Moneynews RSS FeedMon, 20 May 2013 08:22:36 EDTEver since Congress pushed through legislation to enact an income tax and the 16th Amendment in 1913, the income tax system has been a never-ending source of abuse, corruption, fraud, malfeasance and class-warfare.Mon, 13 May 2013 08:13:40 EDTIt is becoming all too clear to tax professionals that the new 3.8 percent investment income tax is looking like a house of horrors.Mon, 06 May 2013 08:01:26 EDTIt is likely that thousands, if not hundreds of thousands, of people subject to income tax in the United States will soon find their name and account numbers in the hands of the IRS. The latest tax enforcement effort by the IRS will expose otherwise still secret accounts held in the Caribbean.Mon, 29 Apr 2013 08:12:16 EDTThe United States and the rest of the not-yet-Islamic-controlled countries of the world are faced with three financial exposures to Islamic jihadists.Mon, 22 Apr 2013 07:38:35 EDTWhen was the last time you heard of anyone inside of the Washington, D.C., beltway being convicted of insider trading?Mon, 08 Apr 2013 07:42:47 EDTThe government is committing fraud and theft on a scale so vast that it is beyond the average taxpayer to even contemplate.Mon, 01 Apr 2013 07:42:30 EDTPresumably with the blessing of Congress, the IRS will be sharing your tax information with local law enforcement officials in all 50 states.Mon, 25 Mar 2013 08:00:51 EDTAs part of the U.S. government’s latest effort to tax accounts and investments held in supposed tax havens, the U.S. government had charged a retired automobile dealer, James Pflueger, with hiding nearly $15 million in a Swiss bank account.Mon, 18 Mar 2013 15:54:44 EDTCongress loves forms. More forms translate to a bigger bureaucracy and an opportunity for Congress to create even more opportunities to get campaign funds and constituent votes.Mon, 11 Mar 2013 08:55:09 EDTIf history teaches nothing else, it is that congress and the president do the same thing as their predecessors did for the same reasons.Mon, 04 Mar 2013 07:42:47 EDTBecause of the laws and regulations surrounding gun ownership, possessing or leaving an estate containing guns needs special planning.Mon, 25 Feb 2013 14:56:57 EDTEveryday, news sources have articles, commentaries, reports and white papers that bombard us with fearful tax horror stories.Mon, 11 Feb 2013 07:40:43 EDTThe Taxpayer Inspector General for Tax Administration (TIGTA)'s newest report on the IRS makes clear that the IRS is crumbling and the fault lies with Congress. In sum and substance, the report finds that the IRS is underfunded, overburdened and undermanned.Mon, 04 Feb 2013 07:40:55 EDTIt seems that some states, like Indiana, have begun to realize that tax competition may be good if you are the low-tax state.Tue, 29 Jan 2013 07:48:11 EDTThere are few in the United States who yet realize that the Foreign Account Tax Compliant Act (FATCA) will make dealings with their local financial institutions much bigger problems than they are already.Tue, 22 Jan 2013 13:05:29 EDTFor those who think they are saved from tax increases since their incomes are below the $450,000 threshold — think again.Mon, 07 Jan 2013 07:57:07 EDTThis year is going to be a good year for lawyers, which means it will be a bad year for everyone else.Mon, 17 Dec 2012 07:37:22 EDTBlurbs on the Internet from Truthout.org made me suddenly realize that the "rich" that everyone is arguing about taxing really are not the same rich who should be taxed.Mon, 10 Dec 2012 07:56:03 EDTEvery newsletter, Internet tax blog, television and radio news show, as well as magazine and newspaper opinion page writers, all express their expert opinion of what is the right compromise for Congress and the president to reach over taxes.Mon, 03 Dec 2012 07:45:22 EDTAt some point, buying more goodies, giving away more money, supporting more people, creating ever-larger financial obligations and allowing more theft, fraud and waste becomes unsustainable.