TAXES Archive


TweetShareSharePin0 Shares Total U.S. taxes as a percentage of GDP. Posted by furiousjethro on 2010-04-08 19:07:39 Tagged: , GDP , Taxes TweetShareSharePin0 Shares

Staffing shortages, backlog hampered IRS in 2022 filing season, TIGTA says

TweetShareSharePin0 Shares Continued personnel shortages and a growing backlog of some returns significantly impeded the IRS’s performance during the 2022 income tax filing season that ended last month, the Treasury Inspector General for Tax Administration (TIGTA) reported in a preliminary audit. The report, Interim Results of the 2022 Filing Season (Rep’t No. 2022-40-035), dated May

The Elephant in The Room: The Gap Between Federal Retiree Benefits and Taxes Paid

TweetShareSharePin0 Shares President Trump was afraid to tackle the dominant set of spending and tax issues facing the federal government. Ditto, so far, for President Biden. Under current law, the Social Security and Medicare trust funds that pay out crucial benefits to retirees will go insolvent by roughly 2034 and 2026, respectively, triggering large mandatory

Default Judgment

TweetShareSharePin0 Shares 0 Flares Made with Flare More Info“> 0 Flares × A recent case in which the defendants lost for not responding to a suit filed against them by the IRS caught my eye.  Default judgments are a dime a dozen but this one involved an injunction against

Income tax slabs

TweetShareSharePin0 Shares… Posted by smithshah9876 on 2019-02-27 10:19:03 Tagged: , income , tax , slabs TweetShareSharePin0 Shares

What’s Happening in Myers and Whistleblower Cases After the Decision the Statute is a Claims Processing Rule

TweetShareSharePin0 Shares In 2019 the D.C. Circuit held in Myers v. Commissioner, 928 F.3d 1025, that the language creating the Tax Court’s basis for jurisdiction to hear whistleblower cases did not create a jurisdictional filing deadline.  It also held the time period subject to equitable tolling.  So, can the subsequent history of Myers provide insight

Energy Taxes And Electric Vehicles

TweetShareSharePin0 Shares Did Joe Manchin just justify a carbon tax? Sen. Joe Manchin called tax credits for electric vehicles “ludicrous” but by doing so, did he offer a powerful defense of a carbon tax? TPC Howard Gleckman writes he may have, if only inadvertently. While Manchin is right that tax credits would do little to encourage

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