Tax Politics
The Politics of Taxes
IRS Tax Tip 2016-41: Interest Rates
Interest Rates Remain the Same for the Second Quarter of 2016 WASHINGTON – The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2016. The rates will be: three (3) percent for overpayments...
Trump’s Economic Ignorance
The great Don Boudreaux a friend of mine, made mention of this picture last week over on his superb blog, Cafe Hayek. The picture is apparently a favorite among Trump supporters. "What to say? Perry Potts Eidelbus, a Facebook friend, describes it as “a distillation of...
Obama Wants Your Phone Access To “Prevent Terrorism” and “Enforce Tax Laws”
Obama weighed in on the current Apple-government dispute, saying that access should be made necessary. From Reuters: U.S. President Barack Obama on Friday made a passionate case for mobile devices to be built in such a way as to allow government to gain access to...
Record Tax Revenue, Again
CNSNews remains a go-to source for analyzing information on the U.S. Treasury, tax revenue, and such. Here they are again, scrutinizing tax receipts for FY2016 through the end of February. In a nutshell, the U.S. government continues to run a deficit, and the amount...
Obamacare Tax Penalty Increases
Based on data from H&R Block as we are halfway through filing season, it is apparent that compliance with the Obamacare penalty is still a difficult task. This is the second year that the penalty has been levied; for 2014 taxes, the fee was $95 or 1 percent of...
45% of Households Pay No Federal Taxes
Every year, the various tax agencies calculate how many Americans do not pay a federal income tax. The 2015 tax year number estimates that 77.5 million households, which is 45.3%, according to the research Tax Policy Center. This number is only for federal taxes and...