Paul Caron reports that nearly 280,000 current and former federal workers are delinquent in their tax obligations: Over 279,000 federal workers and retirees owed more than $3.4 billion in back income taxes in 2010 (up from $3.3 billion in 2009, $3.0 billion in 2008, and $2.7 billion in 2007). The cabinet departments with the largest percentages of [...]
Tags: News · Tax Collections
Here we go again. The indefatigable David Cay Johnston has twisted the results of a study that says that America, with it’s low tax rates, has the lowest rate of tax evasion in the civilized world into one that says America, because of it’s low tax rates, has the most tax evasion in the civilized world. Here’s Johnston’s [...]
Tags: News · Opinion · Politics of Taxes
It doesn’t take a fission engineer to deduce that more people would be willing to risk jail time to save 60% of their income than would be willing to risk jail time to save 25% of their income. Tim Lister of CNN.Opinion writes in Tax Evasion is a National Pastime in Southern Europe (emphasis added): “Wherever the [...]
Tags: Politics of Taxes · Tax Policy · The Economy
It is unfair for the government to demand that those who have followed the law and paid their taxes pay more taxes simply because federal bureaucrats are too lazy or too inc0mpetent to enforce the current laws. Here is how you raise revenues: Per IR-2011-94 (Sept. 15, 2011) IRS Shows Continued Progress on International Tax Evasion: The [...]
Tags: International Taxation · News · Tax Crimes · Tax Policy
If you watch and listen only to the mainstream media you might be excused for thinking that Republican presidential candidate Michele Bachmann is a militantly stupid, anti-government, clown. But if you dig deeper – which you always must do to find the truth about conservative women - you would find this Atlantic article written by Beth Reinhard and Lindsey [...]
Tags: IRS procedure · Legislative Watch · Politics · Politics of Taxes
Pete Davis of Capital Gains and Games has a great post about ways we might raise revenue without increasing taxes: If we could just come up with $400 billion of revenue increases that Grover Norquist wouldn’t classify as a tax increase, a debt limit deal could be cut within days. This is hardly the first [...]
Tags: Politics of Taxes · Tax Policy
“It’s deja vu all over again.” – Yogi Berra – Max Baucus (D-MT), Chairman of the Senate Finance Committee, said today that he wants to simplify the tax code to increase compliance rates and thereby close the tax gap. Here’s the press release (emphasis is mine): … Baucus said that as the tax reform process moves forward, it [...]
Tags: Announcements · Legislative Watch · News · Tax Policy
