tax

Guess Who Really Pays the Taxes

Guess Who Really Pays the Taxes

The Obama Mantra: Tax Breaks for Millionaires and Billionaires, Oil Companies, Hedge Fund Managers, Corporate Jets Owners Yes, income in America is skewed toward the rich. But taxes are skewed far, far more. The top 5 percent pay well over [...]

President Obama Blasts Republicans because of Private Jet Tax Breaks…  But they were Created the Democrat Stimulus Bill

President Obama Blasts Republicans because of Private Jet Tax Breaks… But they were Created the Democrat Stimulus Bill

The chief economic culprit of President Obama’s Wednesday press conference was undoubtedly “corporate jets.” He mentioned them on at least six occasions, each time offering their owners as an example of a group that should be paying more in taxes. [...]

Media Matters violating its Tax exemption by actively participating in partisan political activities, Tell the IRS

Media Matters violating its Tax exemption by actively participating in partisan political activities, Tell the IRS

When was the last time you saw Media Matters for America do a hit Job on MSNBC?  How about left wing politics?  No?  Well it happens that MMFA is a Tax Exempt organization and has applied for taxpayer dollars as [...]

Rangel sells Dominican Republic villa at heart of Tax scandal

Rangel sells Dominican Republic villa at heart of Tax scandal

Harlem Rep. Charlie Rangel unloaded the vacation villa in the Dominican Republic that nearly sank his political career. Rangel sold his Punta Cana beach villa for a song, between $100,000 and $250,000, congressional financial disclosure forms made public Wednesday show. Rangel, [...]

GAO: Billions in stimulus contracts went to tax delinquents

GAO: Billions in stimulus contracts went to tax delinquents

Didn’t Joe Biden say things like this would not happen “on my watch”? A Senate panel on Tuesday will examine how more than $24 billion in stimulus funds went to contractors or organizations that owe the federal government millions in [...]

Doing the math: President Obama’s plan to tax the rich will hardly make a dent in the deficit

Doing the math: President Obama’s plan to tax the rich will hardly make a dent in the deficit

The President will give a speech tonight on how he plans to solve America’s deficit problem by taxing the rich. From a distributional point of view, I have nothing against taxing the rich. Further, while it true fact that taxes [...]

Who are the Patriotic Millionaires? Is a real Patriot a strong supporter of Country or a political party?

Who are the Patriotic Millionaires? Is a real Patriot a strong supporter of Country or a political party?

Here  is the so called “patriotic millionaires” .  Since their first letter  from November 22, 2010,  they have added another 55 to their ranks.  A Patriot is someone who shows strong support for their country, one who is willing to [...]

Capital Cronyism from Walker’s Wisconsin to Obama’s Tax evading G.E.consultant in the White House

Capital Cronyism from Walker’s Wisconsin to Obama’s Tax evading G.E.consultant in the White House

Op-Ed by Albert N. Milliron, Editor, Iron ill News Service (Columbia, S,C,)–When Democrats ran for the Presidency, they emphatically made it clear that there would be no business as usual as occurred in the White House during the Bush years. [...]

White House defends General Electric despite not paying taxes in 2010 and accepting $3.2B in Corporate Welfare

White House defends General Electric despite not paying taxes in 2010 and accepting $3.2B in Corporate Welfare

Seems that President Obama wants everyone to “spread the wealth around” and pay their fair share of taxes.  The Critic of Corporate welfare, Obama seems a bit hypocritical embracing GE CEO as part of his Jobs team.  To make it [...]

Democratic Senator Claire McCaskill wants you to pay taxes but forget her Nearly $300,000 in Unpaid Tax

Democratic Senator Claire McCaskill wants you to pay taxes but forget her Nearly $300,000 in Unpaid Tax

Any way you slice it, $287, 273 is a lot of money, especially in this economy. For one-term Senator Claire McCaskill, D-Mo., up for re-election in 2012, that’s the amount of personal property taxes she failed to pay since 2007 [...]

IRS gets a 1.1 Billion boost in Obama Budget why?

IRS gets a 1.1 Billion boost in Obama Budget why?

Seems like the White House is emphasizing two different angles on the 1.1 Billion increase for the Internal Revenue Service in Obama’s Budget.  To Reporters the increase is to  answer questions and provide quality information to taxpayers.  But on the [...]