Tag: IRS is dangerous

Via The Babylon Bee

MUNCIE, IN — IRS agents kicked off a new holiday tradition this week as they began nationwide canvassing of taxpayers’ homes, sliding down their chimneys in search of undeclared gifts worth $600 or more.

Terrence Poole, Special Agent in Charge of Joy-Quashing, explained the agency’s actions, saying, “We understand that people get caught up in the spirit of the season and all that. But we want to be a constant reminder that celebrating the birth of the Savior of the universe is not more important than giving an account to the government for every single thing you have.”

Continue reading “IRS Agents Slide Down Chimneys Looking For Gifts Of $600 Or More”

Guest Post by Martin Armstrong

There is NOTHING that the politicians EVER say that is the truth. Hiring 87,000 new IRS agents is NOT to go after billionaires as they claim. There are ONLY 614 billionaires in the United States. Clearly, you do not need 87,000 new agents to hunt down billionaires – they are coming after you!

There is no loose change in taxes the higher you go up in income. You then need professionals to handle the taxes and they cross every “t” and dot all the “i”s. They are targeting anyone with an LLC and will challenge all expenses. Don’t forget, if you go to dinner with a client, you can only write off 50% of the expense. Of course with COVID, we have a whole new crisis in taxes. The commuting costs evaporated working from home. What about writing off a portion of the home now if you no longer go to the office?

Continue reading “The Real IRS Hunt Is You”

Guest Post by Ron Paul

West Virginia Senator Joe Manchin recently claimed the 15 percent corporate minimum tax contained in the Inflation Reduction Act, which should be called the Inflation Creation Act, is not a tax increase. Instead, he claimed, the bill simply closes a loophole that allows corporations to avoid paying all the taxes they owe. Despite what Senator Manchin says, the fact is the new minimum tax increases the amount of money some corporations must hand over to the government; in other words, it increases their taxes.

It is common for politicians, policy wonks, and even some libertarians to demonize loopholes for making the tax system too complex, but loopholes are simply ways that individuals can keep more of their money. Loopholes are thus pro-liberty and pro-sound economics.

Continue reading “Supersized IRS Will Shrink Liberty”

Guest Post by Martin Armstrong

The Inflation Reduction Act will waste $430 billion and will do absolutely nothing to curb inflation. Around $300 billion will be spent on climate change initiatives. Clearly, that is not going to curb inflation, and paying farmers incentives for reducing emissions still does not change the fact that the current methods are the only way to produce food on a mass scale, no less during a global shortage.

Continue reading “IRS Staff and Audits Will Multiply”