They call me "America's Accountant", with more than 40 Years of experience A libertarian and fiscal conservative from New York. Read my take on taxes, politics, and financial news of the day here on RS and at my website, , "The Brass Tax of Politics"


    More Abject Failure from Koskinen’s IRS

    John Koskinen has failed the IRS and the American people. IRS Commissioner John Koskinen testified last week about the missing emails lost forever due to computer failures. When questioned about any more crashes or computer issues recently, Koskinen told the House Oversight and Government Reform subcommittee that “Hard drive crashes continue as we speak.” Can someone please buy the IRS reliable computers and a backup | Read More »

    U.S. Ranks 32 out of 34 Countries In New Global Tax Index

    The Tax Foundation released its first global stat called the “International Tax Competitiveness Index”. This index aims to measure two criteria, competitiveness and neutrality, by examining “the extent to which a country’s tax system adheres to”, these “two important principles of tax policy”. The index accounted for more than 40 tax positions and policies. In their analysis, two of the most damning reasons for ranking | Read More »

    IRS: Following the Law is Not An Absolute

    Thanks to the folks over at CATO, we have a video of the current IRS Commissioner John Koskinen, speaking before the Ways and Means Health Subcommittee early this week. He was being questioned about taxes and Obamacare, and asked about subsidies being repaid. Chairman Brady said, “The law in that case is that there is not a cap. Subsidies must be repaid. Will you be | Read More »

    Bernie Sanders Wants Rich People To Die

    At least you can say Bernie Sanders is ideologically consistent. The self-proclaimed socialist unabashedly declared on Saturday that “we need a tax system which asks the billionaire class to pay its fair share of taxes and which reduces the obscene degree of wealth inequality in America.” It was particularly fitting that the speech was at an AFL-CIO convention. Sander’s sentiment echos that of another famous | Read More »

    Applying “Disparate Impact” Theory to the IRS Abuses

    The idea of “disparate impact” is a cancer that has taken root in the business world. If we do not focus on substantially curbing or ending it, it will continue to grow, extorting huge sums from innocent companies, creating an enormous economic burden on society, and allowing the tort bar to run amok. There are many areas in business where charges of “discrimination”, often regarding | Read More »

    The Fed: Economy is Gloomy Because Americans are “Hoarding Money”

    The Fed: Economy is Gloomy Because Americans are "Hoarding Money"

    In a moment of recent hand-wringing, the Fed examined the question of why inflation has stayed extremely low in the United States despite all the efforts of quantitative easing money pumping. Their answer: American consumers are mainly to blame. Yes indeed. In a paper released this week by the St. Louis Federal Reserve, the Fed cites “low level of money movement in large part on | Read More »

    United States Jacks Up Exit Fee For Those Renouncing Citizenship

    Just like the recent rise of business inversions — moving business HQ abroad — the United States has seen an uptick (up 221%) in Americans renouncing their citizenship. The elephant in the room in both these cases is taxes: both high taxes and burdensome tax compliance in foreign jurisdictions. Instead of facing the problems directly, the Obama Administration has resorted to punitive measures. The shame | Read More »

    Liberal SuperPAC Uses Animal Farm Logic to Attack Koch Bros, Defend Soros

    This would be really funny if it wasn’t so sad. Brad Woodhouse is President of American Bridge 21st Century, a SuperPAC that “monitors what Republican politicians say and fights back when their rhetoric doesn’t match their records.” This is a PAC well known to be funded by billionaire George Soros. So when Mr. Woodhouse pushed out a news story entitled, “GOP Senate Candidates Bow at | Read More »

    Losing Out on a Pulitzer Prize: Ignoring the IRS Scandal

    The latest revelations in the never-ending IRS Scandal are pretty headline-worthy, but hardly a pip is being heard from the MSM, again. First, Judicial Watch has revealed, and the Department of Justice has confirmed, that the missing emails of Lois Lerner do indeed exist; second, that the content of one of Lois Lerner’s Blackberrys was destroyed after the Congressional investigation began in 2012. The entire | Read More »

    New TIGTA Report Shows Obamacare Revenue Lagging, IRS Snagging

    According to the Treasury Inspector General for Tax Admininstration (TIGTA), the 2.3% medical device excise tax enacted to help pay for Obamacare is not meeting targets. The tax went into affect January 1, 2013. The TIGTA report analyzed the returns for the first two quarters (6 months) of 2013, and found that the “excise tax revenue being reported are lower than estimated” for a total | Read More »

Page: 1234510   Last »