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April15
Income Tax: Why 70 Million Americans Don't Pay Uncle Sam a Dime
By Joann M. Weiner - Politics DailyBy midnight Thursday, about 150 million Americans will have buckled down and filed their annual federal income tax returns, and the IRS will begin collecting nearly $1 trillion in revenue from these individuals. While you struggle to meet your deadline, consider that although the law requires you to file a tax return, more than 70 million of your fellow filers will not owe a single penny to Uncle Sam. As the latest news from the non-partisan Tax Policy Center shows, a record 47 percent of tax filers will have no federal income tax liability this year. You may wonder, how is this ...
Opinion: A Tax Rebellion Is Brewing
By not in system - AOL News(March 15) -- In one month, millions of Americans will be scrambling to file their federal income tax returns. Many will once again be reminded that no other public policy so reinforces a perception of self-dealing, unfairness and incompetence as the corrupted federal income tax code. Bloated beyond decipherability at 67,500 pages of regulations, the income tax system is driven by personal power, lobby profits and, through tax inducements and penalties, a changing menu of citizen and business manipulation. The tax code is so complicated that both the secretary of the treasury and the ...
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