The IRS Is Woefully Late With Income Tax Returns Under The Obama Administration

Stalling Tax Refunds

Barack Obama

Many Americans are depending on their tax returns to pay bills, fund the down payment of a car, home mortgage or to catch up on one to stave off foreclosure. Some physically sick people are waiting on the money from their tax returns to see a doctor or dentist, while others need it to make up their kids tuition for university.

However, under the Obama Administration, Americans' tax returns have been extraordinarily late, more than any other presidency in recent history. They keep giving out deadlines for tax returns and then irresponsibly missing them, knowing people are depending on the money. If the Obama Administration can't effectively manage the people's tax returns, how can it handle the nation's ballooning budget and reduce the national deficit in a timely fashion.

For an administration pledging to turn the economy around, this is not a good look, especially in light of the president sending the deficit sky high. It does not inspire confidence. The Judiciary Report has also seen cases where people were flat-out discriminated against by the IRS, who disallowed deductions and write-offs granted to others in the same situation under the U.S. tax code. The Obama Administration is punishing the poor and the middle class, for the sins of the rich, which is inexcusable.

Quite a few of Obama's wealthy campaign donors owe the IRS and by default the US Treasury, hundreds of millions of dollars, yet they are not being pursued for these massive tax debts, because of their relationship with the president. Meanwhile, people in lower income and middle class tax brackets, who have paid their taxes and are expecting their refunds, are being shortchanged, denied and discriminated against by the current administration.

Articles in credible publications and court documents have also brought to light the fact federal agencies such as the FBI have been using the IRS to unlawfully harass targets of their warrantless surveillance, via strong-arm tactics and threats for taxes not owed. This too is not a good look, but is being utilized under the Obama Administration and in a number of the cases, against innocent people or for political purposes. Something to think about at the polls in November.

President Obama Abandoned The Buffett Rule Regarding Taxing The Rich

What This Will Mean For The Economy

First Lady Michelle Obama and President Barack Obama

Forbes magazine did a write up on President Obama abandoning the Buffet rule, named after billionaire Warren Buffett, regarding rich people not paying enough taxes in America. President Obama's budget made public this month, contains no such rule, which means less revenues for the treasury to create jobs for the unemployed in America and pay down the massive national deficit. Obama flinched at the last minute, bowing to the rich, when America needs the tax revenue. His new budget is more of the same, which has been unsuccessful for three years.

If I were a head of state, under current economic conditions, as I have maintained in articles for years, I'd raise taxes on the rich. My attitude would be: *rolls eyes* what are they really going to do to me - besides that's what they make bullet proof vests for. Everyday I'd also say to my bodyguards, "We're not married, why are you walking beside and not in front of me - because if they shoot me, I'm going to shoot you. It's easy to remember, if I get shot, you get shot."

STORY SOURCE

Where Did the Buffett Rule Go?

2/15/2012 @ 5:12PM - In last month’s State of the Union address, President Barack Obama endorsed a so-called “Buffett Rule”: an additional alternative minimum tax that would ensure that people making over $1 million would pay at least a 30 percent tax rate. So it comes as some surprise that the President’s budget, released this week, doesn’t contain a Buffett Rule.

In the written budget narrative, Obama lays out broad principles for tax reform, including a call for the Buffett Rule. Other items in that narrative include lower tax rates with fewer deductions and exclusions, making tax incentives more progressive, and “fundamental corporate tax reform.” But none of those proposals are actually scored in the budget tables—while Obama is saying they would be a good idea, he is not proposing them for Fiscal Year 2013. Instead, the White House’s proposals for new revenue are a rehash of what it has proposed in the past...

http://www.forbes.com