Progress Texas, definitely not a tea party affilliate says this about that:
•While the IRS was screening Tea Party groups, the agency was headed by Doug Shulman - a George W. Bush appointee •Many Tea Party groups operate like political PACs or political parties - which is not allowed under law •It took us at Progress Texas 479 days to have our tax-exempt status approved, and we support the due diligence
Read more at http://progresstexas.org/blog/irs-requested-information-progress-texas-took-479-days-approve
Douglas H. Shulman, the I.R.S. commissioner who was appointed by President George W. Bush who said he was unaware that any conservative groups had been targeted when these groups first began, as of course expected, complaining will be testifying on the Hill this coming week. Should be interesting.
This whole pile of crap arose out of an inadvised controversial change in the law to allow tax exempt status for certain political action groups. It's OK to detest the IRS but everyone knows that if you are going to squirrel out of paying your taxes you'd better have your ducks in a row. There may be more voters out there willing to throw out all tax exemptions rather than throw out the IRS, which might result in rather substantial savings for individuals. We gotta finance a lot of expensive crap like our military ventures and the huge liability left to pay for various veterans' benefits for the rest of theirs and in many cases their survivors' given lives. Yeah, maybe we should just say screw it, nobody gets to be tax exempt. There are obviously a lot of abuses, even with churches and charitable organizations. Certainly there are a lot of wiley folk, managers, accountants and attorneys come to mind here, sucking out goodly amounts. Admittedly a portion of what goes into their pocketbooks out of the tax exempt organizations does goeth to the taxman who even Jesus said to render what is his. The tax man, whooah the tax ma an...
Read more at http://www.nytimes.com/2013/05/19/us/politics/at-irs-unprepared-office-seemed-unclear-about-the-rules.html?pagewanted=4&hp
Interesting take here from the Banner-Herald outta beautiful Athens, GA, which I read AFTER I wrote the post above yesterday, essentially affirming what I think about this. My money line: "To a politico, the distinction between 'promoting social welfare' and 'promoting the ideas and candidates that we believe will improve stuff' is a line about an atom wide." But that’s an outrage for another day. I don't think you have any impeachable offense here either, sorry. But you can perhaps capitalize on it for the mid term ad the 2016 election, but you are forewarned to live in the moment, sha la la la la la....
Read more at: http://onlineathens.com/opinion/2013-05-16/filler-stop-irs-abuse-eliminating-tax-exemptions
All these bad ideas. Hmm, they work when the entire system has not nearly melted down because of big banker lies. Then, when we do get a meltdown we get more socialiam, not less, but da bankerman, he still got his, so let him be he, he'll always be.
So how did we get into this global economic crisis? Until some time in late 2007 or early 2008 things were seemingly going along quite well. The vast majority of the world's major economies were expanding and many people were enjoying their improved prosperity. Financial markets were reaching new high levels and many graduate business students around the world dreamed of lucrative investment banker positions after graduation. The growth cycle seemed well established and for some, things looked too good to be true – in hindsight these people were correct.
Read more at http://www.gfme.org/business_schools/economic_meltdown.htm
by Richard A. Cosier: Dean and Leeds Professor of Management, The Krannert Graduate School of Management, Purdue University
To make a blanket assessment that the entire "banking industry" caused the economic upheavals of 2007-2009 is to be so vacuously general as to really say nothing at all.
Debt, both public and private, was the main factor in the overall global situation (although to talk about some "global" situation is, again, to skirt utter meaninglessness.
Yes, some in the banking world thought they saw an opportunity to prosper from overleveraged households and governments, and they by and large got burned for their greed and shortsightedness. To say they characterize the banking profession, though, is unrealistic in the extreme.
I'm surprised they did not make them pee in a bottle.
ReplyDeleteProgress Texas, definitely not a tea party affilliate says this about that:
ReplyDelete•While the IRS was screening Tea Party groups, the agency was headed by Doug Shulman - a George W. Bush appointee
•Many Tea Party groups operate like political PACs or political parties - which is not allowed under law
•It took us at Progress Texas 479 days to have our tax-exempt status approved, and we support the due diligence
Read more at http://progresstexas.org/blog/irs-requested-information-progress-texas-took-479-days-approve
Douglas H. Shulman, the I.R.S. commissioner who was appointed by President George W. Bush who said he was unaware that any conservative groups had been targeted when these groups first began, as of course expected, complaining will be testifying on the Hill this coming week. Should be interesting.
ReplyDeleteThis whole pile of crap arose out of an inadvised controversial change in the law to allow tax exempt status for certain political action groups. It's OK to detest the IRS but everyone knows that if you are going to squirrel out of paying your taxes you'd better have your ducks in a row. There may be more voters out there willing to throw out all tax exemptions rather than throw out the IRS, which might result in rather substantial savings for individuals. We gotta finance a lot of expensive crap like our military ventures and the huge liability left to pay for various veterans' benefits for the rest of theirs and in many cases their survivors' given lives. Yeah, maybe we should just say screw it, nobody gets to be tax exempt. There are obviously a lot of abuses, even with churches and charitable organizations. Certainly there are a lot of wiley folk, managers, accountants and attorneys come to mind here, sucking out goodly amounts. Admittedly a portion of what goes into their pocketbooks out of the tax exempt organizations does goeth to the taxman who even Jesus said to render what is his. The tax man, whooah the tax ma an...
Read more at http://www.nytimes.com/2013/05/19/us/politics/at-irs-unprepared-office-seemed-unclear-about-the-rules.html?pagewanted=4&hp
In sum, the IRS and taxation of income were bad ideas from the get-go.
ReplyDeleteInteresting take here from the Banner-Herald outta beautiful Athens, GA, which I read AFTER I wrote the post above yesterday, essentially affirming what I think about this. My money line: "To a politico, the distinction between 'promoting social welfare' and 'promoting the ideas and candidates that we believe will improve stuff' is a line about an atom wide." But that’s an outrage for another day. I don't think you have any impeachable offense here either, sorry. But you can perhaps capitalize on it for the mid term ad the 2016 election, but you are forewarned to live in the moment, sha la la la la la....
ReplyDeleteRead more at:
http://onlineathens.com/opinion/2013-05-16/filler-stop-irs-abuse-eliminating-tax-exemptions
la
ReplyDeleteAll these bad ideas. Hmm, they work when the entire system has not nearly melted down because of big banker lies. Then, when we do get a meltdown we get more socialiam, not less, but da bankerman, he still got his, so let him be he, he'll always be.
ReplyDeleteSo how did we get into this global economic crisis? Until some time in late 2007 or early 2008 things were seemingly going along quite well. The vast majority of the world's major economies were expanding and many people were enjoying their improved prosperity. Financial markets were reaching new high levels and many graduate business students around the world dreamed of lucrative investment banker positions after graduation. The growth cycle seemed well established and for some, things looked too good to be true – in hindsight these people were correct.
ReplyDeleteRead more at http://www.gfme.org/business_schools/economic_meltdown.htm
by Richard A. Cosier: Dean and Leeds Professor of Management, The Krannert Graduate School of Management, Purdue University
To make a blanket assessment that the entire "banking industry" caused the economic upheavals of 2007-2009 is to be so vacuously general as to really say nothing at all.
ReplyDeleteDebt, both public and private, was the main factor in the overall global situation (although to talk about some "global" situation is, again, to skirt utter meaninglessness.
Yes, some in the banking world thought they saw an opportunity to prosper from overleveraged households and governments, and they by and large got burned for their greed and shortsightedness. To say they characterize the banking profession, though, is unrealistic in the extreme.
Forgive my distrust, but I just must.
ReplyDelete