Most of us paid our taxes this week, and didn’t grumble too much. But taxpayers may not have had a great sense of satisfaction about it either. By Eric Rabe, Fels Senior Advisor A Pew study last year found that most Americans are “frustrated” with the federal government — a number that has been aboveRead… Read more »
According to a recent article in Fierce Enterprise Communications, the Internal Revenue Service (IRS) is looking to provide support and a helping hand to Americans drowning in a sea of tax laws and paperwork. However, the IRS has limited resources, and obviously can’t be present to help every struggling American. It’s for this reason thatRead… Read more »
Bernie Sanders on The Ten Worst Corporate Tax Avoiders: It’s Time for Them to Pay up and Share the Sacrifice The following is a news release from the office of Sen. Bernie Sanders (Vermont-I) While hard working Americans fill out their income tax returns this tax season, General Electric and other giant profitable corporations areRead… Read more »
Arizona lawmakers this year decided to add a voluntary contribution fund called “I Didn’t Pay Enough” to Arizona’s income tax form this year. The results? 386 taxpayers gave the state an extra $13,204 to Arizona’s general fund. Arizona residents donations averaged $34 with a range of 1 -10 dollars the most prevalent, with one taxRead… Read more »
Every Friday, we take a quick look back at the week and highlight five members or moments that were especially awesome. Here’s who and what rocked it out this week. 5. The Most Commented Blog goes to Paid vacation. So how many you were secretly hoping the shutdown happened because you needed a couple daysRead… Read more »
I just stumbled on an article that claims that Federal Buildings leave lights on all night long. In some cases monthly electric bills were over 1 MILLION DOLLARS. Is there a good explanation for why the lights are left on? Or is this really a WASTE OF TAXPAYER DOLLARS? If there is a valid reason,Read… Read more »
Bipartisan legislation signed by President Obama last Tuesday will significantly change the way the government monitors and reports on its own performance. One of the most important reforms contained in the new law is a requirement that targeted tax breaks — or “tax expenditures” — finally be analyzed based on their success in contributing towardRead… Read more »
Our current budget process already makes it way too easy for lawmakers to overspend via the tax code. Unlike discretionary spending, most tax code spending programs (or “tax expenditures”) are permanent, unlimited in size, immune from the appropriations process, and ignored during the government’s own performance reviews. Rep. Boehner’s (R-OH) proposal to replace PAYGO withRead… Read more »
The Internal Revenue Service is not a lender of last resort. By not paying taxes, you are ultimately borrowing from the Government, at extremely costly rates. The addition of compounding interest and penalties will make a bad situation much worse. Any unpaid taxes due will garner a daily interest rate, plus a monthly 5% penaltyRead… Read more »
For municipalities with less than 100 employees, there is a low cost and reliable solution to remain compliant with GASB Rule 45. Check out GABS Help and related article below. http://www.empoweredmunicipality.com/accounting-for-post-employment-liabilities-for-municipalities