Who Pays The Most In Taxes?

Seems funny that the richest socialists like Sanders and Clinton are always griping that the rich need to pay more while they hide their assests with every legal device at their command. Yet the poorest pay little or nothing yet garner the greatest benefits from the government.

From Zero Hedge:

[...]with approximately $1.55 trillion in individual income tax expected to be collected in 2016, this means that less than 1% of US taxpayers will be responsible for more than a third, or roughly $575 billion in government revenue, nearly double what corporate income taxes ($300 billion) are expected to bring in.

Here are 27 large corporation that did not pay any federal taxes last year.

Of course there is no attempt (or intent) by the government to just provide essential services. This is all about wealth redistribution in order to maintain political advantage.

H/T Lucianne

Government Gone Feral

What good is bad, what's bad is good. Deny benefits to our nation's bravest, open the taxpayers' coffers to law breakers violating our borders and make sure that the people who collect these revenues are not held accountable.

The IRS refused to fire most of its own employees found to be cheating on their taxes — and in some cases even quickly turned around and promoted them within the year, according to a new audit released Wednesday.

In about 60 percent of cases of “willful violations” IRS managers found mitigating circumstances and refused to fire the employees, even though the law calls for that penalty. In some of those cases the managers didn’t even document why they’d overridden the penalty, said Treasury Inspector General for Tax Administration J. Russell George.

“Given its critical role in Federal tax administration, the IRS must ensure that its employees comply with the tax law in order to maintain the public’s confidence,” Mr. George said. “Willful violation of the law by IRS employees should not be taken lightly, and the IRS Commissioner should fully document decisions made to retain employees whom management has proposed be terminated.”

During the decade from 2004 to 2013, the IRS identified nearly 130,000 potential cases of tax violations by its own employees, and concluded about 10 percent of those were actual violations.

And let's not forget to target conservative organizations with punative actions while ignoring the administration's politically favored allies.

Money Walks

Available here. This site tracks income down to the county level - where the people went or where they came from. I looked at my county ... Lord have mercy.

For many years now the IRS has been tracking the migration of Americans and their income across state and county lines. Every year they produce a detailed report on the tax migration of Americans, showing the amount of people and income that moved.

How Money Walks maps this great migration of American income and raises important questions about American tax policy and how it profoundly affects growth and development in our country:

Why did so much wealth walk? Did people vote with their feet?
Did money walk because the opportunity to keep more personal income talked?
How does taxing personal income affect economic growth?
Which states "won" which states "lost" and why?

These questions are explored in How Money Walks through unimpeachable IRS data mapped by state and metropolitan area. And the answers suggest a simple correlation: the key to accumulating working wealth for any state is a pro-growth tax policy, and that means not taxing personal income.

Republican Success In Blue Wisconsin

Almost a billion dollar state budget surplus under good guy Republican Gov. Scott Walker.

He is proposing a reduction in state taxes to give the money back to the "people who own it."

More here and here.

The Remington Model 1040 Long Form

Coming soon to an audit near you.

More Hope n' Change on the way folks.

The IRS has placed a bid for sixty of these Remington Police shotguns. I guess the quail and grouse are becoming very aggressive once they receive the audit notices.

The Internal Revenue Service (IRS) intends to purchase sixty Remington Model 870 Police RAMAC #24587 12 gauge pump-action shotguns for the Criminal Investigation Division. The Remington parkerized shotguns, with fourteen inch barrel, modified choke, Wilson Combat Ghost Ring rear sight and XS4 Contour Bead front sight, Knoxx Reduced Recoil Adjustable Stock, and Speedfeed ribbed black forend, are designated as the only shotguns authorized for IRS duty based on compatibility with IRS existing shotgun inventory, certified armorer and combat training and protocol, maintenance, and parts.

Submit quotes including 11% Firearms and Ammunition Excise Tax (FAET) and shipping to Washington DC.

Tattoo Tax possible in California

Democrats in Legislature target Sure Moneymaker

(GNN) Sacramento - As California's fiscal crisis deepens, despite desperate efforts by Gov. Arnold Schwarzenegger and the Legislature, the state's politicians are casting about for ways to relieve the financial - and political - pressure.

That's why, out of the clear blue, taxing tattoos at an annual rate of $1.50 per marking, has moved to the Capitol's front burner.

The California Teachers Association and other labor unions are pushing this tax on body art, citing an increased number of tattoos in the general population. Tattoos that, in California, have escaped taxation for decades.

The Legislature's majority Democrats already have endorsed an extra $1.00-per-tattoo surcharge for markings above the neck or on the hands. The new taxes, if adopted, are expected to raise at least $2 billion per year.

Any tax on body art, however, would require at least some Republican support because of the constitutional requirement for two-thirds votes on new taxes. So it's not surprising that tattoo parlors and rock stars have been ramping up their opposition, distributing an informational handout explaining that citizens who would be impacted by this tax are individuals who, by lifestyle, reject the concepts of taxation and government control. .

The tattoo industry argues that tattoo taxes would encourage more "intimate and subtle body art" and fail to generate the purported $2 billion in new revenues.

Taxing tattoos or body piercings is politically attractive because polls consistently show it to be one of the few popular proposed levies. However, some critics argue that it's a regressive tax that falls mostly on lower-income consumers, and that tattoo revenues will fade as tattoing declines, making it an unstable source of money.

Californians purchased nearly 0.3 tattoos per capita per year four decades ago, but popularity has now increased to some 302 million tattoos a year in all.

The Mackinac study estimates that 16.8 percent of California's tattoos are hidden on shoulders, breasts, and lower backs, 10.7 percent on genitalia, 8 percent on the face, and 35.5 on the legs or arms.

We should hear a lot more about this in the months ahead as the state's fiscal noose tightens.