Republican members of Congress are racing to pass the tax reform bill so that they can get home in time for Christmas, and it looks like it is actually going to happen. The key is the Senate, and at this point it looks like there will be enough votes, but we have seen surprises before. As I have stated previously, I would have voted for this bill, but nobody should pretend that this fixes our tax system. The tax code is still going to be more than two million words long, the regulations are still going to be more than seven million words long, and Americans are still going to spend billions of hours and tens of billions of dollars complying with the most complicated tax system on the entire planet. (Read More...)
Taxed
The Exodus Of People Moving Away From California Is Becoming An Avalanche
Over the past ten years, approximately five million people have moved away from the state of California, and as you will see in this article this mass exodus appears to be accelerating. So exactly why is this happening? Once upon a time, it seemed like almost everyone wanted to live in California. The nearly endless sunshine, the incredible weather, the pristine beaches and a booming economy motivated millions of young Americans to move out there to pursue “the California Dream”. In fact, in the early nineties I actually explored the idea of moving out there myself. But now the California Dream has become a nightmare. Californians are being taxed to death, traffic in the major cities is absolutely horrific, violent crime and gang activity are on the rise, millions of illegal immigrants are putting an incredible strain on social support systems, and the ultra-liberal government in Sacramento seems to have gone completely insane. In addition, the state faces constant threats from earthquakes, wildfires, droughts and mudslides, so it is quite understandable why so many people feel motivated to leave and never come back. (Read More...)
Millions Of Illegal Immigrants Are Using A Massive Scam To Get Much Bigger Tax Refunds Than You Are
Did you know that illegal immigrants all over the United States are using a massive scam to receive tax refunds from the federal government that are often in excess of $10,000? It is estimated that 2 million illegal immigrants are filing fraudulent tax returns each year and that they are pulling in more than 4 billion dollars in tax refunds every year that they are not entitled to. They are doing this by abusing the additional child tax credit and the IRS knows all about it and yet they refuse to do anything to stop it. Illegal immigrants are filing tax returns that sometimes claim 10 or 12 nieces and nephews as dependents, and most of the time those nieces and nephews do not even live in the United States. So while you and I are being taxed into oblivion, many illegal immigrants are often pulling in tax refunds that are well into five figures. At a time when the federal government is absolutely drowning in debt, this is the type of fraud that desperately needs to be cracked down on, and yet the IRS refuses to take action. (Read More...)
15 Examples Of How “The Little Guy” Is Getting Absolutely Killed In America Today
Those without a lot of wealth or a lot of power are getting absolutely killed in America today. The big corporations, the major financial institutions, the ultra-wealthy and those connected to the top levels of government are absolutely thriving even though the economy overall is in shambles. Meanwhile, “the little guy” is being abused, harassed, regulated, taxed and mistreated like never before. In general, the big corporations and the government don’t spend a lot of time tangling with each other. Instead, mostly they seem content with attacking the weak members of the herd (the rest of us). In the United States today, wealth and power have become more concentrated than ever, and the big corporations and the government have figured out thousands of different ways to drain even more wealth and power away from the rest of us. Most of the time, “the little guy” is not even able to fight back. Most Americans have very limited resources and a very limited knowledge of the law. Meanwhile, the “big guys” have almost unlimited resources and can hire huge numbers of lawyers. So what does that mean for the rest of us? Well, it means that until society becomes a lot more just, you better do your best to keep from becoming a target of the “big guys”. (Read More...)