1. Inflation-adjusted federal tax revenues hit a record $1,320,793,000,000 in the first half of fiscal 2014, but the federal government still ran a $413,264,000,000 deficit during that time, according to the Monthly Treasury Statement for March.
2. In its quest to find and audit tax dodgers, the IRS is said to use online activity trackers to sift through the mass amounts of data available on the Internet, according to Marketplace. This data is then added to the information the agency already has on people, such as Social Security numbers, health records, banking statements, and property." It seems they may be using predictive analytics," University of Pennsylvania's Annenberg School of Communication Professor Joseph Turow told Marketplace. "That takes a huge amount of data and puts it together in a big pot to see if they can predict which individuals don't pay their taxes."
3. Ron Paul's nonprofit Campaign for Liberty will fight the Internal Revenue Service's demand that it reveal its donor list to the agency, despite having already been fined for refusing to do so.
"There is no legitimate reason for the IRS to know who donates to Campaign for Liberty," Megan Stiles, the communications director at Campaign for Liberty, told the Washington Examiner in an email on Tuesday. "We believe the First Amendment is on our side as evidenced by cases such as NAACP v. Alabama and International Union UAW v. National Right to Work. Many 501(c)(4) organizations protect the privacy of their donors in the very same way as Campaign for Liberty. For some reason the IRS has now chosen to single out Campaign for Liberty for special attention. We plan to fight this all the way."
4. And finally, a final comment:
If the IRS wants to find Billions of unpaid taxes, all they have to do is look in their backyard-- at there fellow unelected, unresponsive and uncaring federal bureaucrats who are in the red by those billions of unpaid taxes.
ReplyDeleteBut they won't because it's easier to slap a lien on grandma who owes $2,00 than a fellow traveler who owes hundreds of thousands.