Beachfront in Bermuda, one of the most popular offshore tax haven locales.By: Ekem
So Ted Cruz is running for President, and wants to abolish the IRS.Back in the wake of the “IRS Scandal”—that is, when the public became aware that the IRS was selectively targeting nominally conservative or Tea Party-associated groups for tax audits, Cruz’s solution was to eliminate the federal body altogether.
Don't ever think of telling President Obama he is a lame duck. He has too many things he still wants to accomplish before he leaves and beginning the process of lifting up the middle class is at the top of his list.
If you ever want to see a 'real life experiment' on how to turn Ayn Rand's philosophy into a state wide policy, then look no further than Kansas. Governor Brownback coasted to election four years ago on his promise to make Kansas a bastion of conservative orthodoxy.
The corporate tax rate is a heavily debated topic in this country. And many on the far right and those on the side of big business sight that upwards of a 35% corporate tax rate is far too high a premium to pay in taxes, just to do business in the United States.
The tax preparation industry is one of those industries that everyone loves to hate. Since the average American doesn't understand the tax code, these organizations step in and promise to take care of everything for you. All you need to do is give them a hefty fee and voila, your taxes are now done. If you're lucky, you'll get some money back.
Several months behind Colorado, but still only the second state in our union to do so, Washington state has begun to officially sell recreational marijuana. Sales began on July 8th. As with Colorado, the first day of sales was largely celebratory and more historic in nature, than anything else.
The EITC (or Earned Income Tax Credit) is one of the largest and most effective tax stimulus credits the federal government has ever installed into the economy and tax system. This refundable tax credit's goal is to help out the millions of Americans that struggle to make ends meat every year.
Let me ask you a question or two…. Are you super wealthy and about to leave this world? Do you claim to love American but don’t want to be bothered to help your fellow Americans? Does the idea of losing money, yet still having more than you could ever spend, scare you to death? Fear not! You now have a way of paying less tax on your estate. First, let’s meet Harold Simmons.
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