Topic: Internal Revenue Service
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Playing the IRS card: Six presidents who used the IRS to bash political foes
Since the advent of the federal income tax about a century ago, several presidents – or their zealous underlings – have directed the IRS to use its formidable police powers to harass or punish enemies, political rivals, and administration critics. Here are six infamous episodes.
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Briefing
IRS 101: Seven questions about the tea party scandal
How the tables have turned: The Internal Revenue Service is the one under the microscope now, as revelations emerged Friday that the agency wrongly targeted conservative groups seeking nonprofit status. Here’s an accounting of what has happened, along with the ramifications.
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5 myths about amnesty for illegal immigrants in Senate bill
Under a bipartisan Senate immigration bill, immigrants who have come to the United States illegally are given a "path to citizenship." On close inspection, each of the following five claims about the requirements for illegal immigrants to earn amnesty are not what they seem.
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Income taxes: Five changes for 2012
Here are new income tax provisions to watch for as you work through your 1040 form:
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Ten tax moves to protect yourself from the fiscal cliff
Americans are facing an unprecedented tax increase of nearly $500 billion on Jan. 1, 2013, from the so-called "fiscal cliff." Are you ready? Here are 10 year-end tax strategies I recommend:
All Content
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Why 'temporary' tax cuts never die: Payroll tax and 3 other examples
Before Congress shuts out the lights and goes home for the holidays, one last bit of business is to extend the tax breaks or tax fixes that, though designated “temporary,” get renewed year after year. They are typically grist for some of the most important dealmaking in any session. Sixty-seven tax provisions are set to expire Dec. 31. At least half are typically extended retroactively.
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Credit card use: Which rewards card is best for you?
Credit card use works best when you have a card that grants rewards at the vendors you use most. Credit card use is question six in today's mailbag
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Credit card debt: Indebted mom wants to buy me a TV. Should I accept?
Credit card debt is burdening mother, so how should responsible daughter respond? Also, contribute to charity or pay off credit card debt? Questions 10 and 4 in this reader mailbag.
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Can the GOP be tough on the rich? How about no food stamps?
The White House on Thursday rejected as insubstantial a GOP proposal to curtail unemployment insurance and food stamps for the rich as an offset for extending the payroll tax cut.
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Why the IRS will be flooded with estate tax returns this year
Fewer than 3300 estates will owe federal estate tax this year, the smallest number in more than 75 years. But the law encourages estates to file returns even if they owe no tax.
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Will income inequality get even worse?
Unfortunately, the forces driving inequality in America remain alive and well
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Health insurance costs: Will new tax subsidies help?
Health insurance costs for low and moderate-income earners will be lowered through tax credits when the 2010 health reform law takes effect. But will the plan actually lower health insurance costs?
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The difference between OWS and Vietnam
The Vietnam protest movement had a clear goal. So far as anyone can tell, the Occupy movement has none.
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Ricin terror plot: Four in Ga. accused of planning attacks
Ricin terror plot: Federal agents raided four men's homes Tuesday and arrested them on charges of conspiring to plan the attacks.
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Movember: Do men with mustaches deserve a tax break?
Movember, in which men grow – or attempt to grow – mustaches for charity kicks off on Tuesday. The American Mustache Institute is calling for a $250 tax incentive for facial hair on the upper lip.
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Letters to the Editor – Weekly Issue of October 31, 2011
Readers write in with ideas on job creation.
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Top 1 percent has nearly quadrupled income since 1979
Top 1 percent cause massive income disparity: a Congressional Budget Office report found that income for the top 1 percent increased 275 percent since 1979, while it only increased 18 percent for other Americans.
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The flat tax fraud
Conservatives are pushing the flat tax as a smokescreen. They’d rather not have anyone talk about the unfairness and fiscal absurdity of the current system.
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401(k) limit raised for pension plans
401(k) limit for 2012 tax year will be $17,000. IRS raising 401(k) contribution limit by $500 a year to account for inflation.
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How flat will Rick Perry's flat tax be?
Rick Perry is going to propose a flat tax plan soon. He’s said it’s going to be 'flatter and fairer' than Herman Cain’s signature '9-9-9' proposal, which has been hammered by his rivals.
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Tax the rich: Should millionaires really pay more?
The fight over raising levies on the wealthy, a theme of the 'Occupy Wall Street' protests, is about more than money. It's a clash over fundamental American values.
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Corporate responsibility is a conservative cause
Many conservatives believe corporate responsibility is a liberal idea. But the roots of corporate responsibility stretch back to ancient, biblical truths.
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GOP presidential debate fallout: Is Mitt Romney becoming inevitable?
At Tuesday's GOP presidential debate, Mitt Romney fielded questions deftly, attacked when given an opening, and stayed out of jab-fests. Contenders so far haven't knocked him off stride.
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The Monitor's View: Pastors who play politics from the pulpit
On Oct. 2, a large group of American pastors plans to purposely violate a law barring houses of worship from endorsing or opposing political candidates. This legal challenge from the pulpit won't help people of faith.
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Buffett rule: All about capital gains
Obama's objection—and Buffett’s—is not with rates paid by the average taxpayer who makes a million dollars or more a year Rather it is with those in this group who make most of their money from investments.
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Everything you need to know about Obama's $3 trillion debt plan
The Buffet rule, "class warfare," and the key role of taxes in the $3 trillion debt plan
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What you won't hear about during the 2012 election
Why progressive ideas like wage increases and medicare won't be mentioned during presidential debates
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Back taxes: 12,000 tax cheats come clean
Back taxes plus interest amount to $500 million so far. The IRS program allows tax cheats to declare their assets overseas, pay back taxes, interest, and reduced penalties, and avoid jail time.
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In Pictures: Who's who on the US deficit super committee
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Are nonprofit groups dead?
No. But they need to get off the 'philanthropic dole' and make other changes, a panel of experts suggest.
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