Tax Politics
The Politics of Taxes
IRS Bulletin: Taxpayers Abroad Must File by June 15; Extensions; FBAR
Issue Number: IR-2017-105 Inside This Issue Taxpayers Abroad Must File by June 15; Extensions Available; New Filing Deadline Now Applies to Foreign Account Reports WASHINGTON — The Internal Revenue Service today reminded taxpayers living and working abroad that...
“Disparate Impact” and Minimum Wage
The idea of “disparate impact” holds that a defendant can be held liable for racism and discrimination for a race-neutral policy that statistically disadvantages a specific minority group even if that negative “impact” was neither foreseen nor intended. This tactic...
Puerto Rico Votes For Statehood in Non-Binding Referendum
23% of Puerto Ricans voted today for a statehood referendum, and 97% of them cast a vote in favor of it. 1.5% percent voted for independence from the United States, according to Decision Desk HQ, while 1.3% voted to keep the current status of a territory of the...
Single Payer California: High Price Tag, No Plan
From the LATimes: A proposal to adopt a single-payer healthcare system for California took an initial step forward Thursday when the state Senate approved a bare-bones bill that lacks a method for paying the $400-billion cost of the plan. The proposal was made by...
How Trump Needs to Repeal and Replace
President Donald Trump told the American public that he wants to keep Obamacare, at least to the extent of the provisions that protect individuals with pre-existing conditions and allow 26 years olds to stay on their parent’s plan. This is, in fact, a ridiculous...
Tax Return Shenanigans Not a New Thing
The National Review reprinted an article from their archives, first written on May 30, 1994. It recounts the media treatment of George Bush, Sr.'s tax returns from 1991. Not surprisingly, the analysis omitted certain facts from the return to make the Bushes appear to...