Lost in Taxation – WSJ.com.
Posts Tagged ‘ IRS ’
The 0% Tax Rate Solution – WSJ.com
The federal income tax code is now so mangled that we can probably increase federal revenues with a 0% income tax rate for a majority of Americans. Long before President Barack Obama took office, the bottom 40% of income earners paid no federal income taxes. Because of refundable income tax credits like the Earned...
The End of ACORN – Megan McArdle
… I don’t see how ACORN survives at this point; the IRS is the latest to pile on, severing ties with ACORN, and slapping a tax lien for unpaid payroll taxes on top of that blow. The lawsuit seems like an even worse attempt–less of a Hail-Mary Pass than an own-goal. At best, it...
James M. Peaslee: Tax Penalties and the Health-Care Bill – WSJ.com
Under current law, taxpayers who lose an argument with the IRS can generally avoid penalties by showing they tried in good faith to comply with the tax law. In a broad range of circumstances, the health-care bill would change the law to impose strict liability penalties for income-tax underpayments, meaning that taxpayers will no...
