Just what America needs: More taxpayer-funded green energy projects. The Department of Energy (DOE) and the U.S. Internal Revenue Service released plans to re-allocate more than $150 million in remaining manufacturing tax credits for “green” energy projects originally authorized by the 2009 American Recovery and Reinvestment Act (the stimulus bill), …
What will the tax hikes of January 1, 2013, mean to real Americans? Let’s say you are a black woman who has a rewarding, though extremely challenging, career as a registered nurse. You’re nearing retirement—you’re 58, living in the Miami-Fort Lauderdale metropolitan area. After working hard for several decades, you …
The National Organization for Marriage is asking the U.S. Department of Justice to investigate and prosecute the individuals responsible for leaking the organization’s confidential U.S. tax return and then illegally publishing it. The stolen tax return was first published by the Human Rights Campaign and subsequently the Huffington Post. HRC …
While the Supreme Court deliberates whether the Affordable Care Act should stand, the Obama Administration is busy at work ensuring that the President’s health care law is implemented. The Hill reports that the White House has allocated half a billion dollars to the IRS to put Obamacare in place: The …
Less than a month from tax day, a pair of reports from federal watchdogs raises serious concerns about the Internal Revenue Service’s handling of sensitive and confidential taxpayer information. Potential security problems reportedly stem from inadequate measures to ensure the security of digital information, and from the IRS’s failure to …
A dozen U.S. senators sent a stern warning to the Internal Revenue Service yesterday: Don’t let politics play a role in recent inquiries of Tea Party organizations. In the past few months, the IRS sent detailed questionnaires to organizations in Kentucky, Ohio, Tennessee and Texas asking about their political activities. Many …
The straight text of the U.S. tax code exceeds 5,000 pages. Throw in the annotations necessary to actually decipher the thing and it swells beyond 72,000 pages. (Instructions for filing the “EZ” form run 41 pages.) All of which will yield a whopping $2.6 trillion in federal tax receipts (estimated) …
President Obama has some explaining to do. The Government Accountability Office (GAO) yesterday revealed that 3,700 federal contractors — who were recipients of $24 billion dollars in stimulus funds — are tax evaders. In total, they owed the government at least $757 million dollars – probably more since the IRS …
Government employees owe $3.3 billion in back taxes, CNBC reports. According to Heritage Foundation fellow James Sherk, the typical federal worker “receives 22 percent more in wages than an equally skilled private sector worker … .” And, says Sherk, when both wages and benefits are toted up, federal workers are …
