U.S. Already Has a Flat Tax, and It Isn’t Pretty – It’s the insane AMT.

Tax Advice for Owners of Vacation Rentals

Fixed-Rate Mortgages Become Less Expensive

The Onion’s survey of opinions on adopting a national sales tax

Not that that they’re particularly rare, but Ohio CPA Dana Stahl passes along a few more examples of why we can’t trust the mainstream media for tax related news.

Close The Tax Gap – With its fabricated size.  As I’ve explained on several occasions, the mysterious “tax gap” of uncollected taxes, is absolutely impossible to ascertain with any degree of accuracy, so IRS spokespersons like to pull big huge numbers out of their butts in order to scare up more money and power for themselves.  I guess this writer covers his rear by using the term “estimated,” but I think my description of WAG (wild ass guess) is a lot more accurate.

Greenspan raises a few hackles  – I’m sorry; but anyone who insists on blaming the deficit on tax cuts and refers to the fictitious Clinton surpluses as anything but the figments of a wild imagination, is either a complete idiot or a liar on the scale of the Clintons, or more likely both.  

Unfortunately, these kinds of stories, as dictated by the DemonRat Party, are far too common in the dwindling mainstream media. 

Randy Bish has some ideas for changing our most often used income tax form:

Mansfield, Ohio mom jailed for paltry 96 cents income tax bill – Thanks to Ben Cunningham for this story of where one town places its crime stopping priorities.  That town must have the lowest crime rate in the country if they have time and resources to toss a woman in jail over 96 cents.

The real lesson in this story is one I have been telling for decades.  Even if you don’t owe any taxes, it is a very prudent self defense measure to file an income tax return proving that fact. When you don’t file a tax return, the tax agencies’ imaginations go wild, and they proceed to pursue you as if you owed millions of dollars in taxes.   

Greenspan Touts Idea of a Consumption Tax

“A simpler tax code would reduce the considerable resources devoted to complying with current tax laws, and the freed up resources could be used for more productive purposes,” Greenspan said.