Posted by taxguru on May 27, 2013
From Argus Hamilton:
The Powerball winner will pay Uncle Sam two hundred twenty-four million in taxes when he cashes Saturday’s jackpot this week. The U.S. government is anxious to find out the person’s name. They don’t want to christen the next battleship the Anonymous Winner.
Congress heard testimony on the IRS, the Justice Department and Benghazi last week from whistle-blowers. It was relentless. The last time President Obama heard this many whistle-blowers he was taking five steps to the basket in an attempt to make a free throw.
IRS official Lois Lerner told Congress Wednesday she’s done nothing wrong, broken no laws and violated no IRS rules. Then she took the Fifth. The Republicans immediately called some tobacco executives to double-check exactly how the Fifth Amendment works.
President Obama said he didn’t know the IRS targeted Tea Partiers and he didn’t know the Justice Department spied on AP reporters, and he didn’t know at first Benghazi was a terrorist attack. It’s a smart strategy. By telling us he doesn’t know anything, he’s trying to convince us that Joe Biden is already president and we can skip the impeachment.
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