Posts tagged as:

politics

Lights, Camera, Taxes!

13 July 2008

I sort of took yesterday off… to be interviewed for an upcoming documentary on taxes. I met with the crew of An Inconvenient Tax at my home on yesterday to talk tax. It was great meeting the guys behind the film. They posted a quick excerpt about filming me on their blog. Hmm. I had [...]

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Ask the taxgirl: “Windfall tax” on Retirement

9 July 2008

Taxpayer asks: Is this true? Post this on taxgirl.com with an answer please. Windfall Tax on Retirement Income Adding a tax to your retirement is simply another way of saying to the American people, you’re so darn stupid that we’re going to keep doing this until we drain every cent from you. That’s what the [...]

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McCain Backs Off Repeal of AMT

14 June 2008

Senator McCain has – until now – included a promise to repeal the AMT in his economic plan. However, a few days ago, he introduced the idea of a phase out, rather than a repeal. In a June 10 speech, he said, “I will also propose … a phase-out of the Alternative Minimum Tax.” In [...]

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Obama Releases Tax Returns, Challenges Clinton To Do the Same

26 March 2008

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. [...]

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Has Obama Changed the Race?

19 March 2008

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 economy). [...]

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Fix the Tax Code Friday: Nonprofit Organizations and Politicking

7 March 2008

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 [...]

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Obama’s Speech Interests IRS

29 February 2008

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 investigated for his 2007 support of presidential hopeful Mike [...]

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The Poll Tax is Gone But…

8 July 2007

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 party affiliation data were [...]

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If I Were President…

29 May 2007

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 [...]

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