A Second Hand Conjecture

Tag Archive 'IRS'

Lone accountant takes on IRS and wins

Lance on Aug 24 2008 | Filed under: Lance's Page, taxes

And millions of us may benefit.
The dispute arose when more than 30 mutual life insurance companies became publicly traded corporations in the late 1990s and earlier this decade, in a process known as “demutualization.”
Mutual companies are owned by their policyholders, so the companies provided stock and cash to compensate them for the loss [...]

Wesley Snipes has put tax protesters in the cross hairs of the IRS

Lance on Feb 21 2008 | Filed under: Lance's Page, Law

Actor Wesley Snipes was found not guilty of federal tax fraud and conspiracy charges earlier this month. Basically he blamed it on the tax advice he received. Whether one believes that he didn’t know that when one earns $38 million you are likely to owe some tax, much less request a 12 million dollar refund, [...]

Oops

Lee on Feb 13 2008 | Filed under: Around the Web

A clerical ally of Huckabee is in trouble with the IRS for turning his tax-exempt church into a political platform. Now that seems like a “fair tax” no?

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Sphere: Related Content

Death by Fairness

Lee on Feb 11 2008 | Filed under: Economics, Lee's Page

photo: Simón Pais-Thomas
Mick at Uncorrelated has another lovely post on the essentially vile character and politics of Mike Huckabee. Toward the end of his remarks he briefly hits Huckabee’s proposed Fair Tax:
…and politically DOA policy planks like the fair tax.
(Uncorrelated)
Politically DOA we must hope, because Huckabee’s tax plan would do more than “eliminate the IRS.” [...]

Indexing Capital Gains

Lance on Jan 23 2008 | Filed under: Economics, Election 2008, Investing, Lance's Page

Richard Rahn pushes for the indexing of capital gains due to inflation as part of the stimulus.
Accounting for inflation in this way has the advantages of producing more short-term revenue to the Treasury as long-term gains are “unlocked.” Furthermore, lowering the cost of capital would stimulate investment and the stock markets, and would increase the [...]