by admin | Mar 7, 2023 | Tax
The conviction of Donald Stanley Lavigne on seven counts of knowingly and fraudulently filing false income tax returns and three counts of other false statements relating to bankruptcy was somewhat curious. The income tax issue was omitting 1099-MISC income from...
by admin | Mar 6, 2023 | Kent Hovind, Tax
I have been following the drama of young earth creationist preacher Kent Hovind since 2012 when I reported on the Tax Court opinion in the case of his long suffering first wife Jo. Young Earth Creationists Whipsawed By IRS I have thought I was done a few times, but he...
by admin | Feb 18, 2023 | Tax
The Readers Digest version of the Fair Tax Act of 2023 is that it replaces the income tax, payroll taxes that fund Social Security and Medicare and transfer (estate and gift) taxes with a very broad sales tax. For 2025 the tax inclusive rate is 23% which translates...
by admin | Feb 14, 2023 | Tax
I have been having silly arguments with Fair Tax enthusiasts. The Fair Tax Act of 2023 would be a tremendous simplification of federal taxation. It does not, however, reduce 70,000 pages to 131 and it does not entirely eliminate the Internal Revenue Code. Also it...
by admin | Feb 9, 2023 | Tax
Thanks to some positive feedback on my recent piece, I have decided to dig deeper into the Fair Tax Act of 2023. The Reader’s Digest version of the act is that it eliminates federal corporate and individual income tax, payroll taxes that tie into social...
