A report from Treasury’s Inspector General found that the IRS misused a law aimed at cracking down on organized crime and terrorism to target innocent individuals and businesses. Agents adopted a policy of seizing cash before investigating for other wrongdoing because it was just easier to seize the money of innocent people than hardened criminals […]
Taxpayers Spend 6.1 Billion Hours, $234 Billion Per Year on Tax Compliance…
Taxpayers spend 6.1 billion hours a year just to comply with the federal tax code, according to experts at a Tax Foundation event on Monday. Pete Sepp, president of the National Taxpayers Union, said that tax compliance costs taxpayers $234 billion per year in direct costs and lost productivity. “The problem is the status quo—thinking […]
California, Nestle, And Decentralization…
Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs. The once Golden State has lost some 1690 businesses since 2008 and a net outflow of a million of mostly middle-class people from the state from 2004 to 2013 due to its onerous […]
New Protest Idiocy Lows: “Resisting” By Not Paying Federal Taxes…
If you thought the last round of protest idiocy was counterproductive, you ain’t seen nuthin’ yet. Just when you think they’ve hit rock bottom, the liberal protests hit new lows. The Guardian recently published an article detailing a revival in “tax resistance,” which is a practice of not paying your taxes to “resist” government…
$1.08 Trillion: Gov’t Collects Record-High Taxes in First Four Months of Fiscal 2017…
The federal government collected a record $1.08 trillion in taxes in the first four months of fiscal year 2017, but the federal government still ran a $157 billion deficit during that time, according to the latest monthly Treasury Department statement. Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and […]
The Challenge to Trump’s Order? It’s a Lot About the Money by Byron York…
Judging by the briefs filed by Washington State, as well as statements made by its representatives, some of the state’s top priorities in challenging Trump are: 1) To ensure an uninterrupted supply of relatively low-wage H-1B foreign workers for Microsoft and other state businesses; 2) To ensure a continuing flow of high-tuition-paying foreign student visa […]
The Challenge To Trump’s Executive Order Limiting Visas is Motivated by “The Money”… Trillions of It…
Byron York has done some yeomans work analyzing the angles within the Trump executive order and temporary Visas suspension. York’s most recent outline on the monetary influence behind Washington State’s financial interest is directly on target. 1) To ensure an uninterrupted supply of relatively low-wage H-1B foreign workers for Microsoft and other state businesses; 2) […]
Clinton Foundation to Lay Off Dozens of Staff…
$422 Billion: Government Collects Record Taxes in First Two Months of FY 2017…
Apple Is Named the Biggest U.S. Corporate Tax Avoider Booking $218 FRIGGIN BILLION Dollars of Profit in Offshore Accounts…
Apple has been named as the biggest corporate tax avoider in the United States after booking $218.55 billion (£171.6 billion) of profit offshore last year. The tech giant was able to save $65.08 billion (£51.1 billion) that it should have paid in tax thanks to its convoluted arrangements…