Archives for July 2010

Why Cut Taxes on the Rich if the Rich Aren’t Spending Their Money?

Why Cut Taxes on the Rich if the Rich Aren’t Spending Their Money?

A fellow named Bruce Webb posting at Angry Bear suggested that allowing the tax cuts to expire on the top 2% of Americans might not hurt the economy since these folks aren’t lending and spending…

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Brookings Institute: State and Federal Unemployment Taxes are Regressive so Let’s Raise Them

Brookings Institute: State and Federal Unemployment Taxes are Regressive so Let’s Raise Them

Two weeks ago in a roundtable talk sponsored by The National Academy of Social Insurance Gary Burtless of the Brookings Institute said the unemployment payroll tax is a scandalously regressive tax on workers. He’s right, except for one tiny problem: The unemployment…

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Central Florida Man Who Stole 500K from IRS While Behind Bars Pleads Guilty

Central Florida Man Who Stole 500K from IRS While Behind Bars Pleads Guilty

ABC affiliate WTFV.com reports that William Albritton pleaded guilty to stealing a half million dollars from the IRS while in jail: Documents WFTV obtained show William Albritton filed hundreds of fake tax returns and claimed prison guards,…

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TIGTA Press Release: Why You Should Challenge an IRS Lien

TIGTA Press Release: Why You Should Challenge an IRS Lien

The Treausry Inspector General for Tax Administration (TIGTA) has today issued the following press report (emphasis added): IRS DOES NOT ALWAYS PROTECT TAXPAYERS’ RIGHTS WHEN FILING LIENS, TIGTA FINDS: WASHINGTON – The Internal Revenue Service (IRS) is…

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A Tax Un-Cut!

A Tax Un-Cut!

Somethings are so perfect you just have to quote them. Christopher Beam of Slate posed a question yesterday in a post about whether or not the Bush tax cuts should be extended: When is a…

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