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taxgirl® - tax news, tax info and tax policy

March 26th, 2008

Obama Releases Tax Returns, Challenges Clinton To Do the Same

Democratic presidential candidate Barack Obama has released seven years of his tax individual returns this week.
The Obama family reported income of $1.65 million in 2005 and nearly $1 million in 2006. During that same period, the family made $137,622 in charitable donations.
Prior to 2005, the family seems to have a different financial picture. […]

By Kelly -- 7 comments

March 19th, 2008

Has Obama Changed the Race?

If you had asked me, before today, what the single most important issue would be in the upcoming presidential election, I would have said the economy, hands down. For purposes of the election, it’s more important to voters than Iraq, than health care, than the environment (though clearly those issues are intertwined with the […]

By Kelly -- 4 comments

March 7th, 2008

Fix the Tax Code Friday: Nonprofit Organizations and Politicking

It’s Fix the Tax Code Friday!
The IRS has become more aggressive during this election year about enforcing the prohibition against politicking by tax exempt organizations. To date, the IRS has made inquiries into charitable organizations who have supported or opposed candidates including Obama, Romney and Huckabee.
Is this good policy - or is the IRS […]

By Kelly -- 2 comments

February 29th, 2008

Obama’s Speech Interests IRS

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The IRS is serious about the rules which prohibit non-profit organizations, including churches, from supporting candidates or political parties.
Just a few week after the IRS mailed a lengthy letter to First Baptist Church of Buena Park pastor Wiley S. Drake advising that he was being […]

By Kelly -- 3 comments

July 8th, 2007

The Poll Tax is Gone But…

Voting and paying taxes are still hand in hand. The IRS has admitted that it has collected information on the political party affiliations of taxpayers in 20 states, while vowing that it has never used the information. This, of course, begs the question “why do it?”
The states for which political […]

By Kelly -- 1 comment

May 29th, 2007

If I Were President…

Oh, don’t even get me started.
But there are a number of folks who are actually making a run at it this year, some expected and some, well, not.
I have contacted each of the candidates several times to ask their positions on various tax issues. And a number of them responded promptly and their replies […]

By Kelly -- 1 comment

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