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Tag Archives: IRS

Bloomberg: Uncle Sam Is Coming After Your Savings

Make no mistake, the government wants your savings. They want as much as they can get politically. The president recently floated the idea of taxing 529 plans, used to save for college, to pay for community college for people other than your kids. Why should the money you earned, and saved, go to your family? Better for the government to take your money from you so that it can give a gift to political allies.

Some people might call this theft. But not us. Oh, not us.

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Congress Looking Into Why IRS Has BIG MONEY Contract With Botched Healthcare.gov Company

One would have thought given how terrible the Obamacare rollout was that CGI (the company which designed the website for the program) would have been run out on a rail by this administration. Even despite the fact that one of CGI’s senior executives was Michelle Obama’s roommate at Princeton. Healthcare.gov was a cluster-you-know-what for the ages.

One would be wrong however.

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IRS comes after potential future UK Prime Minister for sale of house in England

The IRS has gone after Boris Johnson, current London mayor and potentially the next prime minister of the United Kingdom, because Mr. Johnson sold his house for a profit and because Mr. Johnson holds a US passport. He was born in the US (he left when he was 5) so naturally the Internal Revenue Service feels that by virtue of this it is owed some of Johnson’s money. Under the law as it stands the IRS has a case, if an immoral one. Johnson has however told the IRS to take a hike. As he should.

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Either liberty or the IRS (You can’t have both)

The thing is many people don’t care about liberty. They care about being fed. (As everyone should.) They care about making people “pay their fair share.” (And what is this “fair share”? Seems like a “fair” share would be a lot less than what most taxpayers pay today.) They don’t care about state sanctioned theft. They don’t care because often they are the beneficiaries of that theft.

Before you go thinking that I am targeting people on welfare I will tell you that I am more concerned with corporate and institutional welfare than the run of the mill kind. Much more concerned.

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