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taxation – Page 2 – XtremeCuztoms

Tag: taxation

Greater Danger Means Less Pay

Commentary When President Joe Biden and the Democrats proposed hiring 87,000 new Internal Revenue Service agents (but no new Border Patrol agents) it was a pretty good indication that they were more interested in policing Americans than stopping illegal immigration and securing the border. But if you look a little deeper, you find that this…


California’s Tax Collectors Continue to Reach Outside California

Commentary For some time now, California has been the worst state in the country when it comes to exploiting the most tangential of connections to claim tax liability. Recently, the state reasserted its claim to this dubious distinction by attempting to claim the right to tax the sale of partnership interests by nonresidents. The pace…


Taxpayers on the Hook for Ruling-Class Debts

Commentary Remember the transitional and temporary inflation that was supposed to come and go? We are now getting warnings from high up that this is the new normal. It’s a pattern with which we’ve become very familiar. Two weeks of lockdown became two years. One-hundred days of masking turned into a full year, and the…


Revisiting the Flat Tax

Commentary The next time Republicans control all three branches of government they may wish to visit an old idea—the flat tax. When magazine publisher and Republican Steve Forbes ran for president in 1996, the flat tax was at the heart of his campaign. Forbes lost the nomination to Bob Dole, who lost the election to…


An IRS That’s Armed and Dangerous

Commentary The Biden administration has a lot of nerve proposing to double the budget of the Internal Revenue Service and add 87,000 employees. This plan is set to become law as part of the soon-to-be-enacted Inflation Reduction Act. And it comes around the same time as the outrageous FBI raid of former President Donald Trump’s…


How the IRS Expansion Would Empower Ruling Elites to Target Americans

Commentary “He has erected a multitude of new offices, and sent hither swarms of Officers to harass our people and eat out their substance.” Those were the words of Thomas Jefferson in the Declaration of Independence, referring to the depredation of King George III. The sentence was part of a long list of grievances that…


Greens Party Calls for Government to Scupper Next Round of Tax Cuts

The left-wing Australian Greens is set a possible confrontation with the Labor government after its leader Adam Bandt signalled the party would attempt to scuttle a slated third tranche of tax cuts to families. In an address to the National Press Club on Aug. 3, Bandt claimed a further round of tax cuts would be…


So-Called Inflation Reduction Act Would Make Stagflation Worse

Commentary After more than a year of expressing his concerns about the impact of inflation, Sen. Joe Manchin (D-W.Va.) has signed off on a massive tax and spending bill that only would push prices for working families even higher. The deal, which Manchin made with Senate Majority Leader Chuck Schumer (D-N.Y.) was reached only hours before the…


Sen. Rand Paul Warns Against Democrats’ Plan to Raise Taxes Amid Inflation

The economic crisis facing the nation is disproportionately hurting small businesses. Mom and pop shops are struggling to stay afloat in the face of historic levels of inflation. Against this backdrop, Democrats have proposed raising taxes on pass-through entities—small businesses, including sole proprietorships, partnerships, limited liability companies, and S corporations. To Sen. Rand Paul (R-Ky.)…


When Millionaires and Billionaires Leave, Everyone Loses

Commentary Liberals are very good at chasing rich people out of their states. Blue states lose billions of tax dollars and many tens of thousands of jobs as a result of the migration of rich people leaving high-tax and high-crime states. It seems to happen nearly every day. Consider Elon Musk. He left California for…