Judging from Gov. Bob McDonnell preoccupation with liquids one would almost think he’s a naval man, rather than an Army reservist. First he tried to free demon rum from state control by privatizing Virginia’s liquor stores. ABC privatization was DOA even with a Republican House of Delegates for reasons outlined here. Now Gov Bob is… Read More »
Below are the Whitehouse.gov’s “11 Facts About the Tax Debate.” As usual, they are out of context, disproportioned, deceptive, and out right false briefing points. Here are just a few reasons why they are nothing more than election year red herrings. (A fitting expression for such socialist ideals.) WH.gov points are in italics. 1. … Read More »
In this installment of the FairTax series I want to cover the cost of compliance and enforcement with today’s tax codes. Before I go into the complexities of compliance and enforcement I want to spend a few minutes dispelling the favorite myth of the anti-FairTax crowd. One of the things that put me off the… Read More »
This is the first of a 5 part series I am writing based on the book “The FAIRTAX: The Truth”. In the series I take a 300+ page book and condense it down to a virtual “cliff notes” version designed for the novice political reader. I designed the series for those who are not very… Read More »
Matt Damon is “so disgusted” with the debt limit and says he doesn’t mind paying more taxes. Oh, what I would give to have a little look-see at his income taxes! I would be willing to bet he took as many write-offs as possible!
April 15th is our national tax day deadline. This is the day many hard working Americans will run around frantically trying to get the income tax statements mailed into the IRS by the stroke of midnight, lest the nasty collection agents and thuggish IRS bullies start threatening anyone who has missed this all important deadline.… Read More »
The new paradigm in Congress: Pass legislation first, then figure out what’s in it. We have certainly learned much about the worthless health care reform bill and now a real head scratcher. Section 9006 of Obamacare amends section 6041 of the IRS code so that when you buy or sell more than $600 of anything, within… Read More »