Iris Mack's Blog - Taxes

IRS Commissioner Steven Miller Knows Nothing About Nothing!

Fri, 17 May 2013 17:18:00 --0100

Trading Report: 60 Ways the U.S. Government Wastes Taxpayers' Money

Mon, 25 Mar 2013 17:23:00 --0100

The following are some of the completely outrageous ways that the U.S. government is wasting taxpayers' money?

Wall Street Firms Flee New York for Tax-free Florida

Mon, 28 Jan 2013 23:52:00 --0100

One of the many reasons I love living in Miami Beach - no Florida state taxes? The weather's great too! Wall Street - come on down!

Did Tina Turner Give Up Her U.S. Citizenship Because of the Complicated U.S. Tax Code?

Sun, 27 Jan 2013 00:24:00 --0100

AFP - US pop legend Tina Turner, who has been living in Switzerland since 1995, will soon receive Swiss citizenship and will give up her US passport, Swiss media reported Friday.

"I'm very happy in Switzerland and I feel at home here. ... I cannot imagine a better place to live," Turner told German language daily Blick.

Turner, 73, who was born Anna Mae Bullock, lives in picturesque town of Kuesnacht, on the shores of Lake Zurich in northern Switzerland, and has passed a local civics test and interview, according to an official announcement published in the Zuerichsee-Zeitung daily.

The woman behind such hits as "Private Dancer", "Simply the Best" and "What's Love Got to Do With It?" will still need a green light from the canton of Zurich as well was federal authorities before she can receive red passport, the two papers reported.

Turner spokeswoman Karin Rhomberg told the Zuerichsee-Zeitung that the singer wanted to "clarify her situation".

"Tina Turner will therefore also give back her US citizenship," she said.

Turner, who has learned German, reportedly moved to Switzerland in 1995 when her longtime partner, German record executive Erwin Bach, was transferred here.

IRS Audited for Tax Fraud: Billions of Dollars Illegally Paid to Undocumented Workers

Wed, 04 Jul 2012 10:03:00 --0100

The IRS is the same agency that has been tasked to help enforce Obamacare. Scary!

Donald Trump on Obamacare

Sun, 01 Jul 2012 14:21:00 --0100

The Donald hates the Obamacare taxes!

Wall Street Journal: Coffee Shop Serves Drug Tests, Paternity Tests, Tax Prep...

Fri, 25 May 2012 13:21:00 --0100

Look out Starbucks!

Actor Will Smith Freaks Out at France's Proposed 75% Tax Rate

Wed, 16 May 2012 12:10:00 --0100

Will Smith is an ardent supporter of Obama's proposal to raise income taxes on high earners in the U.S. from 36% to 39%. Smith enthusiastically preached the gospel of paying one's fair share of taxes in a French TV interview. But when asked about his take on the tax policy of French president-elect François Hollande, Smith was shocked silly by the suggestion of a 75% tax rate on those earning above ?1 million annually.

Bloomberg: Facebook Co-Founder Gives Up U.S. Citizenship Before IPO To Reduce Tax Bill

Sat, 12 May 2012 12:42:00 --0100

Eduardo Saverin, the billionaire co-founder of Facebook, renounced his U.S. citizenship before an IPO that values the social network at as much as $96 billion. This move should reduce his U.S. tax bill.

ABC News: U.S. Pentagon Issues Study of a Study About Studies

Fri, 11 May 2012 22:19:00 --0100

The Pentagon was inundated with so many studies in 2010 that it commissioned a study to determine how much it cost to produce all those studies. More waste of U.S. taxpayers' money!

Bloomberg: Americans Giving Up U.S. Passports...Thanks to IRS

Wed, 02 May 2012 23:26:00 --0100

About 1,780 expatriates gave up their nationality at U.S. embassies last year, up from 235 in 2008, according to Andy Sundberg, secretary of Geneva?s Overseas American Academy, citing figures from the government?s Federal Register. The U.S. is the only nation in the Organization for Economic Cooperation and Development that taxes citizens wherever they reside. Just one more reason to elect Dr. Ron Paul. He wants to get rid of the IRS - along with the Federal Reserve.... Please read more here.

Trading Report: 24 Outrageous Facts About Taxes in the U.S.

Mon, 30 Apr 2012 15:36:00 --0100

The 3-million word U.S. tax code could use a bit of streamlining.

Ron Paul: "Don't Steal... U.S. Government Hates Competition"

Fri, 27 Apr 2012 12:02:00 --0100

Funny - but true!

U.S. Eyes Retirement-Fund Tax To Cut $16+ Trillion Deficit

Mon, 23 Apr 2012 15:13:00 --0100

Uncle Sam, in a desperate attempt to fix its $16 trillion-plus deficit, is leering over Americans? retirement nest egg as its new bailout fund. Capitol Hill politicians are assessing tax changes that could let the Internal Revenue Service lay claim to a portion of the $18 trillion sitting in 401(k) accounts and other tax breaks used by middle-class workers, including cutting the mortgage tax deduction. Please read more here.

SINGAPORE: CUTTING TAXES... AGAIN!

Sat, 21 Apr 2012 13:35:00 --0100

Singapore is one of those places where it may make a lot of sense to consider relocating (if you?re a skilled professional, investor or entrepreneur) or looking to structure a foreign business (especially an online company). Please read more here.