The Brass Tax of Politics

How Many Taxes Hikes Has Obama Proposed So Far? How ‘Bout 442?

Americans for Tax Reform (ATR) has done an analysis of taxes that Obama has proposed since taking office, by looking the Obama administration budgets for FY2010 – FY2015.

“The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law as part of Obamacare.

Here’s a breakdown of potential taxes by by budget year:

“-79 tax increases for FY 2010

-52 tax increases for FY 2011

-47 tax increases for FY 2012

-34 tax increases for FY 2013

-137 tax increases for FY 2014

-93 tax increases for FY 2015

“History tells us what Obama was able to do. This list reminds us of what Obama wanted to do,”

Obama Pays Tax Rate of 20%, Contributes Less to Charity

With a few days left before taxes are due, President Obama released some information regarding his 2013 taxes. Obama makes $400,000 in income as President, and he reported a total an adjusted gross income of $481,098. Income from book sales … [Continue reading]

Tax Freedom Day Has Moved Up Another Three Days

Cal_TFD_Web

The Tax Foundation releases an annual "Tax Freedom Day" report, which calculates "the day when the nation as a whole has earned enough money to pay its total tax bill for year". This is done by looking at federal budget projections, data from the … [Continue reading]

IRS Decides No New Changes to 501c4s — This Year

Last week, the Commissioner of Internal Revenue Service, John Koskinen, spoke to the National Press Club on a variety of matters. One of the items he discussed was the proposed regulation changes to 501c4s. As I mentioned earlier, the citizen … [Continue reading]

Why the Proposed 501c4 Regulation Change is Such a Big Deal

The IRS recently proposed major changes to the way not-for-profit 501c4 organizations operate, which would effectively and severely limit their ability to engage in advocacy. These are your social welfare organizations, for which advocacy for “the … [Continue reading]

An Overview of the IRS Proposed Changes to 501c4s

Mat Staver from the Liberty Council put together a good overview of the proposed changes to Social Welfare Organizations (501c4s). Below is a partial list that attempts to define political activity, changing the language that has stood for more than … [Continue reading]

The IRS Will Not have Their “Targeting” Investigation Completed by the 2014 Elections

The Washington Times reports that the IRS will not be able to finish their investigation regarding the targeting of Tea Party and other groups, until far after the 2014 elections: "John Koskinen, the man President Obama tapped to clean up the … [Continue reading]

Another Obamacare Tax Clarified by the IRS

So, the tax that was supposed to hit high income earners now also can affect children under certain conditions involving investment. Taxpayers -- take note! The Weekly Standard discusses a newly clarified component of the Obamacare 3.8% Investment … [Continue reading]

Quickly Noted: Putin and Obamacare

russia

This is pretty clever … [Continue reading]