Tag Archives : internal revenue service
Should the IRS Be Squandering $15 Million on P.R. Flacks to Improve its Image?
The overwhelming fiscal policy challenge for America is entitlement programs, as I explain in this set of videos. To protect America from becoming another Greece, we need personal retirement accounts for Social Security. We need vouchers for Medicare. And we need to block-grant Medicaid back to the states. Real reform can give people more security […]
read more...New Academic Study Confirms Previous IMF Analysis, Shows that Lower Tax Rates Are the Best Way to Reduce Tax Evasion
Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent. Simply stated, people respond to incentives. When tax rates are punitive, folks earn and report less taxable income, and vice-versa. When tax rates increase, sometimes they engage in tax avoidance, lowering their […]
read more...Obama Has United the World…in Opposition to Bad U.S. Tax Policy
Last year, I came up with a saying that “Bad Government Policy Begets More Bad Government Policy” and labeled it “Mitchell’s Law” during a bout of narcissism. There are lots of examples of this phenomenon, such as the misguided War on Drugs being a precursor to intrusive, costly, and ineffective money laundering policies. Or how […]
read more...Federal Court Ruling Ignores the Constitution and Gives More Power to the IRS
The tax code is punitive and corrupt, but the economic damage caused by a bad revenue system is just part of the problem. Thanks to a punitive “worldwide” approach to taxation, we have needless conflicts with other nations, leading the United States to side with high-tax governments and persecute low-tax nations. But the impact on […]
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A Painful Example of Obamacare’s Tax Complexity
As this image illustrates, the internal revenue code is a nightmare of complexity. And this chart shows how Obamacare is turning the health care system into a Byzantine nightmare. So what happens when you mix bad tax policy and bad health care policy? Well, you get this chart, which shows the maze that small business […]
read more...Growing Opposition to Obama’s IRS Proposal to Make Banks Put Foreign Tax Law above U.S. Tax Law
Why impose a regulatory burden on a weakened banking sector when it has nothing to do with enforcing American tax law?
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CF&P Praises U.S. Senators Behind Effort to Prevent Implementation of Destructive IRS Regulation
The Center for Freedom and Prosperity (CF&P) is praising three U.S. Senators for their leadership in introducing legislation that would prevent the IRS from implementing an unnecessary and destructive regulation.
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Senator Rubio vs. Rogue IRS Bureaucrats
Senator Rubio continues to impress with his Reagan-like efforts to restrain government and promote growth. His latest initiative is legislation to curtail rogue IRS bureaucrats who are seeking to use regulatory edicts to overturn 90 years of law. Here are excerpts from a report in The Hill. Sen. Marco Rubio (R-Fla.) and other Senate Republicans […]
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Baseball, Hot Dogs, Apple Pie, and Chevrolet…and the IRS
As a Yankees fan, it was particularly exciting that Derek Jeter became only the second player to get his 3000th hit with a home run. As a student of human nature, it was remarkable that the fan who caught the ball, Christian Lopez, returned it to Jeter instead of selling it for as much as […]
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FATCA Law is an International Version of Obamacare’s 1099 Provision, a Nightmare for Cross-Border Economic Activity that Is Undermining Investment in America
One of the tax increases buried in Obamacare was an onerous and intrusive “1099″ scheme that would have required businesses to collect tax identification numbers for just about any vendor and then send paperwork to the IRS whenever they did more than $600 of business. Send one of your sales people to New York for […]
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