TaxMasters Labeled A Money Stealing Scam Leading The Company To File Bankruptcy Due To A Massive Lawsuit

For years, Patrick Cox has run commercials on American television, proclaiming he can significantly cut people's tax debt with the Internal Revenue Service (IRS). However, over 1,000 complaints to the Better Business Bureau, from consumers stating they have been fleeced out of thousands of dollars, paid up front to TaxMasters, for Cox to negotiate and resolve their tax debts, says otherwise.

Patrick Cox

On March 18, 2012 TaxMasters sought bankruptcy protection, filing Chapter 11, in an attempt to fend off a potential multi-million dollar court verdict against the company, regarding customers that have lost money using their service and gotten nowhere with the IRS in the process. Buyer beware.

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resident Obama Abandoned The Buffett Rule Regarding Taxing The Rich

Millionaire Mitt Romney Agrees To Release His Tax Returns To The Public

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

Tax Group Slams Kim Kardashian For Not Paying Enough Taxes But Is Obama Listening

...Because They Are Right

Barack Obama

It seems everybody hates Kim Kardashian, a pun on the title of the show "Everybody Hates Chris." The Courage Campaign, complaining of the shortfalls in California's coffers, has slammed Kardashian for paying a 10.3% tax rate on $12,000,000 in income for the year 2010.

Kardashian made even more money this year with her sham of a wedding to Kris Humphries, which was done solely for a paycheck and more fame, but it all backfired, resulting in bad publicity and bridal registry gifts she refused to return. However, she still received a reported $20,000,000 from the fake wedding, which she will pay very little taxes on.

The Judiciary Report does agree that the rich in America should not pay so little taxes, especially in the current negative financial environment, as it is holding back the economy. Some of the most wealthy people in America did the nation the most damage, resulting in the ongoing, horrible financial crisis.

Kim Kardashian

I was born in Jamaica, lived there the first 8-years of my life, always kept in contact with my roots in the Caribbean, some of which stems from the British system and when there is an issue of economic imbalance and financial discord, the commonwealth employed a small tax hike, mainly on the rich, which went a long way in remedying the monetary problems of said nations.

Even former U.S. President Bill Clinton instituted tax hikes in America in the 1990s to great results. Therefore, I don't understand why some are acting like it is an insane, novel concept that has never worked. President Obama did not embrace higher taxes for the rich immediately upon taking office, as the Judiciary Report has advocated for years and it has cost him and America plenty.

Instead Obama gave the rich more money via stimulus funds, with much of that taxpayer money ending up being wasted, stolen and misappropriated. A significant amount of those funds are sitting in the Caribbean and Europe in hidden accounts. Now Obama is scrambling to save the economy, when new reports this month indicate the jobless numbers have risen again, as have foreclosures with mere months until the next election.

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