For Paul Light, a professor of public policy at New York University’s Wagner School, the most compelling evidence is the extent of federal layoffs at the IRS. “Think about it. What better way to break the back of the government than by undermining the ability of the federal government to fund itself?” he asked.
On the Rachel Maddow Show yesterday evening, Johnston speculated that Trump himself might have sent him the 2005 tax documents anonymously via mail — since that year’s return at least shows the former casino mogul paying some taxes, following his final big score as an actual real estate developer.
Donald Trump’s charitable foundation said it violated a ban on so-called “self-dealing” by transferring income or assets to a “disqualified person,” according to a copy of its 2015 tax filings made public this week.
The scam, which had operated since 2013, targeted at least 15,000 people who lost more than $300 million, the department said in a statement.
On Tuesday, a list of 426 groups singled out for extra scrutiny when applying for tax-exempt status was made publicly available. Why the extra scrutiny? Because these 501(c)(4)s are supposed to be primarily focused on “social welfare,” they are legally allowed to keep their donors secret.
This is what Donald Trump’s refusal to release his tax returns says about America. We are a nation that can’t think straight about wealth and class. And Trump knows better than to puncture our delusions.
But how little does Trump actually pay in taxes? David Cay Johnston, who spent three decades covering Trump as he moved from one business venture to another, noted that in 1978 and 1979 the businessman had paid exactly nothing in taxes.
The failure to fulfill his promise to release returns back to 2007 — when Bernie Sanders was first elected to the U.S. Senate from Vermont — erodes the likelihood that other Presidential candidates this cycle and in the future will release their own complete returns
I expect Trump’s tax returns to be extremely aggressive, but well within the boundaries set by Congress and without even a hint of criminal tax evasion. I also suspect Trump’s returns will show negative income. That’s right — negative.
How to reconcile Citizens United, which gave corporations the same rights as individuals with regard to political speech while shielding them for any accountability for that speech?
Click above to see Oliver team up with special musical guest Michael Bolton for a musical ode to the IRS — even if it involves a certain unattractive part of the human body.
Rand Paul’s flat tax, a “new idea” from 1983, would worsen inequality, raising the burden on the poor and middle class while benefiting the very rich.
By its very nature, tax season unleashes a certain amount of angst, but this year may produce a higher level of foreboding due to a slew of data breaches that have imperiled electronic filing of tax returns.
Many ascertain that Scientology is not only undeserving of tax exemption, but is simply not a real religion at all. It begs the question: When does a religion become “real”?
By Kevin G. Hall, McClatchy Washington Bureau WASHINGTON — Congress isn’t alone in trying to wrest answers out of the embattled Internal Revenue Service. The courts, public interest groups and the media are all struggling with uneven transparency and cooperation from the agency. News that the IRS cannot produce long-sought emails is rekindling complaints that […]
With the exception of the 2012 Benghazi attacks, no Obama-era controversy has animated Republican imaginations quite like the one surrounding the Internal Revenue Service. Congressional Republicans’ version of the scandal originally went like this: President Obama ordered the IRS to target right-wing organizations applying for tax-exempt status as non-political “social welfare” groups, leading the agency […]
By Kevin G. Hall, McClatchy Washington Bureau WASHINGTON — The head of the Internal Revenue Service refused to apologize Friday for lost emails in the scandal over the improper screening of conservative groups and denied more widespread computer failures. House Ways and Means Committee Chairman Dave Camp (R-Mich.), grilled IRS Commissioner John Koskinen about why […]
Rep. Lloyd Doggett (D-TX) mocked his GOP colleagues’ conspiracy-minded investigations on Friday, asking IRS Commissioner John Koskinen questions about Benghazi, President Obama’s birth certificate, and even Area 51 during a contentious hearing on Capitol Hill. Koskinen was testifying before the House Ways and Means Committee about the IRS’ efforts to recover emails that were lost […]
by Theodoric Meyer, ProPublica. After intense criticism from both ends of the political spectrum, the Internal Revenue Service has delayed indefinitely proposed rules that would have imposed new limits on social welfare nonprofits, which have pumped hundreds of millions of dollars from anonymous donors into recent elections. The agency said yesterday it would postpone a […]
By Michael A. Memoli, Tribune Washington Bureau WASHINGTON—The House voted Wednesday to hold former IRS official Lois Lerner in contempt of Congress for her refusal to testify about the agency’s targeting of conservative groups. The 231-187 vote attracted just six of the most politically vulnerable Democrats. It was quickly followed by a 250-168 vote calling on […]