise things to say about taxes and government. Here are several that I think we would do well to consider today: Thomas Jefferson: The democracy will cease to exist when you take away from those who are willing to work [...]
Tags: American History · Philosophy · Politics of Taxes
