Taxes (page 214)

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    The federal tax system is too complicated II

    If you’re searching for more evidence in favor of tax reform, you might consider a six-page article in the latest Bloomberg Businessweek. It details the little-known Taxpayer Advocate Service, which represents taxpayers in “egregious disputes” with the IRS. There has been only one national taxpayer advocate,…
    Mitch Kokai, April 9, 2012
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    The federal tax system is too complicated I

    The inimitable Joel Stein shares with Bloomberg Businessweek readers his quest to navigate the perplexing minefield of annual income tax preparation. Though I’ve tried many times, I have never read James Joyce’s Finnegans Wake or my own tax returns. If the U.S. Internal Revenue…
    Mitch Kokai, April 9, 2012
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    New Carolina Journal Online features

    David Bass reports for Carolina Journal Online about the Republican state school superintendent candidate who would like to put himself out of a job. John Hood’s Daily Journal outlines three models for tax reform in North Carolina.
    Mitch Kokai, April 9, 2012
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    Institute for Justice takes on IRS over licensing power grab

    I can’t complement the Institute for Justice staff enough for the great work they do. A recent post by Tony Escobar on LibertyBlog.Org has drawn light to one of IJ’s latest campaigns, in defense of small-scale tax preparers against the IRS and larger outfits such…
    Fergus Hodgson, April 6, 2012
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    JLF expert urges North Carolina policymakers to replace the state income tax

    North Carolina should replace its current income tax with a flat-rate consumed income tax. Roy Cordato explains in a new report how that change would benefit taxpayers and boost economic growth. Learn details here and by watching the video clip below.
    Mitch Kokai, April 3, 2012
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    Tax Freedom Day arrives April 17, though Tax Foundation says May 14 offers another important milestone

    The day after your 2011 income tax returns are due, the average American will have worked long enough to pay his taxes for 2012. The Tax Foundation’s Joseph Henchman explains in this brief description of Tax Freedom Day. Tax Freedom Day® 2012 arrives on April 17…
    Mitch Kokai, April 3, 2012
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    Sticking up for the 1 percent

    The latest Fortune magazine profiles Paul Singer, who’s described both as an “elite” money manager and presidential candidate Mitt Romney’s “hedge fund kingmaker.” Among the topics discussed is Singer’s confidential quarterly report: In the most recent report, dated Jan. 23, 2012, Singer takes on the tax…
    Mitch Kokai, April 3, 2012
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    When politicians won’t respond to calls for tax relief …

    … some activists are willing to go straight to the people, including Missouri “mega-millionaire” Rex Sinquefield, as Bloomberg Businessweek describes: Rex Sinquefield likes to write big checks. In 2010 he spent $11.3 million to bankroll a successful ballot initiative banning new local income taxes in Missouri.
    Mitch Kokai, April 2, 2012