Bruce Bartlett writing for the New York Times in Will Rich People Desert the U.S. if Their Taxes Are Raised? says: In recent years, the number of Americans renouncing their citizenship has increased. According to the international tax lawyer, Andrew Mitchel, the number of Americans renouncing their citizenship rose to 1,781 in 2011 from 231 [...]
Tags: News · Politics of Taxes · State Taxes · The Economy
Kevin Duncan of The Tax Foundation writes in Americans Paying More in Taxes than for Food, Clothing, and Shelter: In 2012, Americans will pay approximately $4.041 trillion in taxes, which is $152 billion, or 3.9%, more than they will spend on housing, food, and clothing. … Between 1929 and the early 1980s, aggregate tax collections [...]
Tags: News · Tax Policy
James Maule tells the story of a tax preparation company called Mo’ Money Taxes: One of my readers alerted me to a story of which I had been unaware. It involves a tax return preparation enterprise that has created nightmares for its clients. The story involves a business called Mo’ Money Taxes, which is based [...]
Tags: News · Regulation of Tax Preparers · Tax Crimes · Tax Tips
Fox News reports that a former IRS agent whose tax preparation business catered to a wealthy clientele is accused of ordering at least two former customers killed as they prepared to testify against him on fraud charges: Federal prosecutors say the targets were key witnesses against Steven Martinez, 50, who was charged last year with stealing [...]
Tags: News · Tax Crimes
From Paul Caron: The Hill, Hill Poll: Likely Voters Prefer Lower Individual, Business Tax Rates: Three-quarters of likely voters believe the nation’s top earners should pay lower, not higher, tax rates, according to a new poll for The Hill. The big majority opted for a lower tax bill when asked to choose specific rates; precisely 75% said the [...]
Tags: Campaign 2012 · News · Politics of Taxes
Liberals like Chris Matthews mock conservatives when they point out that the left uses uber-radical Saul Alinsky’s scorched earth tactics in order to shove their statist agenda down our throats, but here is yet another case in point that shows that is precisely what they are doing. Dan Mitchell of Cato reports that the OECD has produced [...]
From Paul Caron: Media Matters Paid Former Domestic Partner $850k ‘Blackmail’ Settlement After Threat to Inform IRS: Fox News, Media Matters Boss Paid Former Partner $850k ‘Blackmail’ Settlement: Media Matters chief David Brock paid a former domestic partner $850,000 after being threatened with damaging information involving the organization’s donors and the IRS – a deal [...]
Tags: News
