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"


    Breaking: Another Judge Strikes Down Federal Subsidies in Obamacare

    Ruling from the Pruitt vs Burwell Obamacare case. Summary: Federal Courts just hammered Obamacare yet again. The judge sided with the DC panel opinion that the language referring to “state exchanges” meant just that — State, not federal. This strikes against the federal exchanges set up later by the IRS. From the ruling “The court holds that the IRS Rule is arbitrary, capricious, an abuse | Read More »

    The Internet Tax is an Unfair Revenue Grabber

    Discussion began heating up again about the “internet tax” last week when lawmakers pushed back the moratorium on Internet access taxes — set to expire on Nov. 1 — until mid-December during the lame-duck session. In the meantime, let’s call it out for what it really is: a revenue grabber masquerading as “fairness”. Last year the Senate passed the online sales tax bill, formally known | Read More »

    Chuck Todd is Officially Irrelevant

    Whatever shred of relevancy Chuck Todd hoped to achieve as the new moderator of “Meet the Press” just collapsed yesterday during his MSNBC interview regarding the resignation of Attorney General Eric Holder. Chuck Todd eulogizes Eric Holder as “a non-political person”: “He did a lot of the tough stuff that you would say, ‘Hey, the attorney general has to do tough stuff, this is not | Read More »

    New Inversion Rules Seek to Punish Businesses, Not Raise Revenue

    The Department of the Treasury announced last night that it has implemented new rules aimed at making it more difficult for U.S. companies to move their headquarters abroad, which is known as an “inversion”. The rules take immediate effect. Interestingly enough, when Obama began his crusade against inversions earlier this summer, Secretary of the Treasury Jack Lew was adamant enough that rules changes must originate | Read More »

    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 »

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