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Record Number Of Americans Renouncing Citizenship

The motivation appears to be avoiding taxes. There are 776 names on the Treasury Department list published Friday for the third quarter of 2014. That’s the third highest quarterly figure ever, according to Andrew Mitchel, an international tax lawyer in Centerbrook, Conn., who tracks the data. The total number of published renouncers so far in [...]

Mike “The Situation” Sorrentino and his brother have been indicted for filing false tax returns. He and his brother, Marc, are accused of failing to turn over $8.9 million in taxes. The “Jersey Shore” star and his brother also submitted bogus IRS returns for his companies — Situation Nation, Situation Productions and MPS, the papers state. [...]

The shortfall now is $281 million, and it’s growing. Wisconsin tax collections for the past year came in 2 percent short of estimates, the state Department of Revenue reported Thursday, news that won’t require immediate emergency action by the Legislature but that puts the state’s budget on track to be out of balance next year. [...]

Burger King: Un-American

Burger King’s takeover of Tim Horton’s is a tax dodge. Ohio Senator Sherrod Brown wants a boycott. Brown, D-Ohio, released a statement Monday calling on consumers to boycott the home of the Whopper after Burger King announced late Sunday that it was in talks to buy Tim Hortons, creating the world’s third-largest fast-food company in [...]

Burger King is in talks to buy Tim Horton’s a Canadian donut company, and word is they’ll headquarter in Canada.  Does that mean they’ll have to change their red, white and blue logo? Shawn Simpson, who hadn’t heard of the talks until approached by a reporter while he was at a Burger King in New [...]

Former Labor Secretary Robert Reich thinks red state governors and legislators complain too much about federal handouts, considering they’re being subsidized by blue state taxpayers. Republican legislatures and governors in 20 states have refused to expand Medicaid under Obamacare (even though the federal government picks up the whole tab for the first 3 years and [...]

At the tax rate she proposes? 100%. In a conference call with the anti-immigrant group Numbers USA last week, Rep. Michele Bachmann called illegal immigration a “war against the American people” and suggested that the U.S. levy a 100 percent tax on money that immigrants send back to Mexico, Honduras, El Salvador and Guatemala in [...]

Surprise surprise.  The House GOP, largely incapable of passing any legislation did manage to pass a tax cut on Friday.  Guess who it helps? You’ve probably heard this story before: House Republicans choose to cut taxes for the rich instead of the poor. On Friday, they did it once again. The House GOP had an [...]

Looks as if that little kerfluffle in Germany isn’t the only embarrassment facing America’s top spy agency. Seems the agent has plenty of covert operators but a lousy payroll department: Now read this:Mentally Challenged Teen found Locked In A Cage At Home For Those With Special Needs (Oct 28, 2014) Once And For All, There’s [...]

The Wall St. Journal tells us that 47 US Corporations have reincorporated overseas in the last 10 years, presumably to avoid paying taxes:  A summary released Monday by House Democrats says that 47 U.S. corporations have reincorporated overseas through so-called inversions in the last 10 years. That’s “far more than during the previous 20 years [...]

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