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The GOP Debate: Squabbles Over Refundable Credits, Deductions, and Conservatisim

Last night’s GOP presidential debates (here’s a transcript of the main event) highlighted some important tax policy contrasts among the candidates. One thought refundable credits are conservative economic policy while another did not.  Nearly all would preserve deductions for mortgage interest and charitable gifts but one would ditch them. Show More Summary

House Republicans Move To Impeach IRS Commissioner Koskinen

Reacting to the DOJ announcement that it would not file charges in the IRS tax exempt scandal, Rep. Jason Chaffetz has introduced a impeachment is needed to "restore public confidence in the IRS and to protect the institutional interests of Congress."

Dealing With Your Mother-In-Law (And Your Parents): When Seniors Become Dependents

Today is Mother-in-Law's Day (#MotherInLawDay). Whether you live with your in-laws (or your parents) or simply take care of them, here's what you need to know about claiming seniors on your taxes.

Be Smart When Being Charitable: IRS Warns On SC Flood Relief Scams

As South Carolina looks to recover from those "1 in 1,000" year rains last week, IRS Commissioner John Koskinen is warning taxpayers to be cautious when making donations to help: scammers are looking to take advantage of the disaste...

Who Pays and Who Gains?

How many households will pay no federal income tax in 2015? TPC finds it’s now 45.3 percent, nearly 5 percentage points higher than TPC estimated in 2013. But, as Bob Williams explains, “that doesn’t mean more Americans have moved off...Show More Summary

New Estimates Of How Many Households Pay No Federal Income Tax

The Tax Policy Center has updated its estimate of the percentage of households that will not pay federal income tax this year. We now figure it is 45.3 percent, nearly 5 percentage points higher than our 2013 estimate of 40.4 percent. Show More Summary

Carson Wants IRS To Revoke Tax Exempt Status For Muslim Advocacy Group

We ask Mr. Ben Carson to withdraw from the presidential race because he is unfit to lead, because his views are in contradiction with the United States Constitution. Those were the words of Nihad Awad, Founder of Council on Islamic-American Relations (CAIR) in response to comments made by GOP presidential hopeful Dr. Ben Carson stating […]

Rand Paul Takes Aim At The Tax Code, Literally, With An AR-15

Yesterday presidential hopeful Sen. Rand Paul took to a California gun range to literally blow away our current tax system.

Pope Francis Weighs In on Tax Policy

In the two years since his election, Pope Francis has weighed in on several public policy issues, including environmental policy and poverty. Now, Pope Francis has also made a foray into tax policy, calling for churches and religious...Show More Summary

John Oliver Set Up His Own “Church” to Make a Point about the Tax Code

“Praise be to the IRS, that most permissive of government agencies,” is a phrase that presumably had never been uttered by anyone – until last Sunday night, when television comedian John Oliver delivered a twenty minute monologue about...Show More Summary

A $35 Million Wedding? Yes, Before Taxes

Don't spend wildly on your wedding, and if you do, don't claim that it was a business expense.

“If at first you don’t succeed, try, try, again.”

“All by myself…” Paul Ryan and international tax reform. The House Ways & Means chairman has his work cut out for him with his international tax plans. The Hill reports that Senate Republicans continue to express skepticism, including Senate Majority Leader Mitch McConnell, Majority Whip John Cornyn, and Senate Finance Committee Chair Orrin Hatch. Show More Summary

Four Reasons Why We Need Dynamic Scoring

  The Joint Economic Committee hearing last week discussed the importance of dynamic scoring ­­—a method of estimating the effects of policy changes on the economy. Earlier this year the House of Representives passed a rule requiring...Show More Summary

Man Visits 15 Banks Collecting Pennies To Pay Property Taxes – And Still Falls Short

Calling property taxes "unethical, unchristian-like and above all, it is thievery," tax protester Steven Piotrowski finally paid off his 2013 Montgomery County property taxes this week, preventing a sheriff's sale at the last minute. He initially decided to make a statement by paying off his bill with 83,160 pennies.

Tax Fraud in The People’s Court

Every now and then an episode from a television court show touches on taxation. Sometimes it is tangential and sometimes it is direct. At various times during the past four years, I have commented on these cases, beginning with Judge...Show More Summary

Former U.S. Representative Grimm Sentenced To Prison For Tax Fraud

Today, U.S. District Judge Pamela Chen sentenced former U.S. Representative Michael Grimm (RR-NY) to eight months in prison on tax related charges.

Alberta Seeks Tax Hike

Last week, legislation was proposed in the Canadian province of Alberta that could soon change its corporate income tax rate and personal income tax starting on July 1 and October 1, respectively.  Joe Ceci, the Minister of Finance, introduced the Act to Restore Fairness to Public Revenue in an effort to implement a progressive tax structure. Show More Summary

Tax Deadline Looms For Tax Exempt Organizations

Tax season isn't over just yet! Friday, May 15, 2015, marks the filing deadline for many tax exempt organizations.

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