Fair Tax

This category contains 9 posts

And Tax Hikes In The US Having Similar Effect To Greece

On the heels of our report about Tax Hikes in Greece having the unintended consequences of REDUCING overall revenue, the New York Times is reporting similar consequences to the Payroll Tax Hikes here in the US. But, but, but if we raise taxes on the wealthy, won’t that solve all of our problems? Yeah right – … Continue reading

Psst – Phil! Here’s How You Say It!!

FINALLY, someone comes out and fills the void created when Phil Mickelson opened the logistical door for the movement against higher taxes. John Karaffa, president of ProSport CPA, a Virginia-based firm that represents nearly 300 professional athletes, primarily in basketball and football is coming out and expounding on the comments that Phil so meekly shied … Continue reading

Arrgghh! Phil – WTF???

Some things really tick us off and Political Correctness in the face of logic and reasoning may very well top the list. Earlier this week, PGA Golfer Phil Mickelson expressed his rightful concern that higher taxes – federal and the state of California where he resides – will lead to some ‘drastic decisions’ in 2013. … Continue reading

#OUTRAGE – Illegal Alien Tax Fraud Part 2

If this doesn’t piss off every American taxpayer, I don’t know what the hell will. Illegal alien workers are filing US tax returns and claiming ‘Additional Child Tax Credits’. What’s so big about that? Oh – about $4BB a year of your tax dollars going back to people who are illegally in this country via … Continue reading

#OUTRAGE – IRS Fraud By Illegal Aliens

WTRH Channel 13 in Indianapolis has uncovered a blockbuster story that has been going on for years. There is a tax loophole being exploited by illegal aliens to the tune of $4 billion dollars a year. Not surprisingly, the IRS and Congress have known about it and done nothing. Congratulations Bob Segall on this monster … Continue reading

As Tax Day Deadline Draws Near, This Will Make You Want To Pull Your Hair Out

According to statistics compiled from the Internal Revenue Service (IRS) by the Tax Foundation, people who didn’t pay any income tax will $105 billion in refundable tax credits from the IRS. Further, the same report goes on to show the bloated and onerous federal tax code 3.5 times LONGER than all seven books of the Harry Potter … Continue reading

Be Careful People – The Grass Is Not Always Greener

Reuters is reporting that a record number of US citizens have renounced citizenship. Last year, almost 1,800 people renounced their U.S. citizenship or handed in their Green Cards. That’s a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It’s also almost eight times more than the … Continue reading

Lower Rates, Simplified Tax Code Are Keys to US Recovery

Professor Anthony Davies has produced a fascinating, yet simple clip that chronicles US tax revenue over time as compared to historical tax rates. From the 90% highest marginal tax rates some 50 years ago to record low tax rates under Reagan, US tax receipts have remained amazingly constant at 17-18% of GDP. http://www.zerohedge.com/news/real-tax-rate-conundrum

Kinda Shocking But Really Shouldn’t Be All That Surprising #SimplifyUSTaxCode

Death and taxes. Life’s supposed only certainties. Yet our friends at Bloomberg.com are reporting on a study linking death and taxes together. It seems that the stress surrounding US Tax Day leads to fatal accidents on American roadways. And even allowing Americans to file their taxes electronically hasn’t negated the crash trend. Findings in the … Continue reading