The cheapest plan for family will cost $20,000 per year.
American families will be forced to buy conventional health insurance that primarily benefits the pharmaceutical industry under Obamacare. By 2016 the cheapest health insurance plan available will cost a typical American family $20,000 a year, according to the IRS.
Continue reading… “Obamacare will cost the average American family $20,000 a year: IRS”
U.S. tax code complex
If anybody has the right to tell people “I told you so,” it’s Nina E. Olson, the national taxpayer advocate. She recently submitted her annual report to Congress and top on her list of things that need to be fixed is the complexity of the tax code, which she called the most serious problem facing taxpayers.
Continue reading… “Complexity of U.S. tax code runs amok”
Sen. Tom Harkin (D-Iowa) presents findings from a two-year investigation into the for-profit college industry.
Sen. Tom Harkin (D-Iowa) on Monday unveiled an exhaustive report on a two year investigation of the for-profit higher education industry. The report on the colleges’ business practices, highlighting schools that charge excessively high tuition and shortchange academic investments in order to maximize revenues.
Continue reading… “Senate report blasts for-profit colleges”
Uncle Sam has been given some good news: The vast majority of Americans still believe that you should never cheat on your taxes — or, at least, that’s what they tell the pollsters representing the Internal Revenue Service Oversight Board.
Continue reading… “More Americans say cheat on your income taxes”
Luggage fees have prompted more passengers to carry-on their bags.
When airline passengers choose to carry their luggage onto a plane instead of checking it with an airline it may save them a few bucks in bag fees, but it’s costing taxpayers about a quarter-billion dollars a year.
Continue reading… “More Airline Passenger Carry-Ons Costing Taxpayers Millions”
The average income tax refund is up nearly 10% from a year ago, reflecting tax credits included in last year’s economic stimulus package, according to IRS Commissioner Douglas Shulman. Vice President Biden is expected to announce the increase Monday as part of a month-long effort to promote tax benefits available through the Recovery Act of 2009.
Continue reading… “Average Tax Refund Up 10% to a Record $3,036”
Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months.States from New York to Hawaii that have been hard-hit by the economic downturn say they have either delayed refunds or are considering doing so because of budget shortfalls.
Continue reading… “States Consider Freezing Tax Refunds for Months”
In the movie The Day After Tomorrow, survivors stranded in a library are easily persuaded to burn the multi-volume IRS Tax Code to stay warm. In this fictional scenario, the question one might ask before securing a match: Why did we wait until the end of the world?
Continue reading… “Watching The Income Tax System Implode”
Where’d the bailout money go? $350 billion later, banks won’t say how they’re spending it.
Continue reading… “Where Did The Bailout Money Go?”
