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Our Tax Dollars at Work

November 21st, 2011 · 3 Comments

Fox News reports that a Florida public school administrator called the sheriff after a pair of consenting 12-year-olds shared a kiss on the playground: Lee County Sheriff’s deputies were dispatched to  Orange River Elementary School after two female students were debating over who liked a 12-year-old boy more. At that point, one of the girls walked over and  [...]

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Tags: News

David Cay Johnston Reports More Government Waste

November 3rd, 2011 · 2 Comments

Courtesy of Paul Caron in Johnston: Your Tax Dollars At Work, Unconstitutionally: Reuters, A Gift, From NY to Abu Dhabi, by David Cay Johnston: How does being taxed to give money to the oil-rich kingdom of Abu Dhabi and its hereditary ruler strike you?  The cost, if you live in New York State, comes to about [...]

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Tags: Corporate Tax · Politics of Taxes · Tax Policy

IRS Continues to Battle Tax Refund Fraud

November 1st, 2011 · 1 Comment

WebCPA reports that the IRS increased the number of fraudulent tax refund claims it detected and stopped during the 2011 tax-filing season by 171 percent over the previous year: As of April 30, 2011, the IRS had identified 775,723 tax returns with $4.6 billion claimed in fraudulent refunds and prevented the issuance of $4.4 billion, [...]

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Tags: IRS Audits · IRS procedure · Regulation of Tax Preparers · Tax Crimes

Taxes, Competition and Pricing

October 8th, 2011 · 10 Comments

If President Obama were like George Washington and could not tell a lie, this is what he would say to the American taxpayer: Yes, we are going to increase your taxes, but don’t worry. If we waste those funds, we’ll just increase your taxes again. An entity that can raise its “prices” without consequence (i.e. without the loss of “business” [...]

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Tags: Opinion · Philosophy

Government Pays $120 Million to Dead People (But you Better Not Overpay Those CEOs)

September 23rd, 2011 · No Comments

Ed O’Keefe of WaPo has the scoop on yet another case of government waste in Dead Federal Retirees are Paid $120 Million Annually, Report Says: The federal government pays out millions of dollars to dead people each year — including deceased retired federal workers, according to a new report. Inspector General Patrick E. McFarland, who [...]

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Tags: News · Politics · Politics of Taxes · The Economy

TIGTA Report: Unauthorized Workers Received $4.2 Billion in Refundable Tax Credits Last Year

September 1st, 2011 · No Comments

Here’s Exhibit “4,981″ showing why people who actually want to give more of their money to the federal government are a couple of ants short of a picnic: WASHINGTON – Individuals who are not authorized to work in the United States received billions of dollars from the Internal Revenue Service (IRS) last year in a [...]

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Tags: IRS procedure · News · Politics of Taxes

IRS Makes a lot of Math Errors

August 26th, 2011 · No Comments

The Treasury Inspector General for Tax Administration (TIGTA) has released Some Taxpayer Responses to Math Error Adjustments Were Not Worked Timely and Accurately (2011-40-059). Here’s a brief summary: Most (98.4%) of the approximately 8.6 million math error notices were agreed to by the taxpayer. However, our review identified that some responses in which taxpayers disagreed with the math [...]

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Tags: IRS procedure · Legislative Watch · Politics of Taxes