The Clintons As Tax Hypocrites

The Clintons As Tax Hypocrites
Bloomberg recently broke news that the Clinton’s placed one of their houses in a trust to avoid the estate tax. Since Hillary Clinton said that the estate tax prevented the country from being “dominated by inherited wealth,” and Bill has traditionally supporting the estate tax, the question is whether the Clintons have descended to the depths of ...

Proof the Media doesn’t know what a ‘loophole’ is

Proof the Media doesn’t know what a ‘loophole’ is
CBS News recently posted a story about the California bill to “close [a] tax loophole.” Apparently, by “loophole” they mean “changing the very clear and concise and purposeful instructions created two years ago.” State income tax is generally determined by taking the Federal Taxable Income and tossing in whatever adjustment the state deems necessary. For ...

Are Tax Breaks Worth It?

Are Tax Breaks Worth It?
The Wall Street Journal pointed out this week that many companies are passing up tax breaks. The IRS estimates that only 20,000 corporate tax returns claimed any incentive, out of the 1.78 million corporate returns filed. For the amount of time that I’ve heard complaints about corporations zipping through loopholes and not paying their fair ...

We’ll Pay For It With Oil

We'll Pay For It With Oil
Once again we’re after the Oil & Gas Companies. Look, I’m not saying that I have any affinity for these top five gas companies that keep being targeted. Yes, my dad does own stock in Exxon, but that’s just because he worked there for a couple unenjoyable years. Really, these companies are just like any ...